Published On: Mon, Sep 19th, 2016

Canadian National Railway’s (CNI) “Equal Weight” Rating Reiterated at Barclays PLC

Canadian National Railway Co. (NYSE:CNI)‘s stock had its “equal weight” rating reaffirmed by Barclays PLC in a report issued on Thursday.
Several other brokerages have also recently issued reports on CNI. Cowen and Company raised their target price on Canadian National Railway from $67.00 to $68.00 and gave the stock an “outperform” rating in a research report on Tuesday, July 26th. Nomura raised their target price on Canadian National Railway from $57.00 to $64.00 and gave the stock a “neutral” rating in a research report on Tuesday, April 26th. Scotiabank cut Canadian National Railway from a “sector outperform” rating to a “sector perform” rating in a research report on Tuesday, April 12th. Zacks Investment Research cut Canadian National Railway from a “buy” rating to a “hold” rating in a research report on Thursday, April 28th. Finally, CIBC cut Canadian National Railway from a “sector outperform” rating to a “sector perform” rating in a research report on Tuesday, April 26th. Two investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating and ten have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $73.99.
Canadian National Railway (NYSE:CNI) traded up 0.08% on Thursday, hitting $62.67. 785,245 shares of the company traded hands. Canadian National Railway has a 1-year low of $46.23 and a 1-year high of $66.22. The firm’s 50 day moving average price is $63.74 and its 200 day moving average price is $61.34. The firm has a market capitalization of $48.36 billion, a PE ratio of 17.87 and a beta of 1.12.

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Canadian National Railway (NYSE:CNI) last announced its earnings results on Monday, July 25th. The company reported $1.11 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.09 by $0.02. The business had revenue of $2.84 billion for the quarter, compared to analysts’ expectations of $3 billion. Canadian National Railway had a return on equity of 24.13% and a net margin of 29.55%. The business’s revenue for the quarter was down 9.1% on a year-over-year basis. During the same period last year, the firm posted $1.15 earnings per share. Equities research analysts predict that Canadian National Railway will post $3.40 EPS for the current fiscal year.
The company also recently disclosed a dividend, which will be paid on Friday, September 30th. Shareholders of record on Friday, September 9th will be paid a $0.288 dividend. The ex-dividend date of this dividend is Wednesday, September 7th. Canadian National Railway’s payout ratio is 33.72%.
Hedge funds have recently added to or reduced their stakes in the company. Synovus Financial Corp increased its stake in Canadian National Railway by 0.4% in the second quarter. Synovus Financial Corp now owns 4,531 shares of the company’s stock worth $268,000 after buying an additional 16 shares during the last quarter. Advisor Partners LLC increased its stake in Canadian National Railway by 0.5% in the second quarter. Advisor Partners LLC now owns 5,769 shares of the company’s stock worth $339,000 after buying an additional 26 shares during the last quarter. First Allied Advisory Services Inc. increased its stake in Canadian National Railway by 0.8% in the second quarter. First Allied Advisory Services Inc. now owns 5,296 shares of the company’s stock worth $311,000 after buying an additional 42 shares during the last quarter. Fulton Bank N.A. increased its stake in Canadian National Railway by 0.5% in the second quarter. Fulton Bank N.A. now owns 10,474 shares of the company’s stock worth $618,000 after buying an additional 50 shares during the last quarter. Finally, Norris Perne & French LLP MI increased its stake in Canadian National Railway by 2.5% in the second quarter. Norris Perne & French LLP MI now owns 4,150 shares of the company’s stock worth $245,000 after buying an additional 100 shares during the last quarter. 55.91% of the stock is currently owned by institutional investors and hedge funds.
Canadian National Railway Company Profile
Canadian National Railway Company is engaged in the rail and related transportation business. The Company’s network of approximately 20,000 route miles of track spans Canada and mid-America, connecting approximately three coasts, including the Atlantic, the Pacific and the Gulf of Mexico. The Company’s freight includes approximately seven commodity groups, such as petroleum and chemicals, metals and minerals, forest products, coal, grain and fertilizers, intermodal and automotive.

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