Canadian National Railway (NYSE:CNI) Given New $115.00 Price Target at Susquehanna

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

Several other equities analysts have also recently weighed in on the company. The Goldman Sachs Group lowered their target price on Canadian National Railway from $131.00 to $124.00 and set a “sell” rating on the stock in a research note on Wednesday, October 9th. Citigroup raised shares of Canadian National Railway from a “neutral” rating to a “buy” rating and lifted their target price for the company from $126.00 to $130.00 in a research note on Tuesday, November 12th. Veritas upgraded Canadian National Railway from a “hold” rating to a “strong-buy” rating in a report on Wednesday, October 23rd. Stephens restated an “equal weight” rating and issued a $116.00 target price on shares of Canadian National Railway in a research note on Wednesday, October 23rd. Finally, Stifel Nicolaus raised their price target on Canadian National Railway from $130.00 to $132.00 and gave the stock a “hold” rating in a research note on Wednesday, October 23rd. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating, five have issued a buy rating and three have assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $122.48.

Canadian National Railway Stock Performance

Canadian National Railway stock opened at $102.47 on Wednesday. Canadian National Railway has a fifty-two week low of $98.96 and a fifty-two week high of $134.02. The firm’s 50 day simple moving average is $106.69 and its 200-day simple moving average is $112.70. 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 company has a market cap of $64.47 billion, a P/E ratio of 16.42, a price-to-earnings-growth ratio of 2.43 and a beta of 0.91.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last posted its quarterly earnings data on Tuesday, October 22nd. The transportation company reported $1.72 earnings per share for the quarter, topping the consensus estimate of $1.70 by $0.02. Canadian National Railway had a net margin of 31.65% and a return on equity of 23.62%. The firm had revenue of $4.11 billion for the quarter, compared to analysts’ expectations of $4.08 billion. During the same period in the previous year, the company posted $1.26 EPS. The company’s quarterly revenue was up 3.1% compared to the same quarter last year. As a group, equities research analysts predict that Canadian National Railway will post 5.31 EPS for the current year.

Canadian National Railway Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 30th. Investors of record on Monday, December 9th were issued a dividend of $0.6108 per share. This represents a $2.44 annualized dividend and a dividend yield of 2.38%. The ex-dividend date of this dividend was Monday, December 9th. Canadian National Railway’s dividend payout ratio is currently 38.14%.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the company. Private Advisor Group LLC grew its position in shares of Canadian National Railway by 1.5% in the second quarter. Private Advisor Group LLC now owns 10,412 shares of the transportation company’s stock valued at $1,230,000 after purchasing an additional 149 shares during the last quarter. Caprock Group LLC acquired a new position in shares of Canadian National Railway during the second quarter worth approximately $522,000. Choreo LLC boosted its position in shares of Canadian National Railway by 118.2% in the second quarter. Choreo LLC now owns 14,021 shares of the transportation company’s stock valued at $1,637,000 after acquiring an additional 7,594 shares during the period. LGT Fund Management Co Ltd. acquired a new stake in shares of Canadian National Railway in the second quarter worth $285,000. Finally, Dorsey & Whitney Trust CO LLC increased its position in Canadian National Railway by 23.4% during the second quarter. Dorsey & Whitney Trust CO LLC now owns 2,826 shares of the transportation company’s stock worth $334,000 after acquiring an additional 536 shares during the period. 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.