In the market the company is trading up by 1.30% since yesterday’s close of $82.59. Shares last traded at $83.66 just above the 50 day moving average which is $78.14 and which is just over the 200 day moving average of $72.97. The 50 day moving average went up by +6.94% whereas the 200 day average was up by +14.52%.
Canadian National Railway Company, launched on August 24, 1995, is involved in the rail and related transportation business. The Business’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. The Business’s network and connections to all Class I railroads provide its customers access to the three North American Free Trade Agreement (NAFTA) nations. The Company carries over 300 million tons of cargo, serving exporters, importers, retailers, farmers and manufacturers. The Business’s freight includes seven commodity groups representing a portfolio of goods, including petroleum and chemicals, metals and minerals, forest products, coal, grain and fertilizers, intermodal and automotive..
These firms have also modified their investment in CNI. Pennsylvania Trust Co expanded its investment by buying 10,110 shares an increase of 64.2%. Pennsylvania Trust Co currently owns 25,868 shares worth $2,130,000. The value of the position overall is up by 82.8%. As of the end of the quarter Bank Of Montreal /can/ had sold a total of 54,000 shares trimming its position 43.5%. The value in dollars decreased from $9,167,000 to $5,674,000 a change of $3,493,000 since the last quarter.
Lawson Kroeker Investment Management Inc/ne reduced its ownership by shedding 10,877 shares a decrease of 20.3% in the quarter. Lawson Kroeker Investment Management Inc/ne controls 42,575 shares valued at $3,451,000. The total value of its holdings decreased 12.7%. As of quarter end Atria Investments LLC had acquired 41 shares growing its stake by 0.7%. The value of the investment in Canadian National Railway Compa went from $449,000 to $496,000 increasing 10.5% for the reporting period.
On October 28, 2016 Seaport Global initiated coverage on the stock with an initial rating of “Neutral”. On October 17 the company was downgraded from “Outperform” to “Market Perform” by Raymond James.
Equity analyst Loop Capital began coverage of the stock with a rating of “Hold”. On September 13 Citigroup maintained a stock rating of “Neutral” but moved up the price target to $66.00 from $62.00.
September 12 investment analysts at Barclays left the stock rating at “Equal-weight” and moved up the price target from $67.00 to $68.00. On July 26 the stock rating was upgraded to “Outperform” from “Market Perform” in a report issued by Raymond James.
Canadian National Railway Compa recently announced a dividend for shareholders paid on Friday June 30th, 2017. The dividend was $0.285 per share for the quarter or $1.14 annualized. The dividend yield was $1.67. The ex-dividend date was set for Wednesday the 7th of June 2017.
The P/E ratio is currently 22.48 and market cap is 63.18B. In the latest earnings report the EPS was $3.72 and is projected to be $3.93 for the current year with 756,099,000 shares currently outstanding. Next quarter’s EPS is forecasted at $1.04 and the next full year EPS is projected to be $4.32.