Canadian National Railway (CNI) Earns Buy Rating from Cowen

Cowen reissued their buy rating on shares of Canadian National Railway (NYSE:CNI) (TSE:CNR) in a research note issued to investors on Tuesday. Cowen currently has a $87.00 price target on the transportation company’s stock.

Several other equities analysts have also commented on the stock. Deutsche Bank reduced their target price on shares of Canadian National Railway from $74.00 to $69.00 and set a sell rating on the stock in a report on Friday, February 16th. Zacks Investment Research raised shares of Canadian National Railway from a sell rating to a hold rating in a report on Monday, January 15th. Raymond James raised shares of Canadian National Railway from a market perform rating to an outperform rating and set a $80.81 price target on the stock in a report on Tuesday, April 3rd. Argus lowered shares of Canadian National Railway from a buy rating to a hold rating in a report on Friday, February 16th. Finally, Credit Suisse Group cut their price target on shares of Canadian National Railway from $85.00 to $83.00 and set a neutral rating on the stock in a report on Wednesday, January 24th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and seven have assigned a buy rating to the company’s stock. Canadian National Railway presently has a consensus rating of Hold and an average target price of $86.10.

Canadian National Railway opened at $83.97 on Tuesday, Marketbeat.com reports. The company has a debt-to-equity ratio of 0.56, a quick ratio of 0.50 and a current ratio of 0.61. Canadian National Railway has a 52 week low of $81.16 and a 52 week high of $82.14. The firm has a market cap of $61.28 billion, a P/E ratio of 21.87, a price-to-earnings-growth ratio of 2.22 and a beta of 1.04.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last released its earnings results on Monday, April 23rd. The transportation company reported $1.00 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.80 by $0.20. Canadian National Railway had a net margin of 41.03% and a return on equity of 23.02%. The company had revenue of $3.19 billion for the quarter, compared to analyst estimates of $3.16 billion. During the same quarter last year, the firm earned $1.15 EPS. The firm’s quarterly revenue was down .4% compared to the same quarter last year. research analysts expect that Canadian National Railway will post 4.02 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Friday, June 29th. Shareholders of record on Friday, June 8th will be issued a $0.3603 dividend. This represents a $1.44 dividend on an annualized basis and a yield of 1.72%. The ex-dividend date is Thursday, June 7th. Canadian National Railway’s dividend payout ratio (DPR) is presently 36.72%.

A number of institutional investors have recently made changes to their positions in CNI. Atria Investments LLC boosted its stake in shares of Canadian National Railway by 15.3% during the 4th quarter. Atria Investments LLC now owns 5,356 shares of the transportation company’s stock valued at $442,000 after purchasing an additional 710 shares in the last quarter. Macquarie Group Ltd. grew its stake in shares of Canadian National Railway by 1.5% in the fourth quarter. Macquarie Group Ltd. now owns 50,471 shares of the transportation company’s stock worth $4,164,000 after acquiring an additional 726 shares during the period. United Capital Financial Advisers LLC grew its stake in shares of Canadian National Railway by 12.2% in the first quarter. United Capital Financial Advisers LLC now owns 7,016 shares of the transportation company’s stock worth $513,000 after acquiring an additional 765 shares during the period. IFP Advisors Inc grew its stake in shares of Canadian National Railway by 11.3% in the first quarter. IFP Advisors Inc now owns 7,643 shares of the transportation company’s stock worth $559,000 after acquiring an additional 777 shares during the period. Finally, Fulton Bank N.A. grew its stake in shares of Canadian National Railway by 11.1% in the first quarter. Fulton Bank N.A. now owns 8,056 shares of the transportation company’s stock worth $589,000 after acquiring an additional 802 shares during the period. 54.48% of the stock is currently owned by institutional investors and hedge funds.

About Canadian National Railway

Canadian National Railway Company engages in rail and related transportation business. The company transports cargo serving exporters, importers, retailers, farmers, and manufacturers. It operates a network of approximately 20,000 route miles of track spans Canada and mid-America connecting the Atlantic, the Pacific, and the Gulf of Mexico.

Analyst Recommendations for Canadian National Railway (NYSE:CNI)

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