Media coverage about Canadian National Railway (NYSE:CNI) (TSE:CNR) has been trending somewhat positive on Monday, Accern Sentiment Analysis reports. Accern identifies negative and positive press coverage by analyzing more than twenty million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Canadian National Railway earned a news impact score of 0.19 on Accern’s scale. Accern also gave news headlines about the transportation company an impact score of 45.8369916358966 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the near term.
Here are some of the news headlines that may have impacted Accern’s rankings:
- MEDIA INVITATION – The thirteenth edition of the CN Canadiens Alumni Challenge to be held Nov. 18, 2017 (finance.yahoo.com)
- CANADIAN NATIONAL RAILWAY : NOV 15, 2017ADVISORY – Ghislain Houle, CN executive .. (4-traders.com)
- Canadian National Railway a Top Ranked SAFE Dividend Stock With 2.0% Yield (CNI) (nasdaq.com)
- The Railroad Trade: The Transport Stock Most Likely To Stay On Track – Benzinga (benzinga.com)
- Volume Growth Drives Railroads in Q3; What Lies Ahead? (finance.yahoo.com)
Canadian National Railway (NYSE CNI) traded down $0.18 during trading hours on Monday, reaching $79.59. The company had a trading volume of 550,124 shares, compared to its average volume of 1,051,335. The stock has a market capitalization of $59,770.00, a price-to-earnings ratio of 20.67, a PEG ratio of 2.15 and a beta of 1.11. Canadian National Railway has a 52-week low of $63.71 and a 52-week high of $84.48. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.49 and a current ratio of 0.61.
The firm also recently declared a quarterly dividend, which will be paid on Friday, December 29th. Shareholders of record on Friday, December 8th will be issued a dividend of $0.3304 per share. This represents a $1.32 dividend on an annualized basis and a yield of 1.66%. This is an increase from Canadian National Railway’s previous quarterly dividend of $0.33. The ex-dividend date is Thursday, December 7th. Canadian National Railway’s payout ratio is 33.00%.
Canadian National Railway announced that its Board of Directors has initiated a share buyback program on Tuesday, October 24th that allows the company to buyback 31,000,000 shares. This buyback authorization allows the transportation company to purchase shares of its stock through open market purchases. Shares buyback programs are often a sign that the company’s board of directors believes its shares are undervalued.
CNI has been the subject of several recent analyst reports. Zacks Investment Research cut Canadian National Railway from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, September 26th. Deutsche Bank AG assumed coverage on Canadian National Railway in a research note on Wednesday, November 1st. They set a “sell” rating and a $73.00 target price for the company. Royal Bank Of Canada restated an “outperform” rating on shares of Canadian National Railway in a research report on Wednesday, October 25th. CIBC upgraded Canadian National Railway from a “neutral” rating to a “sector outperform” rating in a research report on Wednesday, November 8th. Finally, BidaskClub lowered Canadian National Railway from a “hold” rating to a “sell” rating in a research report on Tuesday, August 1st. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating and seven have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $79.67.
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About Canadian National Railway
Canadian National Railway Company is engaged in the rail and related transportation business. The Company’s network of approximately 20,000 route miles of track spans Canada and mid-America, connecting approximately three coasts, including the Atlantic, the Pacific and the Gulf of Mexico and serving the cities and ports of Vancouver, Prince Rupert (British Columbia), Montreal, Halifax, New Orleans, and Mobile (Alabama), and the metropolitan areas of Toronto, Edmonton, Winnipeg, Calgary, Chicago, Memphis, Detroit, Duluth (Minnesota)/Superior (Wisconsin), and Jackson (Mississippi), with connections to all points in North America.
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