Canadian National Railway Company (NYSE:CNI) Updates FY17 Earnings Guidance

Xavier Trudeau
Août 13, 2017

Compass Capital Management bought a new stake in Canadian National Railway Company (NYSE:CNI) (TSE:CNR) through out the Fiscal Q2, based on the latest 13F form document with the Security and Exchange Commission. the company purchased 2,535 stocks of the transportation firms shares valued at roughly $205,000. The firm owned 378,659 shares of the transportation company's stock after selling 199,358 shares during the period. CIBC Asset Management Inc owned approximately 1.50% of Canadian Pacific Railway Limited worth $352,265,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in CP. Parallel Advisors LLC raised its position in shares of Canadian Pacific Railway Limited by 37.0% in the first quarter. Parallel Advisors LLC now owns 870 shares of the transportation company's stock worth $134,000 after buying an additional 235 shares in the last quarter. Finally, Connable Office Inc. bought a new position in shares of Canadian Pacific Railway Limited during the second quarter valued at approximately $1,407,000. Edmond DE Rothschild Holding S.A. increased its position in Canadian Pacific Railway Limited by 3.2% in the first quarter. Advisors Asset Management Inc. now owns 11,507 shares of the transportation company's stock valued at $1,850,000 after buying an additional 151 shares during the period. Schafer Cullen Capital Management Inc. purchased a new position in Canadian Pacific Railway Limited during the first quarter worth $201,000. Hedge funds and other institutional investors own 70.54% of the company's stock.

Canadian National Railway Company (CNI) opened at 79.50 on Friday. The company has a market capitalization of $22.50 billion, a price-to-earnings ratio of 17.34 and a beta of 1.09. Canadian Pacific Railway Limited has a 52-week low of $186.21 and a 52-week high of $218.78. The company has a 50 day moving average of $81.16 and a 200 day moving average of $75.59.

Canadian National Railway Company engages in rail and related transportation business. This repurchase authorization permits the transportation company to purchase shares of its stock through open market purchases. Stock buyback plans are usually an indication that the company's board of directors believes its shares are undervalued.

The business also recently declared a quarterly dividend, which will be paid on Monday, October 30th. Stockholders of record on Friday, September 29th will be paid a dividend of $0.4411 per share. This is a positive change from Canadian National Railway's previous quarterly dividend of $0.31. Canadian National Railway's yield ratio (DPR) is presently 31.77%. The ex-dividend date is Thursday, September 28th. Canadian National Railway's dividend payout ratio is presently 31.77%. If you are accessing this story on another site, it was copied illegally and reposted in violation of US & global trademark & copyright law. If you are viewing this piece on another website, it was stolen and reposted in violation of USA and worldwide copyright laws. The legal version of this story can be viewed at https://www.baseball-news-blog.com/2017/08/13/canadian-national-railway-company-tsecnr-receives-consensus-rating-of-hold-from-analysts-updated.html.

CNI has been the subject of several research reports. BidaskClub downgraded Canadian Pacific Railway Limited from a "hold" rating to a "sell" rating in a research note on Tuesday, August 1st. They noted that the move was a valuation call. Credit Suisse Group reissued an "outperform" rating and set a $183.00 target price (up previously from $178.00) on shares of Canadian Pacific Railway Limited in a research note on Thursday, July 13th. Morgan Stanley decreased their price objective on shares of Canadian Pacific Railway Limited from $215.00 to $214.00 and set an "overweight" rating for the company in a report on Tuesday, July 25th. Lastly, Research firm Zacks lifted Canadian National Railway from a "hold" recommendation to a "buy" recommendation and fixed a $93.00 PT on the shares in a note on Tue, Jul 11th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and nineteen have issued a buy rating to the stock. BidaskClub downgraded shares of Canadian National Railway from a "strong-buy" rating to a "buy" rating in a research report on Thursday, June 22nd. Finally, Royal Bank Of Canada reaffirmed an "outperform" rating on shares of Canadian Pacific Railway Limited in a report on Thursday, July 20th. The company transports bulk commodities, including grain, coal, potash, fertilizers, and Sulphur; and merchandise freight, such as finished vehicles and machinery, automotive parts, chemicals and plastics, crude, and metals and minerals, as well as forest and industrial, and consumer products.

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