Canadian National Railways (NYSE: CNI) receives average analyst ‘buy’ recommendation
Stocks of Canadian National Railways (NYSE: CNI) (TSE: CNR) received an average “Buy” recommendation from the twenty-five brokerages that cover the company, reports MarketBeat Ratings. Ten research analysts rated the stock with a conservation rating and twelve gave the company a buy rating. The average one-year target price among analysts who issued ratings on the stock in the past year is $ 133.75.
A number of research analysts recently commented on the company. In a research report published on Tuesday, May 18, Vertical Research upgraded Canadian National from “keep” to “buy” UBS Group upgraded Canadian National from “neutral” to “buy” rating in a report released on Friday, May 28. Desjardins lowered its price target on Canadian National from C $ 147.00 to C $ 145.00 and set a “maintain” rating on the stock in a report released on Wednesday, May 26. Stifel Nicolaus returned to coverage of Canadian National in a report on Monday, June 21. They set a “hold” rating on the stock. Finally, CIBC raised Canada’s National Railways rating from “neutral” to “outperforming” and set a price target of $ 146.00 on the stock in a report released on Tuesday. May 25.
CNI actions opened at $ 106.78 on Friday. Canadian National has a one-year low at $ 87.64 and a one-year high at $ 119.61. The company has a quick ratio of 0.97, a current ratio of 1.19, and a debt ratio of 0.62. The company has a market cap of $ 75.70 billion, a price-to-earnings ratio of 28.25, a price-to-earnings-growth ratio of 2.47, and a beta of 0.81. The company has a 50-day simple moving average of $ 108.62.
Canadian National Railways (NYSE: CNI) (TSE: CNR) last released its results on Sunday, April 25. The transportation company reported EPS of $ 1.23 for the quarter, missing analyst consensus estimates of $ 1.24 per ($ 0.01). The company posted revenue of $ 3.54 billion for the quarter, compared to a consensus estimate of $ 3.57 billion. Canadian National had a net margin of 25.64% and a return on equity of 19.63%. The company’s turnover is down 0.3% compared to the same quarter last year. In the same quarter of the previous year, the company posted earnings per share of $ 1.22. On average, stock analysts predict that Canadian National will post 4.77 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, June 30. Investors of record on Wednesday, June 9, received a dividend of $ 0.4964 per share. The ex-dividend date of this dividend was Tuesday, June 8. This represents a dividend of $ 1.99 on an annualized basis and a return of 1.86%. This is an increase from Canadian National’s previous quarterly dividend of $ 0.48. Canadian National’s dividend payout ratio (DPR) is currently 22.47%.
Hedge funds recently changed their holdings of equities. WCM Investment Management LLC strengthened its position in Canadian National Railways by 17.8% during the fourth quarter. WCM Investment Management LLC now owns 2,357,863 shares of the transportation company valued at $ 259,011,000 after purchasing an additional 355,860 shares during the last quarter. Russell Investments Group Ltd. increased its holdings in Canadian National by 179.7% in the first quarter. Russell Investments Group Ltd. now owns 1,543,087 shares of the transportation company valued at $ 179,032,000 after acquiring an additional 991,313 shares in the last quarter. Bradley Foster & Sargent Inc. CT increased its holdings in Canadian National Railway by 101.3% in the first quarter. Bradley Foster & Sargent Inc. CT now owns 371,360 shares of the transportation company valued at $ 43,070,000 after acquiring an additional 186,878 shares in the last quarter. FDx Advisors Inc. increased its holdings in Canadian National by 10.3% in the first quarter. FDx Advisors Inc. now owns 11,453 shares of the transportation company valued at $ 1,328,000 after acquiring 1,071 additional shares during the last quarter. Finally, Franklin Parlapiano Turner & Welch LLC increased its stake in Canadian National Railway by 1.1% in the first quarter. Franklin Parlapiano Turner & Welch LLC now owns 61,674 shares of the transportation company valued at $ 7,153,000 after acquiring 682 additional shares during the last quarter. 54.67% of the shares are currently held by institutional investors.
About Canada’s National Railways
The Canadian National Railway Company, together with its subsidiaries, is engaged in rail and related transportation activities. Its commodity portfolio includes petroleum and chemicals, grains and fertilizers, coal, metals and minerals, forest products, intermodal and automotive products serving exporters, importers, retailers, farmers and manufacturers.
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