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.

WARNING: This report was first published by StockNewsTimes and is the sole property of of StockNewsTimes. If you are accessing this story on another domain, it was illegally stolen and reposted in violation of U.S. and global trademark and copyright laws.

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

Other reports by Click Lancashire

Discuss This Article