Canadian National Railway (NYSE:CNI) Price Target Lowered to $130.00 at Susquehanna

Canadian National Railway (NYSE:CNI) (TSE:CNR) had its price target lowered by Susquehanna from $135.00 to $130.00 in a report issued on Wednesday, Benzinga reports. The firm currently has a neutral rating on the transportation company’s stock.

Several other research firms also recently issued reports on CNI. Barclays decreased their price objective on shares of Canadian National Railway from $130.00 to $128.00 and set an equal weight rating for the company in a report on Tuesday, July 16th. StockNews.com downgraded Canadian National Railway from a buy rating to a hold rating in a research report on Wednesday, May 22nd. Wells Fargo & Company assumed coverage on Canadian National Railway in a research report on Friday, June 7th. They set an equal weight rating and a $130.00 price objective for the company. Stifel Nicolaus raised their target price on Canadian National Railway from $134.00 to $137.00 and gave the company a hold rating in a report on Wednesday, July 17th. Finally, Jefferies Financial Group initiated coverage on Canadian National Railway in a research report on Monday, April 8th. They issued a hold rating and a $130.00 price objective for the company. Eighteen equities research analysts have rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of Hold and a consensus target price of $138.35.

Canadian National Railway Trading Up 1.8 %

Shares of NYSE:CNI opened at $115.45 on Wednesday. The company has a current ratio of 0.63, a quick ratio of 0.46 and a debt-to-equity ratio of 0.93. The stock has a market capitalization of $73.01 billion, a PE ratio of 18.41, a P/E/G ratio of 2.27 and a beta of 0.89. Canadian National Railway has a 1 year low of $103.96 and a 1 year high of $134.02. The firm has a fifty day moving average price of $121.28 and a 200 day moving average price of $125.49.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last issued its quarterly earnings data on Tuesday, July 23rd. The transportation company reported $1.84 EPS for the quarter, missing analysts’ consensus estimates of $1.93 by ($0.09). Canadian National Railway had a net margin of 32.00% and a return on equity of 23.58%. The company had revenue of $4.33 billion for the quarter, compared to analyst estimates of $4.40 billion. During the same period in the prior year, the company posted $1.31 EPS. The business’s revenue was up 6.7% on a year-over-year basis. Analysts expect that Canadian National Railway will post 5.71 EPS for the current fiscal year.

Canadian National Railway Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 27th. Shareholders of record on Friday, September 6th will be issued a $0.614 dividend. This represents a $2.46 annualized dividend and a yield of 2.13%. The ex-dividend date of this dividend is Friday, September 6th. Canadian National Railway’s dividend payout ratio (DPR) is presently 39.23%.

Institutional Investors Weigh In On Canadian National Railway

Institutional investors and hedge funds have recently bought and sold shares of the business. Bfsg LLC boosted its stake in shares of Canadian National Railway by 110.5% in the 1st quarter. Bfsg LLC now owns 200 shares of the transportation company’s stock valued at $26,000 after purchasing an additional 105 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in shares of Canadian National Railway in the 2nd quarter valued at $26,000. GAMMA Investing LLC boosted its stake in shares of Canadian National Railway by 766.7% in the 1st quarter. GAMMA Investing LLC now owns 234 shares of the transportation company’s stock valued at $31,000 after purchasing an additional 207 shares in the last quarter. ORG Partners LLC acquired a new stake in shares of Canadian National Railway in the 2nd quarter valued at $34,000. Finally, Keener Financial Planning LLC acquired a new stake in shares of Canadian National Railway in the 4th quarter valued at $46,000. 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.