UBS upgraded shares of Canadian National Railway (NYSE:CNI) (TSE:CNR) from a market perform rating to an outperform rating in a report published on Tuesday, The Fly reports.
Several other equities analysts also recently commented on the stock. Zacks Investment Research downgraded shares of Canadian National Railway from a hold rating to a sell rating in a research note on Tuesday, March 27th. Seaport Global Securities reiterated a neutral rating on shares of Canadian National Railway in a research note on Friday, March 23rd. Credit Suisse Group reiterated a neutral rating and set a $75.00 price objective (down from $83.00) on shares of Canadian National Railway in a research note on Thursday, March 8th. Bank of America downgraded shares of Canadian National Railway from a neutral rating to an underperform rating in a research note on Tuesday, March 6th. Finally, Cowen reiterated an outperform rating and set a $86.00 price objective (down from $90.00) on shares of Canadian National Railway in a research note on Wednesday, February 28th. Three equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and nine have issued a buy rating to the stock. The stock currently has a consensus rating of Hold and a consensus price target of $82.35.
CNI stock opened at $73.98 on Tuesday. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.44 and a current ratio of 0.55. Canadian National Railway has a 52 week low of $70.59 and a 52 week high of $85.73. The stock has a market capitalization of $55,254.82, a P/E ratio of 19.29, a price-to-earnings-growth ratio of 2.00 and a beta of 1.04.
Canadian National Railway (NYSE:CNI) (TSE:CNR) last released its quarterly earnings results on Tuesday, January 23rd. The transportation company reported $0.94 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.98 by ($0.04). Canadian National Railway had a net margin of 42.25% and a return on equity of 24.62%. The business had revenue of $2.57 billion during the quarter, compared to analyst estimates of $2.61 billion. analysts predict that Canadian National Railway will post 4 EPS for the current year.
The business also recently declared a quarterly dividend, which was paid on Thursday, March 29th. Stockholders of record on Thursday, March 8th were paid a $0.3665 dividend. This is an increase from Canadian National Railway’s previous quarterly dividend of $0.33. This represents a $1.47 dividend on an annualized basis and a dividend yield of 1.98%. The ex-dividend date was Wednesday, March 7th. Canadian National Railway’s dividend payout ratio (DPR) is presently 36.72%.
Several institutional investors and hedge funds have recently bought and sold shares of CNI. Mackenzie Financial Corp boosted its stake in shares of Canadian National Railway by 100.7% in the 4th quarter. Mackenzie Financial Corp now owns 6,556,905 shares of the transportation company’s stock valued at $540,945,000 after purchasing an additional 3,289,767 shares in the last quarter. Picton Mahoney Asset Management acquired a new stake in shares of Canadian National Railway in the 4th quarter valued at approximately $141,338,000. The Manufacturers Life Insurance Company boosted its stake in shares of Canadian National Railway by 29.2% in the 4th quarter. The Manufacturers Life Insurance Company now owns 5,941,493 shares of the transportation company’s stock valued at $490,174,000 after purchasing an additional 1,344,029 shares in the last quarter. Schroder Investment Management Group boosted its stake in shares of Canadian National Railway by 543.8% in the 4th quarter. Schroder Investment Management Group now owns 1,115,635 shares of the transportation company’s stock valued at $115,636,000 after purchasing an additional 942,338 shares in the last quarter. Finally, Amundi Pioneer Asset Management Inc. acquired a new stake in shares of Canadian National Railway in the 4th quarter valued at approximately $76,460,000. Institutional investors own 55.18% of the company’s stock.
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About Canadian National Railway
Canadian National Railway Company engages in rail and related transportation business. The company transports cargo serving exporters, importers, retailers, farmers, and manufacturers. It operates a network of approximately 20,000 route miles of track spans Canada and mid-America connecting the Atlantic, the Pacific, and the Gulf of Mexico.
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