Canadian National Railway (NYSE:CNI) Price Target Increased to $132.00 by Analysts at Stifel Nicolaus

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

Several other research analysts have also commented on CNI. National Bank Financial upgraded Canadian National Railway from a “sector perform” rating to an “outperform” rating in a research report on Thursday, June 27th. Barclays raised their target price on Canadian National Railway from $120.00 to $121.00 and gave the company an “equal weight” rating in a report on Wednesday, September 25th. Wells Fargo & Company upgraded shares of Canadian National Railway from an “equal weight” rating to an “overweight” rating and set a $125.00 price target on the stock in a research note on Monday, October 7th. Sanford C. Bernstein lowered their price objective on shares of Canadian National Railway from $130.67 to $126.29 and set a “market perform” rating for the company in a research note on Wednesday, October 9th. Finally, Stephens cut their target price on shares of Canadian National Railway from $127.00 to $122.00 and set an “equal weight” rating on the stock in a research note on Wednesday, July 24th. One equities research analyst has rated the stock with a sell rating, fifteen have given a hold rating, three have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, Canadian National Railway has an average rating of “Hold” and a consensus price target of $125.10.

Canadian National Railway Stock Down 0.2 %

Shares of CNI opened at $111.99 on Wednesday. The company’s 50-day moving average price is $116.02 and its 200 day moving average price is $119.72. Canadian National Railway has a 12-month low of $103.96 and a 12-month high of $134.02. The company has a current ratio of 0.63, a quick ratio of 0.48 and a debt-to-equity ratio of 0.93. The firm has a market cap of $70.53 billion, a P/E ratio of 17.95, a price-to-earnings-growth 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 (EPS) 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 the consensus estimate of $4.08 billion. Canadian National Railway had a net margin of 31.65% and a return on equity of 23.49%. The business’s revenue was up 3.1% on a year-over-year basis. During the same period in the previous year, the firm earned $1.26 EPS. On average, sell-side analysts forecast that Canadian National Railway will post 5.5 earnings per share for the current year.

Canadian National Railway Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 30th. Stockholders of record on Monday, December 9th will be issued a $0.6108 dividend. The ex-dividend date is Monday, December 9th. This represents a $2.44 dividend on an annualized basis and a dividend yield of 2.18%. Canadian National Railway’s payout ratio is currently 39.26%.

Institutional Investors Weigh In On Canadian National Railway

Several institutional investors have recently added to or reduced their stakes in CNI. Outlook Wealth Advisors LLC raised its holdings in Canadian National Railway by 12.7% during the third quarter. Outlook Wealth Advisors LLC now owns 2,690 shares of the transportation company’s stock worth $315,000 after purchasing an additional 303 shares in the last quarter. Legacy Wealth Asset Management LLC boosted its stake in Canadian National Railway by 1.7% in the third quarter. Legacy Wealth Asset Management LLC now owns 13,320 shares of the transportation company’s stock valued at $1,560,000 after acquiring an additional 218 shares in the last quarter. Lake Street Advisors Group LLC grew its holdings in shares of Canadian National Railway by 44.3% during the third quarter. Lake Street Advisors Group LLC now owns 10,244 shares of the transportation company’s stock worth $1,200,000 after purchasing an additional 3,144 shares during the last quarter. Harbour Trust & Investment Management Co increased its position in shares of Canadian National Railway by 0.6% during the third quarter. Harbour Trust & Investment Management Co now owns 96,818 shares of the transportation company’s stock worth $11,342,000 after purchasing an additional 535 shares in the last quarter. Finally, Assenagon Asset Management S.A. lifted its holdings in shares of Canadian National Railway by 10.5% in the 3rd quarter. Assenagon Asset Management S.A. now owns 18,440 shares of the transportation company’s stock valued at $2,162,000 after purchasing an additional 1,752 shares during the last quarter. Hedge funds and other institutional investors own 80.74% of the company’s stock.

Canadian National Railway Company Profile

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.