Canadian National Railway (NYSE:CNI) PT Lowered to $135.00 at Susquehanna

Canadian National Railway (NYSE:CNI) (TSE:CNR) had its target price lowered by Susquehanna from $142.00 to $135.00 in a report issued on Tuesday morning, Benzinga reports. The brokerage currently has a neutral rating on the transportation company’s stock.

A number of other analysts have also weighed in on CNI. Stifel Nicolaus raised their target price on shares of Canadian National Railway from $121.00 to $134.00 and gave the company a hold rating in a research report on Friday, April 12th. Wells Fargo & Company initiated coverage on Canadian National Railway in a research note on Friday, June 7th. They set an equal weight rating and a $130.00 price target on the stock. StockNews.com downgraded Canadian National Railway from a buy rating to a hold rating in a research note on Wednesday, May 22nd. Stephens reissued an equal weight rating and set a $140.00 target price on shares of Canadian National Railway in a report on Wednesday, April 24th. Finally, Bank of America raised shares of Canadian National Railway from a neutral rating to a buy rating and raised their price target for the company from $140.00 to $145.00 in a research note on Wednesday, April 10th. Eighteen equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of Hold and an average price target of $148.95.

Canadian National Railway Stock Down 0.2 %

Shares of CNI stock opened at $118.01 on Tuesday. Canadian National Railway has a 52-week low of $103.96 and a 52-week high of $134.02. The stock has a market cap of $74.88 billion, a price-to-earnings ratio of 19.03, a PEG ratio of 2.07 and a beta of 0.90. The firm’s 50-day moving average is $124.26 and its 200-day moving average is $126.22. The company has a debt-to-equity ratio of 0.84, a quick ratio of 0.46 and a current ratio of 0.60.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last released its quarterly earnings data on Tuesday, April 23rd. The transportation company reported $1.28 EPS for the quarter, topping analysts’ consensus estimates of $1.27 by $0.01. The firm had revenue of $3.15 billion during the quarter, compared to analysts’ expectations of $3.16 billion. Canadian National Railway had a net margin of 32.81% and a return on equity of 23.27%. Sell-side analysts predict that Canadian National Railway will post 5.9 EPS for the current year.

Canadian National Railway Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Friday, June 7th will be issued a dividend of $0.625 per share. This represents a $2.50 dividend on an annualized basis and a dividend yield of 2.12%. The ex-dividend date of this dividend is Friday, June 7th. Canadian National Railway’s dividend payout ratio (DPR) is presently 39.08%.

Hedge Funds Weigh In On Canadian National Railway

Several large investors have recently made changes to their positions in the business. LPL Financial LLC lifted its holdings in Canadian National Railway by 37.2% in the third quarter. LPL Financial LLC now owns 92,014 shares of the transportation company’s stock valued at $9,968,000 after acquiring an additional 24,952 shares during the period. Cary Street Partners Investment Advisory LLC grew its position in Canadian National Railway by 38.7% during the third quarter. Cary Street Partners Investment Advisory LLC now owns 1,075 shares of the transportation company’s stock valued at $116,000 after buying an additional 300 shares during the period. Toronto Dominion Bank increased its holdings in Canadian National Railway by 2.2% during the third quarter. Toronto Dominion Bank now owns 3,550,317 shares of the transportation company’s stock valued at $384,606,000 after buying an additional 74,733 shares during the last quarter. Gotham Asset Management LLC raised its position in Canadian National Railway by 129.6% in the third quarter. Gotham Asset Management LLC now owns 12,311 shares of the transportation company’s stock worth $1,334,000 after acquiring an additional 6,950 shares during the period. Finally, Dempze Nancy E boosted its stake in shares of Canadian National Railway by 1.1% during the 3rd quarter. Dempze Nancy E now owns 31,146 shares of the transportation company’s stock worth $3,374,000 after acquiring an additional 336 shares during the last quarter. 80.74% of the stock is currently owned by hedge funds and other institutional investors.

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.