Canadian National Railway (CNI) Rating Increased to Outperform at Macquarie

Share on StockTwits

Macquarie upgraded shares of Canadian National Railway (NYSE:CNI) (TSE:CNR) from a neutral rating to an outperform rating in a research report sent to investors on Thursday, September 20th, Marketbeat reports.

CNI has been the topic of a number of other research reports. Stifel Nicolaus initiated coverage on Canadian National Railway in a report on Thursday, May 24th. They issued a hold rating and a $84.00 price target on the stock. Deutsche Bank upgraded Canadian National Railway from a sell rating to a hold rating and set a $69.00 target price on the stock in a report on Thursday, May 24th. Deutsche Bank upgraded Canadian National Railway from a sell rating to a hold rating and set a $81.00 target price on the stock in a report on Thursday, May 24th. Barclays lowered their target price on Canadian National Railway from $80.00 to $77.00 and set an equal weight rating on the stock in a report on Wednesday, July 25th. Finally, ValuEngine cut Canadian National Railway from a buy rating to a hold rating in a report on Thursday, August 2nd. Eleven research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. Canadian National Railway has an average rating of Buy and a consensus price target of $91.98.

NYSE CNI traded up $0.52 on Thursday, hitting $84.81. 1,538,905 shares of the company’s stock were exchanged, compared to its average volume of 1,230,812. The company has a current ratio of 0.64, a quick ratio of 0.52 and a debt-to-equity ratio of 0.54. Canadian National Railway has a fifty-two week low of $70.59 and a fifty-two week high of $91.90. The stock has a market capitalization of $65.79 billion, a price-to-earnings ratio of 22.09, a PEG ratio of 2.26 and a beta of 1.03.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last released its earnings results on Tuesday, July 24th. The transportation company reported $1.51 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.05 by $0.46. The company had revenue of $3.63 billion for the quarter, compared to analysts’ expectations of $3.57 billion. Canadian National Railway had a return on equity of 22.90% and a net margin of 42.08%. The firm’s quarterly revenue was up 9.1% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.34 EPS. Equities analysts forecast that Canadian National Railway will post 4.26 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 28th. Shareholders of record on Friday, September 7th were given a $0.3429 dividend. This represents a $1.37 annualized dividend and a yield of 1.62%. The ex-dividend date of this dividend was Thursday, September 6th. Canadian National Railway’s dividend payout ratio (DPR) is presently 35.94%.

A number of large investors have recently added to or reduced their stakes in CNI. Northern Trust Corp raised its position in Canadian National Railway by 2.2% in the first quarter. Northern Trust Corp now owns 975,434 shares of the transportation company’s stock valued at $71,334,000 after purchasing an additional 21,279 shares during the period. IFP Advisors Inc raised its position in Canadian National Railway by 11.3% in the first quarter. IFP Advisors Inc now owns 7,643 shares of the transportation company’s stock valued at $559,000 after purchasing an additional 777 shares during the period. Hall Laurie J Trustee grew its stake in shares of Canadian National Railway by 86.7% during the first quarter. Hall Laurie J Trustee now owns 2,800 shares of the transportation company’s stock valued at $205,000 after acquiring an additional 1,300 shares in the last quarter. Brinker Capital Inc. grew its stake in shares of Canadian National Railway by 4.1% during the first quarter. Brinker Capital Inc. now owns 33,352 shares of the transportation company’s stock valued at $2,439,000 after acquiring an additional 1,322 shares in the last quarter. Finally, WCM Investment Management CA grew its stake in shares of Canadian National Railway by 3.5% during the first quarter. WCM Investment Management CA now owns 922,994 shares of the transportation company’s stock valued at $67,499,000 after acquiring an additional 31,507 shares in the last quarter. 53.99% of the stock is currently owned by institutional investors.

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.

Featured Story: What is the yield curve?

Analyst Recommendations for Canadian National Railway (NYSE:CNI)

Receive News & Ratings for Canadian National Railway Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Canadian National Railway and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply