Brokerages Set Canadian National Railway Company (CNI) Target Price at $82.77

Canadian National Railway Company (NYSE:CNI) (TSE:CNR) has earned an average recommendation of “Hold” from the twenty-two analysts that are currently covering the stock, MarketBeat Ratings reports. Fourteen equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The average 1 year target price among brokerages that have issued a report on the stock in the last year is $80.93.

A number of brokerages have issued reports on CNI. Loop Capital reissued a “hold” rating on shares of Canadian National Railway in a report on Saturday, March 25th. Cowen and Company boosted their target price on shares of Canadian National Railway from $77.00 to $81.00 and gave the company an “outperform” rating in a report on Tuesday, April 25th. Stifel Nicolaus boosted their target price on shares of Canadian National Railway from $73.00 to $74.00 and gave the company a “hold” rating in a report on Tuesday, April 25th. Barclays PLC lowered their target price on shares of Canadian National Railway from $71.00 to $69.00 and set an “equal weight” rating on the stock in a report on Tuesday, April 25th. Finally, Credit Suisse Group reissued a “neutral” rating and set a $78.00 target price (up previously from $77.00) on shares of Canadian National Railway in a report on Sunday, May 28th.

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A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Windward Capital Management Co. CA boosted its position in Canadian National Railway by 1.4% in the second quarter. Windward Capital Management Co. CA now owns 237,395 shares of the transportation company’s stock worth $19,241,000 after buying an additional 3,233 shares in the last quarter. CENTRAL TRUST Co boosted its position in Canadian National Railway by 613.0% in the second quarter. CENTRAL TRUST Co now owns 3,408 shares of the transportation company’s stock worth $276,000 after buying an additional 2,930 shares in the last quarter. Mn Services Vermogensbeheer B.V. purchased a new position in Canadian National Railway during the second quarter worth approximately $10,133,000. Chevy Chase Trust Holdings Inc. purchased a new position in Canadian National Railway during the second quarter worth approximately $237,000. Finally, NN Investment Partners Holdings N.V. boosted its position in Canadian National Railway by 10.2% in the second quarter. NN Investment Partners Holdings N.V. now owns 47,343 shares of the transportation company’s stock worth $3,837,000 after buying an additional 4,394 shares in the last quarter. 55.32% of the stock is currently owned by institutional investors and hedge funds.

Shares of Canadian National Railway (CNI) traded down 0.38% during trading on Friday, hitting $83.36. The stock had a trading volume of 781,179 shares. Canadian National Railway has a 52 week low of $61.11 and a 52 week high of $84.48. The company’s 50 day moving average price is $78.14 and its 200 day moving average price is $72.97. The company has a market capitalization of $63.03 billion, a price-to-earnings ratio of 22.43 and a beta of 1.12.

The company also recently announced a quarterly dividend, which was paid on Friday, June 30th. Investors of record on Friday, June 9th were paid a $0.3059 dividend. The ex-dividend date of this dividend was Wednesday, June 7th. This represents a $1.22 dividend on an annualized basis and a yield of 1.47%. Canadian National Railway’s dividend payout ratio is presently 33.15%.

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 and serving the cities and ports of Vancouver, Prince Rupert (British Columbia), Montreal, Halifax, New Orleans, and Mobile (Alabama), and the metropolitan areas of Toronto, Edmonton, Winnipeg, Calgary, Chicago, Memphis, Detroit, Duluth (Minnesota)/Superior (Wisconsin), and Jackson (Mississippi), with connections to all points in North America.

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