Barclays Has Lowered Expectations for Canadian National Railway (NYSE:CNI) Stock Price

Canadian National Railway (NYSE:CNI) (TSE:CNR) had its price target reduced by Barclays from $121.00 to $112.00 in a research note published on Friday,Benzinga reports. They currently have an equal weight rating on the transportation company’s stock.

Several other brokerages also recently commented on CNI. JPMorgan Chase & Co. raised shares of Canadian National Railway from a “neutral” rating to an “overweight” rating in a research note on Tuesday, January 7th. 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. Jefferies Financial Group upgraded shares of Canadian National Railway from a “hold” rating to a “buy” rating and set a $120.00 target price for the company in a report on Friday, January 10th. Veritas raised Canadian National Railway from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, October 23rd. Finally, Stifel Nicolaus upgraded Canadian National Railway from a “hold” rating to a “buy” rating and dropped their price objective for the stock from $132.00 to $120.00 in a report on Thursday. One investment analyst has rated the stock with a sell rating, seven have given a hold rating, seven have assigned a buy rating and four have issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $124.02.

Canadian National Railway Stock Down 0.4 %

Shares of CNI opened at $101.54 on Friday. The firm has a market cap of $63.85 billion, a P/E ratio of 16.27, a P/E/G ratio of 2.21 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. Canadian National Railway has a 1 year low of $98.96 and a 1 year high of $134.02. The stock has a 50 day simple moving average of $105.62 and a two-hundred day simple moving average of $112.02.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last released its quarterly earnings data on Tuesday, October 22nd. The transportation company reported $1.72 EPS for the quarter, topping the consensus estimate of $1.70 by $0.02. The firm had revenue of $4.11 billion for the quarter, compared to the consensus estimate of $4.08 billion. Canadian National Railway had a return on equity of 23.62% and a net margin of 31.65%. The company’s quarterly revenue was up 3.1% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.26 earnings per share. On average, analysts forecast that Canadian National Railway will post 5.21 earnings per share for the current fiscal year.

Canadian National Railway Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 30th. Shareholders of record on Monday, December 9th were issued a $0.6108 dividend. The ex-dividend date was Monday, December 9th. This represents a $2.44 dividend on an annualized basis and a yield of 2.41%. Canadian National Railway’s dividend payout ratio (DPR) is 38.30%.

Hedge Funds Weigh In On Canadian National Railway

Several institutional investors and hedge funds have recently added to or reduced their stakes in CNI. Cardinal Capital Management Inc. lifted its position in Canadian National Railway by 42.6% during the 4th quarter. Cardinal Capital Management Inc. now owns 678,211 shares of the transportation company’s stock valued at $68,715,000 after acquiring an additional 202,692 shares during the period. Inspire Investing LLC increased its stake in shares of Canadian National Railway by 8.5% during the fourth quarter. Inspire Investing LLC now owns 25,470 shares of the transportation company’s stock valued at $2,586,000 after purchasing an additional 1,986 shares in the last quarter. Wesbanco Bank Inc. bought a new position in shares of Canadian National Railway during the fourth quarter valued at approximately $227,000. Rothschild & Co Wealth Management UK Ltd purchased a new position in shares of Canadian National Railway during the fourth quarter valued at approximately $5,662,000. Finally, Janney Montgomery Scott LLC boosted its position in shares of Canadian National Railway by 7.8% in the 4th quarter. Janney Montgomery Scott LLC now owns 138,810 shares of the transportation company’s stock worth $14,091,000 after purchasing an additional 10,039 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.