Weekly Analysts’ Ratings Updates for Canadian National Railway (CNI)

A number of firms have modified their ratings and price targets on shares of Canadian National Railway (NYSE: CNI) recently:

  • 11/1/2017 – Canadian National Railway is now covered by analysts at Deutsche Bank AG. They set a “sell” rating on the stock.
  • 10/27/2017 – Canadian National Railway was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “Shares of Canadian National Railway Company have underperformed the industry it belongs to over the last three months. The stock has gained 2.9%, well below its industry's rally of 9%. Moreover, it has underperformed fellow Canadian railroad operator Canadian Pacific Railway whose shares have gained 10.4% over the last three months. Adding to its woes, Canadian National reported lower-than-expected earnings per share and revenues in the third quarter of 2017. High operating expenses are hurting the company. Deterioration in operating ratio is also a matter of concern. The company’s efforts to reward shareholders through dividend payments and share buybacks are, however, impressive.”
  • 10/25/2017 – Canadian National Railway had its “outperform” rating reaffirmed by analysts at Royal Bank Of Canada.
  • 10/25/2017 – Canadian National Railway was upgraded by analysts at Desjardins from a “hold” rating to a “buy” rating.
  • 10/25/2017 – Canadian National Railway was downgraded by analysts at Raymond James Financial, Inc. from an “outperform” rating to a “market perform” rating.
  • 10/6/2017 – Canadian National Railway had its “hold” rating reaffirmed by analysts at Stifel Nicolaus. They now have a $89.00 price target on the stock.
  • 9/26/2017 – Canadian National Railway was downgraded by analysts at Zacks Investment Research from a “strong-buy” rating to a “hold” rating. According to Zacks, “Shares of Canadian National Railway Company have outperformed the industry it belongs to on a year-to-date basis. The stock has rallied 21% so far in 2017, whereas its industry gained 20.5%. Moreover, it has outperformed fellow Canadian railroad operator Canadian Pacific Railway whose shares have gained 18.1% so far this year. Meanwhile, strong volume growth continues to aid Canadian National. In fact, the top line is expected to benefit in the coming quarters from increased volumes in key segments like Canadian grain and fertilizers, overseas intermodal traffic, frac sand and coal. Additionally, the company’s efforts to reward shareholders through dividend payments and share buybacks are impressive. Its high debt levels, however, raise concerns. Deteriration in operating ratio is also a matter for concern at Canadian National.”
  • 9/24/2017 – Canadian National Railway had its “buy” rating reaffirmed by analysts at Cowen and Company. They now have a $83.00 price target on the stock.

Shares of Canadian National Railway Company (NYSE:CNI) opened at 80.49 on Wednesday. Canadian National Railway Company has a 52-week low of $61.72 and a 52-week high of $84.48. The company has a market capitalization of $60.45 billion, a price-to-earnings ratio of 20.36 and a beta of 1.13. The company’s 50 day moving average price is $81.50 and its 200 day moving average price is $79.40.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 29th. Shareholders of record on Friday, December 8th will be issued a dividend of $0.3304 per share. This is a positive change from Canadian National Railway’s previous quarterly dividend of $0.33. The ex-dividend date of this dividend is Thursday, December 7th. This represents a $1.32 annualized dividend and a dividend yield of 1.64%. Canadian National Railway’s dividend payout ratio (DPR) is presently 33.85%.

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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