Canadian National Railway Company (CNI) Lowered to Buy at BidaskClub

BidaskClub lowered shares of Canadian National Railway Company (NYSE:CNI) (TSE:CNR) from a strong-buy rating to a buy rating in a report issued on Thursday.

Several other brokerages have also issued reports on CNI. Stifel Nicolaus lifted their price target on Canadian National Railway Company from $74.00 to $79.00 and gave the company a hold rating in a report on Thursday, June 15th. Credit Suisse Group reiterated a neutral rating and set a $78.00 price target (up from $77.00) on shares of Canadian National Railway Company in a report on Sunday, May 28th. Cowen and Company lifted their price target on Canadian National Railway Company from $77.00 to $81.00 and gave the company an outperform rating in a report on Tuesday, April 25th. Barclays PLC reiterated an equal weight rating and set a $81.00 price target (up from $69.00) on shares of Canadian National Railway Company in a report on Wednesday, May 17th. Finally, Wells Fargo & Company began coverage on Canadian National Railway Company in a report on Monday, March 13th. They set a market perform rating for the company. Fifteen research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. The company currently has an average rating of Hold and a consensus price target of $80.87.

Analyst Recommendations for Canadian National Railway Company (NYSE:CNI)

Canadian National Railway Company (NYSE:CNI) traded up 0.83% on Thursday, reaching $80.49. 440,899 shares of the company traded hands. Canadian National Railway Company has a 52-week low of $55.73 and a 52-week high of $82.11. The stock has a market capitalization of $60.86 billion, a price-to-earnings ratio of 22.17 and a beta of 1.12. The firm has a 50 day moving average price of $76.80 and a 200 day moving average price of $72.41.

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The firm also recently declared a quarterly dividend, which will be paid on Friday, June 30th. Stockholders of record on Friday, June 9th will be issued a dividend of $0.3059 per share. The ex-dividend date is Wednesday, June 7th. This represents a $1.22 dividend on an annualized basis and a dividend yield of 1.53%. Canadian National Railway Company’s dividend payout ratio (DPR) is presently 33.15%.

Hedge funds and other institutional investors have recently modified their holdings of the company. Bronfman E.L. Rothschild L.P. raised its position in shares of Canadian National Railway Company by 598.5% in the first quarter. Bronfman E.L. Rothschild L.P. now owns 1,404 shares of the transportation company’s stock worth $104,000 after buying an additional 1,203 shares during the period. UBS Asset Management Americas Inc. acquired a new position in shares of Canadian National Railway Company during the first quarter worth approximately $123,000. Proficio Capital Partners LLC raised its position in shares of Canadian National Railway Company by 151.9% in the first quarter. Proficio Capital Partners LLC now owns 1,768 shares of the transportation company’s stock worth $135,000 after buying an additional 1,066 shares during the period. SRS Capital Advisors Inc. acquired a new position in shares of Canadian National Railway Company during the fourth quarter worth approximately $137,000. Finally, Sowell Financial Services LLC acquired a new position in shares of Canadian National Railway Company during the fourth quarter worth approximately $142,000. Institutional investors own 55.29% of the company’s stock.

About Canadian National Railway Company

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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