Strategic Blueprint LLC Acquires Shares of 1,799 Canadian National Railway (NYSE:CNI)

Posted by Defense World Staff on Jul 21st, 2023

Canadian National Railway logo Strategic Blueprint LLC acquired a new stake in Canadian National Railway (NYSE:CNI – Free Report) (TSE:CNR) in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 1,799 shares of the transportation company’s stock, valued at approximately $212,000.

Other large investors also recently bought and sold shares of the company. New England Capital Financial Advisors LLC acquired a new stake in Canadian National Railway in the fourth quarter valued at approximately $25,000. Ahrens Investment Partners LLC acquired a new stake in Canadian National Railway in the first quarter valued at approximately $26,000. Armstrong Advisory Group Inc. acquired a new stake in Canadian National Railway in the fourth quarter valued at approximately $29,000. CoreCap Advisors LLC acquired a new stake in shares of Canadian National Railway during the fourth quarter worth approximately $29,000. Finally, Accurate Wealth Management LLC acquired a new stake in shares of Canadian National Railway during the fourth quarter worth approximately $41,000. Institutional investors and hedge funds own 64.89% of the company’s stock.

Canadian National Railway Stock Performance

CNI stock opened at $117.64 on Friday. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.57 and a current ratio of 0.74. The stock has a market capitalization of $77.51 billion, a price-to-earnings ratio of 19.51, a PEG ratio of 3.08 and a beta of 0.91. Canadian National Railway has a 1 year low of $103.79 and a 1 year high of $129.89. The stock’s fifty day moving average is $117.42 and its two-hundred day moving average is $118.36.

Canadian National Railway (NYSE:CNI – Get Free Report) (TSE:CNR) last posted its earnings results on Monday, April 24th. The transportation company reported $1.35 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.26 by $0.09. Canadian National Railway had a return on equity of 25.00% and a net margin of 30.61%. The company had revenue of $3.19 billion for the quarter, compared to analysts’ expectations of $3.15 billion. On average, research analysts predict that Canadian National Railway will post 5.75 EPS for the current year.

Canadian National Railway Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 30th. Investors of record on Friday, June 9th were paid a dividend of $0.5835 per share. This represents a $2.33 dividend on an annualized basis and a dividend yield of 1.98%. The ex-dividend date of this dividend was Thursday, June 8th. Canadian National Railway’s dividend payout ratio is currently 39.14%.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on CNI shares. Royal Bank of Canada decreased their price target on shares of Canadian National Railway from C$180.00 to C$174.00 in a research report on Friday, July 7th. Barclays decreased their price target on shares of Canadian National Railway from $130.00 to $122.00 in a research report on Tuesday. Citigroup decreased their price target on shares of Canadian National Railway from $125.00 to $122.00 in a research report on Tuesday, July 11th. Desjardins raised their price target on shares of Canadian National Railway from C$178.00 to C$180.00 in a research report on Tuesday, April 25th. Finally, StockNews.com downgraded shares of Canadian National Railway from a “buy” rating to a “hold” rating in a report on Wednesday, May 31st. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $145.00.

Canadian National Railway Profile

(Free Report)

Canadian National Railway Company, together with its subsidiaries, engages in rail and related transportation business. The company offers rail services, which include equipment, custom brokage services, transloading and distribution, business development and real estate, and private car storage services; and intermodal services including temperature controlled cargo, port partnership, transloading and distribution, logistic parks, customs brokerage, trucking, and moving grains in containers.