Canadian National Railway’s (CNI) “Hold” Rating Reaffirmed at Benchmark

Benchmark reiterated their hold rating on shares of Canadian National Railway (NYSE:CNI) (TSE:CNR) in a report released on Wednesday morning, Benzinga reports.

A number of other analysts also recently issued reports on the stock. Wells Fargo & Company lifted their price target on shares of Canadian National Railway from $110.00 to $125.00 and gave the company an equal weight rating in a report on Wednesday, January 24th. Susquehanna reduced their price target on shares of Canadian National Railway from $143.00 to $140.00 and set a neutral rating on the stock in a report on Thursday, March 28th. Stephens lifted their price target on shares of Canadian National Railway from $122.00 to $135.00 and gave the company an equal weight rating in a report on Thursday, January 4th. Susquehanna Bancshares lifted their price target on shares of Canadian National Railway from $115.00 to $143.00 and gave the company a neutral rating in a report on Monday, January 8th. Finally, Jefferies Financial Group started coverage on shares of Canadian National Railway in a research note on Monday. They issued a hold rating and a $130.00 price objective for the company. Eighteen equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of Hold and an average price target of $146.95.

Canadian National Railway Stock Up 0.2 %

Shares of CNI stock opened at $131.31 on Wednesday. The company has a market capitalization of $84.08 billion, a price-to-earnings ratio of 20.71, a PEG ratio of 2.33 and a beta of 0.88. Canadian National Railway has a one year low of $103.96 and a one year high of $134.02. The company’s fifty day moving average price is $129.67 and its 200-day moving average price is $120.83. The company has a debt-to-equity ratio of 0.80, a current ratio of 0.61 and a quick ratio of 0.47.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last announced its quarterly earnings data on Tuesday, January 23rd. The transportation company reported $1.48 EPS for the quarter, beating the consensus estimate of $1.46 by $0.02. The firm had revenue of $3.28 billion for the quarter, compared to the consensus estimate of $3.25 billion. Canadian National Railway had a net margin of 33.38% and a return on equity of 23.56%. Sell-side analysts expect that Canadian National Railway will post 5.96 EPS for the current fiscal year.

Canadian National Railway Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Thursday, March 7th were given a $0.638 dividend. This represents a $2.55 annualized dividend and a yield of 1.94%. This is a boost from Canadian National Railway’s previous quarterly dividend of $0.58. The ex-dividend date was Wednesday, March 6th. Canadian National Railway’s payout ratio is 39.59%.

Institutional Investors Weigh In On Canadian National Railway

Large investors have recently added to or reduced their stakes in the stock. O Dell Group LLC purchased a new stake in Canadian National Railway in the 4th quarter valued at about $29,000. GAMMA Investing LLC boosted its position in Canadian National Railway by 766.7% in the 1st quarter. GAMMA Investing LLC now owns 234 shares of the transportation company’s stock valued at $31,000 after buying an additional 207 shares during the period. Tyler Stone Wealth Management bought a new stake in shares of Canadian National Railway in the 2nd quarter valued at about $30,000. JFS Wealth Advisors LLC raised its holdings in shares of Canadian National Railway by 241.1% in the 3rd quarter. JFS Wealth Advisors LLC now owns 324 shares of the transportation company’s stock valued at $35,000 after purchasing an additional 229 shares in the last quarter. Finally, EverSource Wealth Advisors LLC raised its holdings in shares of Canadian National Railway by 121.0% in the 3rd quarter. EverSource Wealth Advisors LLC now owns 369 shares of the transportation company’s stock valued at $40,000 after purchasing an additional 202 shares in the last quarter. 80.74% of the stock is owned by hedge funds and other institutional investors.

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.