Canadian National Railway (NYSE:CNI) Stock Rating Lowered by StockNews.com

StockNews.com cut shares of Canadian National Railway (NYSE:CNI – Get Rating) (TSE:CNR) from a buy rating to a hold rating in a research note released on Tuesday morning.

CNI has been the subject of several other reports. Barclays boosted their price objective on shares of Canadian National Railway from $118.00 to $127.00 and gave the stock an equal weight rating in a research note on Wednesday, January 11th. BMO Capital Markets reduced their target price on shares of Canadian National Railway from C$185.00 to C$180.00 in a research report on Wednesday, January 25th. Bank of America boosted their target price on shares of Canadian National Railway from $131.00 to $140.00 and gave the stock a buy rating in a research report on Tuesday, November 29th. Credit Suisse Group cut their price target on shares of Canadian National Railway from $133.00 to $128.00 and set a neutral rating on the stock in a report on Wednesday, January 25th. Finally, Wells Fargo & Company cut their price target on shares of Canadian National Railway from $120.00 to $115.00 and set an equal weight rating on the stock in a report on Wednesday, January 25th. One equities research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of Hold and an average target price of $142.35.

Canadian National Railway Price Performance

Canadian National Railway stock opened at $113.89 on Tuesday. Canadian National Railway has a 1 year low of $103.79 and a 1 year high of $137.19. The firm has a 50 day moving average price of $119.65 and a 200 day moving average price of $119.50. The company has a market cap of $76.33 billion, a price-to-earnings ratio of 19.95, a PEG ratio of 2.01 and a beta of 0.91. The company has a debt-to-equity ratio of 0.67, a quick ratio of 0.66 and a current ratio of 0.84.

Canadian National Railway Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, March 31st. Stockholders of record on Friday, March 10th will be given a dividend of $0.5906 per share. The ex-dividend date is Thursday, March 9th. This represents a $2.36 annualized dividend and a dividend yield of 2.07%. This is a positive change from Canadian National Railway’s previous quarterly dividend of $0.53. Canadian National Railway’s dividend payout ratio is currently 37.83%.

Hedge Funds Weigh In On Canadian National Railway

Institutional investors have recently modified their holdings of the company. Natixis grew its position in Canadian National Railway by 67.9% in the 4th quarter. Natixis now owns 108,926 shares of the transportation company’s stock valued at $12,949,000 after buying an additional 44,051 shares in the last quarter. CVA Family Office LLC bought a new position in Canadian National Railway in the 4th quarter valued at about $226,000. Macquarie Group Ltd. grew its position in Canadian National Railway by 9.9% in the 4th quarter. Macquarie Group Ltd. now owns 51,459 shares of the transportation company’s stock valued at $6,117,000 after buying an additional 4,640 shares in the last quarter. Northwestern Mutual Wealth Management Co. grew its position in Canadian National Railway by 6.4% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 13,413 shares of the transportation company’s stock valued at $1,594,000 after buying an additional 802 shares in the last quarter. Finally, Covenant Partners LLC bought a new position in Canadian National Railway in the 4th quarter valued at about $488,000. Institutional investors own 86.96% of the company’s stock.

About Canadian National Railway

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Canadian National Railway Co engages in rail and related transportation business. Its services include rail, intermodal, trucking, supply chain services, business development and maps and network. Its offers their services in automotive, coal, fertilizer, food and beverages, forest products, dimensional loads, grain, metals and minerals and petroleum and chemicals industries.