Canadian National Railway (NYSE:CNI) Price Target Raised to $132.00

Canadian National Railway (NYSE:CNI) (TSE:CNR) had its price objective raised by Stifel Nicolaus from $130.00 to $132.00 in a research note released on Wednesday morning, Benzinga reports. Stifel Nicolaus currently has a hold rating on the transportation company’s stock.

A number of other brokerages also recently issued reports on CNI. Susquehanna reduced their price target on Canadian National Railway from $130.00 to $125.00 and set a “neutral” rating on the stock in a research report on Wednesday. Evercore ISI dropped their target price on Canadian National Railway from $119.00 to $116.00 and set an “in-line” rating on the stock in a research note on Wednesday. Barclays increased their price target on Canadian National Railway from $120.00 to $121.00 and gave the company an “equal weight” rating in a research note on Wednesday, September 25th. Scotiabank upgraded Canadian National Railway from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, July 10th. Finally, Citigroup started coverage on shares of Canadian National Railway in a research report on Wednesday, October 9th. They issued a “neutral” rating and a $125.00 price objective for the company. One equities research analyst has rated the stock with a sell rating, fifteen have given a hold rating, three have assigned a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $125.18.

Canadian National Railway Price Performance

Shares of CNI stock opened at $110.96 on Wednesday. The stock’s 50-day moving average is $115.97 and its 200 day moving average is $119.66. Canadian National Railway has a 1-year low of $103.96 and a 1-year high of $134.02. The company has a debt-to-equity ratio of 0.93, a current ratio of 0.63 and a quick ratio of 0.48. The company has a market cap of $69.88 billion, a P/E ratio of 17.83, a PEG ratio of 2.50 and a beta of 0.88.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last released its quarterly earnings results on Tuesday, October 22nd. The transportation company reported $1.72 earnings per share for the quarter, beating analysts’ consensus estimates of $1.70 by $0.02. The business had revenue of $4.11 billion for the quarter, compared to analysts’ expectations of $4.08 billion. Canadian National Railway had a net margin of 31.65% and a return on equity of 23.49%. The company’s revenue was up 3.1% compared to the same quarter last year. During the same period last year, the business earned $1.26 EPS. Research analysts predict that Canadian National Railway will post 5.5 earnings per share for the current fiscal year.

Canadian National Railway Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, December 30th. Investors of record on Monday, December 9th will be given a dividend of $0.6108 per share. This represents a $2.44 annualized dividend and a yield of 2.20%. The ex-dividend date of this dividend is Monday, December 9th. Canadian National Railway’s dividend payout ratio is currently 39.26%.

Institutional Investors Weigh In On Canadian National Railway

Hedge funds have recently bought and sold shares of the stock. Thurston Springer Miller Herd & Titak Inc. acquired a new position in shares of Canadian National Railway in the 2nd quarter valued at $26,000. Addison Advisors LLC increased its holdings in Canadian National Railway by 159.1% in the second quarter. Addison Advisors LLC now owns 241 shares of the transportation company’s stock valued at $28,000 after buying an additional 148 shares in the last quarter. Fortitude Family Office LLC raised its position in shares of Canadian National Railway by 738.7% in the third quarter. Fortitude Family Office LLC now owns 260 shares of the transportation company’s stock worth $30,000 after acquiring an additional 229 shares during the period. GAMMA Investing LLC boosted its stake in shares of Canadian National Railway by 766.7% during the 1st quarter. GAMMA Investing LLC now owns 234 shares of the transportation company’s stock worth $31,000 after acquiring an additional 207 shares in the last quarter. Finally, ORG Partners LLC acquired a new stake in shares of Canadian National Railway during the 2nd quarter valued at about $34,000. Hedge funds and other institutional investors own 80.74% of the company’s stock.

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.