Canadian National Railway (NYSE:CNI) Downgraded by StockNews.com

StockNews.com downgraded shares of Canadian National Railway (NYSE:CNI) (TSE:CNR) from a buy rating to a hold rating in a report published on Wednesday.

Several other analysts also recently weighed in on CNI. Stephens reiterated an equal weight rating and set a $140.00 target price on shares of Canadian National Railway in a research report on Wednesday, April 24th. Citigroup lifted their target price on Canadian National Railway from $121.00 to $128.00 and gave the stock a neutral rating in a research report on Wednesday, January 24th. Stifel Nicolaus lifted their target price on Canadian National Railway from $121.00 to $134.00 and gave the stock a hold rating in a research report on Friday, April 12th. Susquehanna lifted their target price on Canadian National Railway from $140.00 to $142.00 and gave the stock a neutral rating in a research report on Wednesday, April 24th. Finally, Bank of America upgraded Canadian National Railway from a neutral rating to a buy rating and lifted their target price for the stock from $140.00 to $145.00 in a research report on Wednesday, April 10th. Eighteen equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of Hold and an average target price of $149.05.

Canadian National Railway Stock Up 0.5 %

Shares of CNI opened at $126.93 on Wednesday. The company has a market cap of $80.81 billion, a PE ratio of 20.24, a P/E/G ratio of 2.23 and a beta of 0.89. The business has a fifty day moving average of $127.88 and a 200 day moving average of $124.89. Canadian National Railway has a 52-week low of $103.96 and a 52-week high of $134.02. The company has a quick ratio of 0.46, a current ratio of 0.60 and a debt-to-equity ratio of 0.84.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last issued its quarterly earnings results on Tuesday, April 23rd. The transportation company reported $1.28 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.27 by $0.01. The company had revenue of $3.15 billion during the quarter, compared to the consensus estimate of $3.16 billion. Canadian National Railway had a return on equity of 23.27% and a net margin of 32.81%. On average, sell-side analysts expect that Canadian National Railway will post 5.9 EPS for the current year.

Canadian National Railway Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Friday, June 7th will be paid a $0.625 dividend. The ex-dividend date of this dividend is Friday, June 7th. This represents a $2.50 annualized dividend and a yield of 1.97%. Canadian National Railway’s dividend payout ratio (DPR) is presently 39.71%.

Hedge Funds Weigh In On Canadian National Railway

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Bfsg LLC grew its stake in Canadian National Railway by 110.5% in the first quarter. Bfsg LLC now owns 200 shares of the transportation company’s stock valued at $26,000 after purchasing an additional 105 shares during the last quarter. GAMMA Investing LLC grew its stake in shares of Canadian National Railway by 766.7% during the first quarter. GAMMA Investing LLC now owns 234 shares of the transportation company’s stock worth $31,000 after acquiring an additional 207 shares during the last quarter. EverSource Wealth Advisors LLC grew its stake in shares of Canadian National Railway by 121.0% during the third quarter. EverSource Wealth Advisors LLC now owns 369 shares of the transportation company’s stock worth $40,000 after acquiring an additional 202 shares during the last quarter. Keener Financial Planning LLC purchased a new stake in shares of Canadian National Railway during the fourth quarter worth about $46,000. Finally, Rational Advisors LLC purchased a new stake in shares of Canadian National Railway during the third quarter worth about $41,000. Hedge funds and other institutional investors own 80.74% of the company’s stock.

Canadian National Railway Company Profile

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.