Canadian National Railway (NYSE:CNI) Upgraded at Citigroup

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

CNI has been the subject of several other research reports. Barclays lifted their price target on shares of Canadian National Railway from $120.00 to $121.00 and gave the company an “equal weight” rating in a research note on Wednesday, September 25th. Stephens reiterated an “equal weight” rating and issued a $116.00 target price on shares of Canadian National Railway in a report on Wednesday, October 23rd. Veritas upgraded Canadian National Railway from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, October 23rd. Stifel Nicolaus upped their price objective on shares of Canadian National Railway from $130.00 to $132.00 and gave the stock a “hold” rating in a research note on Wednesday, October 23rd. Finally, Wells Fargo & Company raised shares of Canadian National Railway from an “equal weight” rating to an “overweight” rating and set a $125.00 target price on the stock in a research report on Monday, October 7th. One analyst has rated the stock with a sell rating, fourteen have issued a hold rating, four have assigned a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat, Canadian National Railway has an average rating of “Hold” and a consensus price target of $125.48.

Canadian National Railway Price Performance

Shares of Canadian National Railway stock traded down $0.64 on Tuesday, hitting $109.41. 327,524 shares of the company traded hands, compared to its average volume of 1,111,930. The company has a debt-to-equity ratio of 0.96, a quick ratio of 0.49 and a current ratio of 0.64. The stock has a market capitalization of $68.80 billion, a P/E ratio of 17.49, a price-to-earnings-growth ratio of 2.52 and a beta of 0.89. The business has a 50-day simple moving average of $114.17 and a 200 day simple moving average of $117.83. Canadian National Railway has a 52 week low of $107.54 and a 52 week high of $134.02.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last released its quarterly earnings results on Tuesday, October 22nd. The transportation company reported $1.72 EPS for the quarter, topping the consensus estimate of $1.70 by $0.02. Canadian National Railway had a return on equity of 23.62% 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 last year, the business posted $1.26 earnings per share. The firm’s revenue was up 3.1% on a year-over-year basis. Research analysts expect that Canadian National Railway will post 5.49 earnings per share for the current fiscal year.

Canadian National Railway Cuts Dividend

The business also recently disclosed 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. The ex-dividend date of this dividend is Monday, December 9th. This represents a $2.44 dividend on an annualized basis and a dividend yield of 2.23%. Canadian National Railway’s payout ratio is currently 39.26%.

Institutional Trading of Canadian National Railway

A number of institutional investors and hedge funds have recently added to or reduced their stakes in CNI. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in shares of Canadian National Railway in the 2nd quarter valued at $26,000. Addison Advisors LLC increased its stake in Canadian National Railway by 159.1% during the 2nd 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 raised its position in Canadian National Railway by 738.7% in the 3rd quarter. Fortitude Family Office LLC now owns 260 shares of the transportation company’s stock valued at $30,000 after purchasing an additional 229 shares in the last quarter. ORG Partners LLC acquired a new position in Canadian National Railway during the 2nd quarter worth approximately $34,000. Finally, Coastline Trust Co purchased a new stake in shares of Canadian National Railway in the 3rd quarter valued at approximately $34,000. 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.