Recent Analysts' Ratings Updates for Canadian National Railway Company (CNI), Report finds

Postado Setembro 17, 2017

JPMorgan Chase & Co. lowered its stake in shares of Canadian National Railway Company (NYSE:CNI) (TSE:CNR) by 6.8% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. Qs Investors Ltd Com owns 1,115 shares or 0% of their United States portfolio. Canadian National Railway had a return on equity of 27.63% and a net margin of 30.97%.

CNR has been the topic of several other reports. The shares were sold at an average price of C$99.13, for a total value of C$1,139,995.00. The company reported C$1.34 EPS for the quarter, beating the consensus estimate of C$1.31 by C$0.03. On average, equities research analysts anticipate that Canadian National Railway will post $5.12 EPS for the current year. AQR Capital Management LLC lifted its position in shares of Canadian National Railway by 9.9% during the 1st quarter. Moreover, Cardinal Capital Management Llc Ct has 1.93% invested in the company for 2.48 million shares. City Holding Co. lifted its holdings in shares of Canadian National Railway by 15.4% during the 2nd quarter. Bronfman E.L. Rothschild L.P. now owns 1,404 shares of the transportation company's stock valued at $104,000 after purchasing an additional 1,203 shares during the last quarter. The Company's services and products are used principally by financial institutions, retailers, billers and electronic payment processors, both in domestic and global markets. Canaccord Genuity upgraded Canadian National Railway Company (TSE:CNR) rating on Thursday, January 14. Corsair Capital Management Lp sold 129,342 shares as Aramark (ARMK)'s stock rose 2.38%. Canadian National Railway (USA) (NYSE:CNI) has risen 30.03% since September 15, 2016 and is uptrending. The stock has a 50 day moving average of $69.20 and a 200 day moving average of $65.87. It has a 19.3 P/E ratio.

Most recently the business also announced dividend for the quarter, expected to be paid on early Fri, Sep 29th. Investors of record on Friday, September 8th will be issued a dividend of $0.4125 per share. The ex-dividend date is Thursday, September 7th. This represents a $1.24 dividend on an annualized basis and a yield of 1.79%.

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Canadian National Railway Company (TSE:CNR) (NYSE:CNI) had its target price trimmed by National Bank Financial from C$108.00 to C$105.00 in a research report sent to investors on Wednesday.

Quite a few analysts commented on CNI.

A number of research firms recently issued reports on CNR. Credit Suisse Group reaffirmed a "neutral" rating and set a $84.00 target price (up previously from $78.00) on shares of Canadian National Railway in a research note on Thursday, July 13th. Scotiabank raised their price target on Canadian National Railway from C$110.00 to C$115.00 and gave the stock an "outperform" rating in a report on Thursday, June 15th.

Stocks of Canadian National Railway (NYSE:CNI) declined 1.62% throughout intraday market trading on early Wednesday, reaching $80.52. Four analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. The average twelve-month price objective among brokers that have covered the stock in the past year is C$103.91.

Canadian National Railway Co 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, 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.