As Canadian National Railway (CNI) Shares Declined, Shareholder Scheer Rowlett & Associates Investment

Marco Green
April 20, 2018

Canadian National Railway (NYSE:CNI) (TSE:CNR)'s stock had its "equal weight" rating reaffirmed by equities researchers at Barclays PLC in a research report issued on Tuesday. Finally, TD Securities upgraded shares of Canadian National Railway from a hold rating to a buy rating in a research note on Thursday, November 30th.

Among 27 analysts covering Canadian National Railway (NYSE:CNI), 11 have Buy rating, 3 Sell and 13 Hold. They noted that the move was a valuation call. One analyst has rated the stock with a sell rating, seventeen have given a hold rating and six have assigned a buy rating to the stock. On Tuesday, March 6 the firm earned "Underperform" rating by Bank of America. The company was maintained on Tuesday, April 26 by Credit Suisse. The company now has an average rating of Hold and a consensus target price of $82.35. The stock had a trading volume of 3,099,728 shares. CNI has 1.97 million volume or 20.31% up from normal. The company has a market capitalization of $55,772.94, a PE ratio of 19.84, a P/E/G ratio of 2.00 and a beta of 1.04. Barclays PLC's price target points to a potential downside of 5.61% from the company's current price.

Analysts await Canadian National Railway Company (NYSE:CNI) to report earnings on April, 23 after the close. BlackRock Inc.'s holdings in Canadian National Railway were worth $17,046,000 at the end of the most recent quarter. 55% are bullish. 16 are the (NYSE:CNI)'s analyst reports since October 25, 2017 according to StockzIntelligence Inc.

The business also recently announced a quarterly dividend, which was paid on Thursday, March 29th. The ex-dividend date is Wednesday, June 7th.

Since December 15, 2017, it had 0 insider buys, and 2 insider sales for $1.18 million activity. This represents a $1.47 annualized dividend and a dividend yield of 1.92%. Canadian National Railway's dividend payout ratio is now 36.72%. Harding Loevner LP boosted its holdings in Canadian National Railway by 2,838.1% during the 3rd quarter. Waters Parkerson & Company sold 5,357 shares as the company's stock rose 5.88% while stock markets declined. The railroads company reported $93.84M value for the 2017Q4. Guardian Capital Advisors LP grew its holdings in Canadian National Railway by 0.3% in the third quarter. It also increased its holding in Pfizer Incorporated (NYSE:PFE) by 11,941 shares in the quarter, for a total of 379,593 shares, and has risen its stake in Coca Cola Company (NYSE:KO).

In Canadian National Railway (CNI) was increased the stake held by Scheer Rowlett & Associates Investment Management Ltd. The company's stock sank 12.30% while Scheer Rowlett & Associates Investment Management Ltd bought 41,894 shares. After $0.94 actual earnings per share reported by Canadian National Railway Company for the previous quarter, Wall Street now forecasts -14.89% negative EPS growth. Macquarie Group Ltd. now owns 50,471 shares of the transportation company's stock worth $4,164,000 after purchasing an additional 726 shares during the period.

Several institutional investors have recently added to or reduced their stakes in the company.

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PSG Group Limited, an investment holding company, engages in the banking, education, financial services, and food and related businesses in South Africa and internationally.

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