Canadian National Railway (NYSE:CNI) Stock Rating Upgraded by Citigroup

Citigroup upgraded shares of Canadian National Railway (NYSE:CNI) (TSE:CNR) from a neutral rating to a buy rating in a research report released on Tuesday, MarketBeat.com reports. They currently have $130.00 price target on the transportation company’s stock, up from their prior price target of $126.00.

Several other analysts have also commented on CNI. Benchmark reaffirmed a “hold” rating on shares of Canadian National Railway in a report on Thursday, October 24th. Veritas upgraded Canadian National Railway from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, October 23rd. Evercore ISI lowered their price objective on shares of Canadian National Railway from $119.00 to $116.00 and set an “in-line” rating on the stock in a research note on Wednesday, October 23rd. Royal Bank of Canada upgraded shares of Canadian National Railway from a “sector perform” rating to an “outperform” rating in a research report on Thursday, October 10th. Finally, Stifel Nicolaus increased their price target on shares of Canadian National Railway from $130.00 to $132.00 and gave the stock a “hold” rating in a research report on Wednesday, October 23rd. One research analyst has rated the stock with a sell rating, fourteen have issued a hold rating, four have issued a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $125.48.

Canadian National Railway Stock Performance

Shares of CNI opened at $108.89 on Tuesday. Canadian National Railway has a 12 month low of $107.54 and a 12 month high of $134.02. The business’s fifty day simple moving average is $114.17 and its two-hundred day simple moving average is $117.83. The company has a current ratio of 0.64, a quick ratio of 0.49 and a debt-to-equity ratio of 0.96. The company has a market cap of $68.47 billion, a price-to-earnings ratio of 17.49, a P/E/G ratio of 2.52 and a beta of 0.89.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last announced its quarterly earnings results on Tuesday, October 22nd. The transportation company reported $1.72 EPS for the quarter, topping analysts’ consensus estimates of $1.70 by $0.02. Canadian National Railway had a net margin of 31.65% and a return on equity of 23.62%. The firm had revenue of $4.11 billion during the quarter, compared to analyst estimates of $4.08 billion. During the same period in the previous year, the business posted $1.26 earnings per share. The business’s revenue for the quarter was up 3.1% on a year-over-year basis. Research analysts anticipate that Canadian National Railway will post 5.49 earnings per share for the current fiscal 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 issued a $0.6108 dividend. The ex-dividend date is Monday, December 9th. This represents a $2.44 annualized dividend and a dividend yield of 2.24%. Canadian National Railway’s dividend payout ratio (DPR) is 39.90%.

Institutional Trading of Canadian National Railway

Large investors have recently added to or reduced their stakes in the company. Thurston Springer Miller Herd & Titak Inc. bought a new stake in shares of Canadian National Railway in the 2nd quarter valued at approximately $26,000. Addison Advisors LLC boosted its stake in Canadian National Railway by 159.1% during the second quarter. Addison Advisors LLC now owns 241 shares of the transportation company’s stock worth $28,000 after buying an additional 148 shares during the period. Fortitude Family Office LLC boosted its stake in Canadian National Railway by 738.7% during the third quarter. Fortitude Family Office LLC now owns 260 shares of the transportation company’s stock worth $30,000 after buying an additional 229 shares during the period. ORG Partners LLC bought a new position in Canadian National Railway during the second quarter valued at $34,000. Finally, Coastline Trust Co purchased a new stake in shares of Canadian National Railway in the third quarter valued at $34,000. Institutional investors own 80.74% of the company’s stock.

About Canadian National Railway

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.