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

Shares of Canadian National Railway Company (NYSE:CNI) (TSE:CNR) have earned a consensus rating of “Hold” from the twenty-one ratings firms that are presently covering the stock, MarketBeat Ratings reports. One research analyst has rated the stock with a sell recommendation, thirteen have given a hold recommendation and seven have issued a buy recommendation on the company. The average twelve-month price objective among brokerages that have updated their coverage on the stock in the last year is $80.69.

CNI has been the subject of several recent analyst reports. Cowen and Company upped their price target on Canadian National Railway from $77.00 to $81.00 and gave the stock an “outperform” rating in a research note on Tuesday, April 25th. Stifel Nicolaus upped their price target on Canadian National Railway from $73.00 to $74.00 and gave the stock a “hold” rating in a research note on Tuesday, April 25th. Barclays PLC dropped their price target on Canadian National Railway from $71.00 to $69.00 and set an “equal weight” rating for the company in a research note on Tuesday, April 25th. Credit Suisse Group restated a “neutral” rating and issued a $78.00 price target (up from $77.00) on shares of Canadian National Railway in a research note on Sunday, May 28th. Finally, BidaskClub upgraded Canadian National Railway from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, June 13th.

Hedge funds have recently added to or reduced their stakes in the company. LVM Capital Management Ltd. MI raised its stake in Canadian National Railway by 0.5% in the first quarter. LVM Capital Management Ltd. MI now owns 8,534 shares of the transportation company’s stock worth $631,000 after buying an additional 40 shares during the last quarter. Quadrant Capital Group LLC raised its stake in Canadian National Railway by 3.4% in the first quarter. Quadrant Capital Group LLC now owns 2,844 shares of the transportation company’s stock worth $200,000 after buying an additional 93 shares during the last quarter. Gulf International Bank UK Ltd raised its stake in Canadian National Railway by 1.3% in the first quarter. Gulf International Bank UK Ltd now owns 239,150 shares of the transportation company’s stock worth $17,626,000 after buying an additional 3,100 shares during the last quarter. Douglass Winthrop Advisors LLC raised its stake in Canadian National Railway by 0.3% in the first quarter. Douglass Winthrop Advisors LLC now owns 505,743 shares of the transportation company’s stock worth $37,390,000 after buying an additional 1,523 shares during the last quarter. Finally, Creative Planning raised its stake in Canadian National Railway by 14.3% in the first quarter. Creative Planning now owns 13,089 shares of the transportation company’s stock worth $968,000 after buying an additional 1,636 shares during the last quarter. Institutional investors and hedge funds own 55.30% of the company’s stock.

Shares of Canadian National Railway (CNI) opened at 79.50 on Friday. Canadian National Railway has a 52 week low of $61.11 and a 52 week high of $84.48. The company has a 50-day moving average of $81.16 and a 200-day moving average of $75.59. The stock has a market capitalization of $59.70 billion, a P/E ratio of 19.62 and a beta of 1.11.

The business also recently declared a quarterly dividend, which will be paid on Friday, September 29th. Investors of record on Friday, September 8th will be issued a dividend of $0.3276 per share. This represents a $1.31 annualized dividend and a yield of 1.65%. The ex-dividend date is Thursday, September 7th. This is a positive change from Canadian National Railway’s previous quarterly dividend of $0.31. Canadian National Railway’s dividend payout ratio is presently 31.77%.

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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.

Analyst Recommendations for Canadian National Railway (NYSE:CNI)

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