Benchmark Reaffirms Hold Rating for Canadian National Railway (NYSE:CNI)

Benchmark reissued their hold rating on shares of Canadian National Railway (NYSE:CNI) (TSE:CNR) in a research note published on Thursday morning, Benzinga reports.

CNI has been the subject of a number of other research reports. Citigroup boosted their price target on Canadian National Railway from $125.00 to $126.00 and gave the stock a “neutral” rating in a research report on Thursday. Stifel Nicolaus boosted their price target on Canadian National Railway from $130.00 to $132.00 and gave the stock a “hold” rating in a research report on Wednesday. Scotiabank upgraded Canadian National Railway from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, July 10th. Sanford C. Bernstein cut their price objective on Canadian National Railway from $130.67 to $126.29 and set a “market perform” rating for the company in a report on Wednesday, October 9th. Finally, Wells Fargo & Company upgraded Canadian National Railway from an “equal weight” rating to an “overweight” rating and set a $125.00 price objective for the company in a report on Monday, October 7th. One equities research analyst has rated the stock with a sell rating, fifteen have assigned a hold rating, three have issued a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $125.18.

Canadian National Railway Trading Up 0.1 %

NYSE:CNI opened at $110.97 on Thursday. Canadian National Railway has a 12-month low of $103.96 and a 12-month high of $134.02. The firm has a market capitalization of $70.18 billion, a P/E ratio of 17.70, a P/E/G ratio of 2.50 and a beta of 0.88. The company has a debt-to-equity ratio of 0.93, a current ratio of 0.63 and a quick ratio of 0.48. The business has a 50 day simple moving average of $115.93 and a 200 day simple moving average of $119.45.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last announced its quarterly earnings results on Tuesday, October 22nd. The transportation company reported $1.72 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.70 by $0.02. Canadian National Railway had a return on equity of 23.49% and a net margin of 31.65%. The company had revenue of $4.11 billion during the quarter, compared to analyst estimates of $4.08 billion. During the same quarter in the previous year, the firm posted $1.26 EPS. The firm’s quarterly revenue was up 3.1% on a year-over-year basis. Equities research analysts predict that Canadian National Railway will post 5.5 EPS for the current year.

Canadian National Railway Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 30th. Investors of record on Monday, December 9th will be given a dividend of $0.6108 per share. This represents a $2.44 annualized dividend and a yield of 2.20%. The ex-dividend date is Monday, December 9th. Canadian National Railway’s payout ratio is 39.71%.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the business. Manning & Napier Advisors LLC acquired a new position in Canadian National Railway during the second quarter valued at $134,096,000. Koshinski Asset Management Inc. acquired a new position in Canadian National Railway during the first quarter valued at $627,000. Mediolanum International Funds Ltd acquired a new position in Canadian National Railway during the first quarter valued at $4,451,000. Sterling Investment Management LLC raised its position in Canadian National Railway by 17.2% during the third quarter. Sterling Investment Management LLC now owns 36,279 shares of the transportation company’s stock valued at $4,250,000 after buying an additional 5,329 shares during the period. Finally, Sumitomo Life Insurance Co. acquired a new position in Canadian National Railway during the second quarter valued at $1,321,000. 80.74% of the stock is owned by institutional investors and hedge funds.

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.