Susquehanna Cuts Canadian National Railway (NYSE:CNI) Price Target to $115.00

Canadian National Railway (NYSE:CNI) (TSE:CNR) had its price target decreased by Susquehanna from $125.00 to $115.00 in a report published on Wednesday,Benzinga reports. Susquehanna currently has a neutral rating on the transportation company’s stock.

Several other equities analysts also recently issued reports on the stock. Stephens restated an “equal weight” rating and issued a $116.00 price objective on shares of Canadian National Railway in a research note on Wednesday, October 23rd. Citigroup upgraded Canadian National Railway from a “neutral” rating to a “buy” rating and raised their price target for the stock from $126.00 to $130.00 in a research note on Tuesday, November 12th. JPMorgan Chase & Co. raised Canadian National Railway from a “neutral” rating to an “overweight” rating in a report on Tuesday. Bank of America cut shares of Canadian National Railway from a “buy” rating to a “neutral” rating and reduced their target price for the company from $129.00 to $122.00 in a report on Friday, October 4th. Finally, Evercore ISI raised shares of Canadian National Railway from a “hold” rating to a “strong-buy” rating in a research note on Thursday, December 19th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating, six have issued a buy rating and three have given a strong buy rating to the stock. According to MarketBeat.com, Canadian National Railway has an average rating of “Moderate Buy” and a consensus target price of $125.94.

Canadian National Railway Price Performance

CNI stock opened at $99.86 on Wednesday. Canadian National Railway has a 1 year low of $98.96 and a 1 year high of $134.02. The firm has a market capitalization of $62.83 billion, a P/E ratio of 16.00, a P/E/G ratio of 2.43 and a beta of 0.91. The company has a debt-to-equity ratio of 0.96, a current ratio of 0.64 and a quick ratio of 0.49. The business’s 50-day moving average is $106.41 and its two-hundred day moving average is $112.50.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last posted its earnings results on Tuesday, October 22nd. The transportation company reported $1.72 EPS for the quarter, beating the consensus estimate of $1.70 by $0.02. The firm had revenue of $4.11 billion for the quarter, compared to analyst estimates of $4.08 billion. Canadian National Railway had a return on equity of 23.62% and a net margin of 31.65%. Canadian National Railway’s revenue for the quarter was up 3.1% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.26 earnings per share. Analysts anticipate that Canadian National Railway will post 5.31 earnings per share for the current fiscal year.

Canadian National Railway Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, December 30th. Investors of record on Monday, December 9th were given a dividend of $0.6108 per share. The ex-dividend date was Monday, December 9th. This represents a $2.44 dividend on an annualized basis and a yield of 2.45%. Canadian National Railway’s dividend payout ratio (DPR) is currently 38.14%.

Institutional Trading of Canadian National Railway

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Fortitude Family Office LLC boosted its position in Canadian National Railway by 738.7% during the 3rd quarter. Fortitude Family Office LLC now owns 260 shares of the transportation company’s stock worth $30,000 after purchasing an additional 229 shares during the period. Coastline Trust Co purchased a new stake in shares of Canadian National Railway in the third quarter worth about $34,000. Reston Wealth Management LLC acquired a new stake in shares of Canadian National Railway in the third quarter valued at about $41,000. Sanctuary Wealth Management L.L.C. purchased a new stake in shares of Canadian National Railway during the 3rd quarter valued at about $56,000. Finally, Grove Bank & Trust lifted its position in Canadian National Railway by 15.3% during the 3rd quarter. Grove Bank & Trust now owns 730 shares of the transportation company’s stock worth $86,000 after acquiring an additional 97 shares in the last quarter. 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.