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 report released on Wednesday morning, Benzinga reports. The brokerage currently has a hold rating on the transportation company’s stock.

Several other equities research analysts also recently weighed in on CNI. Sanford C. Bernstein decreased their price target on Canadian National Railway from $130.67 to $126.29 and set a “market perform” rating for the company in a report on Wednesday, October 9th. Citigroup assumed coverage on Canadian National Railway in a report on Wednesday, October 9th. They set a “neutral” rating and a $125.00 price target for the company. Royal Bank of Canada raised Canadian National Railway from a “sector perform” rating to an “outperform” rating in a report on Thursday, October 10th. Barclays increased their price target on Canadian National Railway from $120.00 to $121.00 and gave the stock an “equal weight” rating in a report on Wednesday, September 25th. Finally, Evercore ISI decreased their price target on Canadian National Railway from $119.00 to $116.00 and set an “in-line” rating for the company in a report on Wednesday. One research analyst has rated the stock with a sell rating, fifteen have given a hold rating, three have issued a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $125.18.

Canadian National Railway Price Performance

CNI stock opened at $110.97 on Wednesday. The company has a market capitalization of $70.18 billion, a P/E ratio of 17.70, a PEG ratio of 2.50 and a beta of 0.88. Canadian National Railway has a twelve month low of $103.96 and a twelve month high of $134.02. The business has a 50 day simple moving average of $115.93 and a 200-day simple moving average of $119.45. The company has a current ratio of 0.63, a quick ratio of 0.48 and a debt-to-equity ratio of 0.93.

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, beating the consensus estimate of $1.70 by $0.02. The business had revenue of $4.11 billion during the quarter, compared to the consensus estimate of $4.08 billion. Canadian National Railway had a return on equity of 23.49% and a net margin of 31.65%. The company’s revenue was up 3.1% compared to the same quarter last year. During the same period in the prior year, the company earned $1.26 earnings per share. As a group, equities analysts anticipate that Canadian National Railway will post 5.5 EPS for the current year.

Canadian National Railway Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, December 30th. Stockholders of record on Monday, December 9th will be given a $0.6108 dividend. This represents a $2.44 dividend on an annualized basis and a dividend yield of 2.20%. The ex-dividend date is Monday, December 9th. Canadian National Railway’s dividend payout ratio is currently 39.71%.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the company. Manning & Napier Advisors LLC purchased a new position in shares of Canadian National Railway in the second quarter valued at $134,096,000. Koshinski Asset Management Inc. purchased a new stake in Canadian National Railway during the 1st quarter worth about $627,000. Mediolanum International Funds Ltd purchased a new stake in Canadian National Railway during the 1st quarter worth about $4,451,000. Sterling Investment Management LLC increased its position in Canadian National Railway by 17.2% during the 3rd quarter. Sterling Investment Management LLC now owns 36,279 shares of the transportation company’s stock worth $4,250,000 after purchasing an additional 5,329 shares in the last quarter. Finally, Sumitomo Life Insurance Co. purchased a new stake in Canadian National Railway during the 2nd quarter worth about $1,321,000. 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.