The Canadian National Railway (NYSE: CNI) (TSE: CNR) saw a sharp increase in short interest in March. As of March 31, there was short interest of 1,890,000 shares, an increase of 68.8% compared to March 15 of 1,120,000 shares. With an average daily volume of 925,400 shares, the short interest ratio is currently 2.0 days. Currently 0.3% of the company’s shares have been sold short.
A number of research companies recently published reports on CKD. Sanford C. Bernstein upgraded the shares of the Canadian National Railway from a “Market Perform” rating to an “Outperform” rating in a research report on Monday, January 11th. Cowen downgraded the shares of Canadian National Railway from an “Outperform” rating to a “Market Perform” rating in a research report on Wednesday January 27, and lowered the company’s price target of $ 116.00 $ 107.00. Bank of America downgraded Canadian National Railway shares from a “buy” rating to a “neutral” rating in a research report on Wednesday January 27th. Goldman Sachs Group researched the shares of the Canadian National Railway on Wednesday March 10th from a “neutral” rating to a “buy” rating. Finally, Benchmark kicked off coverage of Canadian National Railway stocks in a research report on Wednesday, Jan. 27. They gave the company a “hold” rating. Sixteen research analysts have rated the stock with a hold rating and eight with a buy rating. The company has a consensus rating of “Hold” and a consensus price target of $ 121.47.
CNI stock rose $ 0.47 during Friday’s trading to hit $ 117.43. 483,071 shares of the company’s shares were traded, compared with an average volume of 905,746. The company has a quick rate of 0.85, a current rate of 1.05, and a leverage ratio of 0.67. The Canadian National Railway has a 52-week low of $ 75.51 and a 52-week high of $ 119.35. The stock has a 50-day moving average price of $ 115.11 and a two-hundred-day moving average price of $ 110.03. The stock has a market cap of $ 83.36 billion, value for money of 32.80, value for money of 3.36, and a beta of 0.83.
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The Canadian National Railway (NYSE: CNI) (TSE: CNR) last released its quarterly results on Monday, January 25th. The transportation company reported earnings per share for the quarter of $ 1.43, beating the consensus estimate of $ 1.42 by $ 0.01. The company had revenue of $ 3.66 billion for the quarter, compared to analyst estimates of $ 3.64 billion. The Canadian National Railway had a net margin of 24.90% and a return on equity of 19.55%. The company’s quarterly sales increased 2.0% year over year. For the same quarter last year, the company posted earnings of $ 1.25 per share. Equity analysts expect the Canadian National Railway as a group to achieve an EPS of 4.1 for the current fiscal year.
The company recently announced a quarterly dividend, which was paid on Wednesday, March 31st. On Wednesday March 10th, registered investors received a dividend of $ 0.4803. This equates to an annual dividend of $ 1.92 and a yield of 1.64%. The ex-dividend date for this dividend was Tuesday, March 9th. This is a positive change from the Canadian National Railway’s previous quarterly dividend of $ 0.43. The Canadian National Railway’s payout ratio is currently 41.00%.
Institutional investors and hedge funds have recently changed their positions in the stock. Todd Asset Management LLC added 3.2% to its position in the Canadian National Railway in the fourth quarter. Todd Asset Management LLC now owns 205,082 shares in the transportation company valued at $ 22,528,000 after purchasing an additional 6,395 shares last quarter. WCM Investment Management LLC increased its stake in Canadian National Railway by 17.8% in the fourth quarter. WCM Investment Management LLC now owns 2,357,863 shares in the transportation company valued at $ 259,011,000 after acquiring an additional 355,860 shares last quarter. KJ Harrison & Partners Inc increased its stake in Canadian National Railway by 2.9% in the fourth quarter. KJ Harrison & Partners Inc now owns 14,287 shares in the transportation company valued at $ 1,567,000 after purchasing an additional 400 shares last quarter. First Trust Advisors LP acquired a new stake in Canadian National Railway in the fourth quarter valued at approximately $ 54,001,000. Finally, Merrion Investment Management Co LLC acquired a new position in Canadian National Railway stocks valued at approximately $ 275,000 in the fourth quarter. Hedge funds and other institutional investors own 54.23% of the company’s stock.
Via the Canadian National Railway
The Canadian National Railway Company, together with its subsidiaries, operates in the rail and related transportation business. The product portfolio includes petroleum and chemicals, grain and fertilizers, coal, metals and minerals, forest products, intermodal products and automotive products for exporters, importers, retailers, farmers and manufacturers.
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