Canadian National Railway (NYSE:CNI) Downgraded by Raymond James to “Hold”

Raymond James downgraded shares of Canadian National Railway (NYSE:CNI) (TSE:CNR) from a moderate buy rating to a hold rating in a research note published on Tuesday morning,Zacks.com reports. Raymond James also issued estimates for Canadian National Railway’s Q3 2025 earnings at $1.38 EPS and Q4 2025 earnings at $1.50 EPS.

CNI has been the topic of several other research reports. Stifel Nicolaus decreased their price target on Canadian National Railway from $125.00 to $115.00 and set a “buy” rating on the stock in a report on Monday, April 14th. JPMorgan Chase & Co. upgraded shares of Canadian National Railway from a “neutral” rating to an “overweight” rating in a report on Tuesday, January 7th. Citigroup dropped their price target on shares of Canadian National Railway from $122.00 to $114.00 and set a “buy” rating for the company in a research note on Tuesday, April 8th. Royal Bank of Canada reduced their price objective on shares of Canadian National Railway from $174.00 to $171.00 and set an “outperform” rating on the stock in a research report on Friday, January 31st. Finally, Wells Fargo & Company dropped their target price on Canadian National Railway from $125.00 to $123.00 and set an “overweight” rating for the company in a research report on Monday, January 13th. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating, seven have assigned a buy rating and four have assigned a strong buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $120.36.

Canadian National Railway Stock Down 1.0 %

NYSE CNI opened at $97.61 on Tuesday. Canadian National Railway has a one year low of $91.65 and a one year high of $130.63. The company has a market capitalization of $61.34 billion, a P/E ratio of 19.06, a P/E/G ratio of 1.95 and a beta of 0.93. The stock has a 50 day moving average price of $98.81 and a 200-day moving average price of $104.08. The company has a debt-to-equity ratio of 0.94, a quick ratio of 0.48 and a current ratio of 0.66.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last announced its earnings results on Thursday, January 30th. The transportation company reported $1.30 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.39 by ($0.09). Canadian National Railway had a net margin of 26.09% and a return on equity of 22.48%. As a group, equities analysts predict that Canadian National Railway will post 5.52 EPS for the current fiscal year.

Canadian National Railway Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Monday, March 10th were issued a $0.6159 dividend. This is an increase from Canadian National Railway’s previous quarterly dividend of $0.61. This represents a $2.46 annualized dividend and a dividend yield of 2.52%. The ex-dividend date was Monday, March 10th. Canadian National Railway’s payout ratio is presently 47.66%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Norges Bank purchased a new position in shares of Canadian National Railway in the 4th quarter valued at $563,048,000. Canoe Financial LP bought a new stake in Canadian National Railway during the fourth quarter valued at about $216,943,000. Royal Bank of Canada grew its stake in Canadian National Railway by 7.5% in the fourth quarter. Royal Bank of Canada now owns 27,757,038 shares of the transportation company’s stock valued at $2,817,616,000 after purchasing an additional 1,934,622 shares during the last quarter. Price T Rowe Associates Inc. MD grew its stake in Canadian National Railway by 33.6% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 5,489,874 shares of the transportation company’s stock valued at $557,278,000 after purchasing an additional 1,380,554 shares during the last quarter. Finally, Capital International Investors raised its holdings in Canadian National Railway by 12.8% in the fourth quarter. Capital International Investors now owns 11,822,063 shares of the transportation company’s stock worth $1,199,680,000 after purchasing an additional 1,341,133 shares in the last quarter. 80.74% of the stock is currently owned by institutional investors.

About Canadian National Railway

Canadian National Railway Company, together with its subsidiaries, engages in the rail, intermodal, trucking, and marine transportation and logistics business in Canada and the United States. The company provides rail services, which include equipment, custom brokerage services, transloading and distribution, business development and real estate, and private car storage services; and intermodal services, such as temperature controlled cargo, port partnerships, and logistics parks.