CIBC Lowers Canadian National Railway (CNR) Price Target to C$105.00

Cornelia Mascio
Aprile 22, 2018

Canadian National Railway posted earnings per share of $0.88 during the same quarter last year, which indicates a negative year over year growth rate of 9.1%.

Total analysts of 11 have positions in Canadian National Railway (NYSE:CNI) as follows: 6 rated it a "Buy", 2 with "Sell" and 3 with "Hold". Envestnet Asset Management Inc. boosted its stake in Canadian National Railway by 2.7% in the 4th quarter. Canadian National Railway had a return on equity of 65.99% and a net margin of 79.48%. Envestnet Asset Management Inc. now owns 107,203 shares of the transportation company's stock worth $8,846,000 after buying an additional 2,804 shares during the last quarter. This is a positive change from Canadian National Railway's previous quarterly dividend of $0.33. Northwestern Mutual Wealth Management Co. now owns 126,956 shares of the transportation company's stock worth $10,474,000 after purchasing an additional 819 shares during the period. Canadian National Railway's dividend payout ratio (DPR) is presently 36.72%. Atria Investments LLC increased its stake in Canadian National Railway by 15.3% in the 4th quarter. CNI's profit could reach $569.60M if the current EPS of $0.80 is accurate. 1,716,487 shares of the company traded hands. The company has a market capitalization of $55,328.83, a P/E ratio of 19.37, a PEG ratio of 1.99 and a beta of 1.04. The company's 50 day moving average is $73.89 and its 200 day moving average is $70.41.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 30th. The highest EPS estimate is $0.96 and the lowest is $0.72. This represents a $1.47 annualized dividend and a dividend yield of 1.94%. The ex-dividend date of this dividend is Wednesday, June 7th. The company has a debt-to-equity ratio of 0.53, a current ratio of 0.55 and a quick ratio of 0.44.

A number of other equities research analysts have also weighed in on the company.

Canadian National Railway (TSE:CNR) (NYSE:CNI) had its target price decreased by CIBC from C$108.00 to C$105.00 in a research note released on Monday, April 2nd. Macquarie upgraded Canadian National Railway from a "neutral" rating to an "outperform" rating in a research report on Wednesday, January 24th. The stock rating was downgraded by Argus Research to "Hold" on Friday, February 16. The stock of Canadian National Railway Company (NYSE:CNI) earned "Buy" rating by Raymond James on Tuesday, August 11. In Tuesday, April 3 report Raymond James upgraded the stock to "Buy" rating. The stock has a consensus rating of Hold and an average target price of $82.35.

Canadian National Railway Company engages in rail and related transportation business.The company has $53.71 billion market cap. 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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