2 weeks Ago By ABMN Staff
Shares of Canadian National Railway ( NYSE:CNI – Get Free Report ) (TSE:CNR) have received a consensus recommendation of “Hold” from the twenty analysts that are covering the company, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell rating, fourteen have given a hold rating, three have given a buy rating and two have assigned a strong buy rating to the company. The average twelve-month price target among brokers that have issued a report on the stock in the last year is $125.
18. Several research analysts have recently issued reports on CNI shares. Veritas upgraded shares of Canadian National Railway from a “hold” rating to a “strong-buy” rating in a report on Wednesday, October 23rd.
Susquehanna cut their price target on Canadian National Railway from $130.00 to $125.00 and set a “neutral” rating for the company in a report on Wednesday, October 23rd.
Benchmark reissued a “hold” rating on shares of Canadian National Railway in a report on Thursday, October 24th. Evercore ISI cut their target price on Canadian National Railway from $119.00 to $116.
00 and set an “in-line” rating for the company in a research note on Wednesday, October 23rd. Finally, Citigroup lifted their price target on shares of Canadian National Railway from $125.00 to $126.
00 and gave the stock a “neutral” rating in a research note on Thursday, October 24th. Read Our Latest Stock Analysis on CNI Canadian National Railway Stock Performance Canadian National Railway ( NYSE:CNI – Get Free Report ) (TSE:CNR) last announced its quarterly earnings data on Tuesday, October 22nd. The transportation company reported $1.
72 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.70 by $0.02.
The business had revenue of $4.11 billion for the quarter, compared to the consensus estimate of $4.08 billion.
Canadian National Railway had a net margin of 31.65% and a return on equity of 23.62%.
Canadian National Railway’s quarterly revenue was up 3.1% on a year-over-year basis. During the same quarter last year, the company posted $1.
26 earnings per share. On average, equities analysts forecast that Canadian National Railway will post 5.52 earnings per share for the current year.
Canadian National Railway Cuts Dividend The company also recently announced a quarterly dividend, which will be paid on Monday, December 30th. Stockholders of record on Monday, December 9th will be paid a $0.6108 dividend.
This represents a $2.44 dividend on an annualized basis and a dividend yield of 2.19%.
The ex-dividend date of this dividend is Monday, December 9th. Canadian National Railway’s dividend payout ratio (DPR) is currently 39.90%.
Hedge Funds Weigh In On Canadian National Railway A number of institutional investors and hedge funds have recently bought and sold shares of CNI. Thurston Springer Miller Herd & Titak Inc. acquired a new position in shares of Canadian National Railway during the second quarter worth approximately $26,000.
Addison Advisors LLC lifted its holdings in Canadian National Railway by 159.1% during the 2nd quarter. Addison Advisors LLC now owns 241 shares of the transportation company’s stock worth $28,000 after buying an additional 148 shares in the last quarter.
Fortitude Family Office LLC boosted its position in Canadian National Railway by 738.7% in the 3rd quarter. Fortitude Family Office LLC now owns 260 shares of the transportation company’s stock valued at $30,000 after buying an additional 229 shares during the last quarter.
Coastline Trust Co acquired a new stake in shares of Canadian National Railway in the 3rd quarter valued at $34,000. Finally, ORG Partners LLC acquired a new stake in shares of Canadian National Railway in the 2nd quarter valued at $34,000. Institutional investors and hedge funds own 80.
74% of the company’s stock. Canadian National Railway Company Profile ( Get Free Report Canadian National Railway Company, together with its subsidiaries, engages in the rail, intermodal, trucking, and marine transportation and logistics business in Canada and the United States. The company provides rail services, which include equipment, custom brokerage services, transloading and distribution, business development and real estate, and private car storage services; and intermodal services, such as temperature controlled cargo, port partnerships, and logistics parks.
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