Canadian National Railway Company (NYSE: CNI) has received an average rating of "Moderate Buy" from 18 brokerages currently covering the stock. The sentiment is split, with nine analysts recommending a "hold" and nine suggesting a "buy." The average 1-year target price among these brokerages stands at $137.49.
Recent analyst reports show mixed opinions. Benchmark reaffirmed a "hold" rating, while Canadian Imperial Bank of Commerce upgraded its price objective to C$185.00 with an "outperformer" rating. Stephens changed its rating to "hold," and Bank of America reduced its target price to $143.00 but maintained a "buy" rating. Citizens Jmp initiated coverage with a "market perform" rating.
Institutional investors have been active in adjusting their holdings. Lazard Asset Management increased its stake by 2.0%, Arrowstreet Capital by 2.9%, TD Waterhouse Canada by 2.8%, Canoe Financial by 17.2%, and Swiss National Bank by 26.3%. Collectively, hedge funds and institutional investors own 80.74% of the stock.
Shares of Canadian National Railway opened at $117.77 on Friday. The company has a market cap of $71.15 billion, a P/E ratio of 20.88, and a dividend yield of 3.1%. The stock has a 52-week range of $90.74 to $131.55. The company recently reported quarterly earnings of $1.50 per share, beating estimates by $0.11, with revenue of $3.35 billion.