Canadian National Railway (NYSE:CNI) Earns Market Perform Rating from Analysts at Citizens Jmp

Citizens Jmp initiated coverage on shares of Canadian National Railway (NYSE:CNI) (TSE:CNR) in a research report sent to investors on Wednesday, Marketbeat reports. The firm issued a market perform rating on the transportation company’s stock.

Several other analysts have also issued reports on the company. Bank of America boosted their price target on Canadian National Railway from $132.00 to $134.00 and gave the company a “buy” rating in a report on Tuesday, June 23rd. Barclays raised their price objective on Canadian National Railway from $99.00 to $109.00 and gave the stock an “equal weight” rating in a research note on Thursday, June 25th. Weiss Ratings cut Canadian National Railway from a “hold (c+)” rating to a “hold (c)” rating in a research report on Thursday, July 9th. Citigroup boosted their price objective on Canadian National Railway from $124.00 to $141.00 and gave the company a “buy” rating in a research note on Thursday, July 9th. Finally, Evercore raised shares of Canadian National Railway from an “in-line” rating to an “outperform” rating and set a $124.00 target price for the company in a report on Thursday, June 25th. Eight research analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company’s stock. According to MarketBeat.com, Canadian National Railway currently has an average rating of “Hold” and an average target price of $132.12.

Canadian National Railway Stock Up 0.7%

CNI opened at $129.07 on Wednesday. The firm’s 50 day simple moving average is $118.48 and its two-hundred day simple moving average is $109.63. The company has a market capitalization of $78.22 billion, a PE ratio of 23.47, a PEG ratio of 2.45 and a beta of 0.96. Canadian National Railway has a 1-year low of $90.74 and a 1-year high of $129.52. The company has a current ratio of 0.67, a quick ratio of 0.49 and a debt-to-equity ratio of 0.95.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last issued its quarterly earnings data on Wednesday, April 29th. The transportation company reported $1.31 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $1.31. The firm had revenue of $3.15 billion during the quarter, compared to the consensus estimate of $3.15 billion. Canadian National Railway had a net margin of 27.22% and a return on equity of 21.90%. The company’s revenue for the quarter was down .5% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.85 EPS. As a group, equities analysts forecast that Canadian National Railway will post 5.66 EPS for the current year.

Canadian National Railway Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Tuesday, June 9th were issued a dividend of $0.915 per share. This represents a $3.66 annualized dividend and a yield of 2.8%. The ex-dividend date was Tuesday, June 9th. Canadian National Railway’s dividend payout ratio (DPR) is currently 48.55%.

Institutional Trading of Canadian National Railway

Several hedge funds have recently modified their holdings of CNI. High Point Wealth Management LLC purchased a new position in shares of Canadian National Railway in the fourth quarter valued at $27,000. Curio Wealth LLC purchased a new stake in Canadian National Railway during the fourth quarter valued at $31,000. MidFirst Bank purchased a new stake in Canadian National Railway during the fourth quarter valued at $31,000. Caitong International Asset Management Co. Ltd lifted its position in Canadian National Railway by 378.4% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 354 shares of the transportation company’s stock valued at $35,000 after purchasing an additional 280 shares during the last quarter. Finally, MBM Wealth Consultants LLC bought a new position in Canadian National Railway during the first quarter valued at $37,000. 80.74% of the stock is owned by hedge funds and other institutional investors.

About Canadian National Railway

Canadian National Railway Company (NYSE: CNI) is a Class I freight railway that operates an integrated rail network across Canada and the United States. Headquartered in Montreal, Quebec, CN provides long-haul freight transportation and related logistics services that connect major ports, industrial centers and inland markets throughout North America. Its transcontinental system enables cross-border movement of goods and supports supply chains that span coast-to-coast in Canada and into the central and eastern United States.

CN’s core business is the railborne transportation of a broad mix of commodities, including intermodal container traffic, forest and paper products, grain and other agricultural products, metallurgical and industrial products, petroleum and chemical products, coal and automotive shipments.