Canadian National Railway (CNI) Earning Somewhat Positive Media Coverage, Analysis Finds

Media headlines about Canadian National Railway (NYSE:CNI) (TSE:CNR) have trended somewhat positive on Friday, Accern reports. Accern ranks the sentiment of news coverage by monitoring more than 20 million news and blog sources in real time. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Canadian National Railway earned a media sentiment score of 0.10 on Accern’s scale. Accern also gave news coverage about the transportation company an impact score of 45.9791879547211 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the near future.

These are some of the media stories that may have effected Accern Sentiment Analysis’s scoring:

Canadian National Railway (NYSE:CNI) traded up $0.23 during midday trading on Friday, hitting $80.79. The company had a trading volume of 1,475,649 shares, compared to its average volume of 1,204,608. The company has a quick ratio of 0.49, a current ratio of 0.61 and a debt-to-equity ratio of 0.58. Canadian National Railway has a one year low of $68.27 and a one year high of $85.73. The company has a market capitalization of $59,950.00, a price-to-earnings ratio of 19.66, a PEG ratio of 2.00 and a beta of 1.09.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last released its quarterly earnings results on Tuesday, October 24th. The transportation company reported $1.05 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.06 by ($0.01). Canadian National Railway had a net margin of 29.98% and a return on equity of 25.57%. research analysts predict that Canadian National Railway will post 3.96 EPS for the current year.

The company also recently declared a quarterly dividend, which was paid on Friday, December 29th. Investors of record on Friday, December 8th were given a dividend of $0.3304 per share. The ex-dividend date was Thursday, December 7th. This is a positive change from Canadian National Railway’s previous quarterly dividend of $0.33. This represents a $1.32 annualized dividend and a dividend yield of 1.64%. Canadian National Railway’s payout ratio is currently 31.87%.

Canadian National Railway announced that its board has authorized a stock buyback plan on Tuesday, October 24th that permits the company to buyback 31,000,000 outstanding shares. This buyback authorization permits the transportation company to purchase shares of its stock through open market purchases. Stock buyback plans are typically a sign that the company’s leadership believes its stock is undervalued.

CNI has been the topic of a number of recent analyst reports. Cowen reiterated a “buy” rating and issued a $83.00 price objective on shares of Canadian National Railway in a research report on Sunday, September 24th. Zacks Investment Research lowered Canadian National Railway from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, September 26th. Stifel Nicolaus reiterated a “hold” rating and issued a $89.00 price objective on shares of Canadian National Railway in a research report on Friday, October 6th. Royal Bank of Canada reiterated an “outperform” rating on shares of Canadian National Railway in a research report on Wednesday, October 25th. Finally, Desjardins upgraded Canadian National Railway from a “hold” rating to a “buy” rating in a research report on Wednesday, October 25th. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and eight have issued a buy rating to the stock. Canadian National Railway currently has a consensus rating of “Hold” and a consensus price target of $79.67.

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About Canadian National Railway

Canadian National Railway Company is engaged in the rail and related transportation business. The Company’s network of approximately 20,000 route miles of track spans Canada and mid-America, connecting approximately three coasts, including the Atlantic, the Pacific and the Gulf of Mexico and serving the cities and ports of Vancouver, Prince Rupert (British Columbia), Montreal, Halifax, New Orleans, and Mobile (Alabama), and the metropolitan areas of Toronto, Edmonton, Winnipeg, Calgary, Chicago, Memphis, Detroit, Duluth (Minnesota)/Superior (Wisconsin), and Jackson (Mississippi), with connections to all points in North America.

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