Canadian National Railway (NYSE:CNI) Stock Rating Lowered by Loop Capital

Loop Capital downgraded shares of Canadian National Railway (NYSE:CNI) (TSE:CNR) from a hold rating to a sell rating in a report published on Monday morning, Marketbeat Ratings reports.

CNI has been the topic of a number of other research reports. Royal Bank of Canada reduced their price target on Canadian National Railway from $174.00 to $171.00 and set an “outperform” rating on the stock in a research report on Friday, January 31st. JPMorgan Chase & Co. upgraded Canadian National Railway from a “neutral” rating to an “overweight” rating in a report on Tuesday, January 7th. Stephens reaffirmed an “equal weight” rating and issued a $116.00 price target on shares of Canadian National Railway in a report on Wednesday, October 23rd. Barclays cut their price objective on shares of Canadian National Railway from $121.00 to $112.00 and set an “equal weight” rating on the stock in a report on Friday, January 17th. Finally, Benchmark restated a “hold” rating on shares of Canadian National Railway in a report on Thursday, October 24th. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating, seven have assigned a buy rating and four have given a strong buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $124.19.

Canadian National Railway Stock Performance

NYSE:CNI opened at $103.96 on Monday. The company’s 50-day moving average is $104.07 and its two-hundred day moving average is $110.50. Canadian National Railway has a 1-year low of $98.69 and a 1-year high of $134.02. The company has a debt-to-equity ratio of 0.94, a current ratio of 0.66 and a quick ratio of 0.48. The firm has a market capitalization of $65.38 billion, a price-to-earnings ratio of 20.31, a PEG ratio of 2.47 and a beta of 0.91.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last announced its earnings results on Thursday, January 30th. The transportation company reported $1.30 earnings per share for the quarter, missing the consensus estimate of $1.39 by ($0.09). Canadian National Railway had a return on equity of 22.48% and a net margin of 26.09%. Analysts forecast that Canadian National Railway will post 5.52 EPS for the current year.

Canadian National Railway Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Monday, March 10th will be given a dividend of $0.6159 per share. This represents a $2.46 dividend on an annualized basis and a yield of 2.37%. This is a boost from Canadian National Railway’s previous quarterly dividend of $0.61. The ex-dividend date of this dividend is Monday, March 10th. Canadian National Railway’s dividend payout ratio (DPR) is presently 46.68%.

Hedge Funds Weigh In On Canadian National Railway

Institutional investors have recently bought and sold shares of the company. Fortitude Family Office LLC lifted its stake in shares of Canadian National Railway by 738.7% in the third quarter. Fortitude Family Office LLC now owns 260 shares of the transportation company’s stock valued at $30,000 after purchasing an additional 229 shares during the period. Arlington Trust Co LLC acquired a new stake in Canadian National Railway in the fourth quarter valued at $30,000. Addison Advisors LLC boosted its position in shares of Canadian National Railway by 80.2% in the 4th quarter. Addison Advisors LLC now owns 319 shares of the transportation company’s stock worth $32,000 after buying an additional 142 shares in the last quarter. Coastline Trust Co purchased a new position in Canadian National Railway during the 3rd quarter valued at about $34,000. Finally, Thurston Springer Miller Herd & Titak Inc. raised its position in Canadian National Railway by 48.2% during the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 332 shares of the transportation company’s stock worth $34,000 after acquiring an additional 108 shares during the last quarter. 80.74% of the stock is owned by institutional investors and hedge funds.

About Canadian National Railway

Canadian National Railway Company, together with its subsidiaries, engages in the rail, intermodal, trucking, and marine transportation and logistics business in Canada and the United States. The company provides rail services, which include equipment, custom brokerage services, transloading and distribution, business development and real estate, and private car storage services; and intermodal services, such as temperature controlled cargo, port partnerships, and logistics parks.