Canadian National Railway (NYSE:CNI) Price Target Cut to $125.00 by Analysts at Susquehanna

Canadian National Railway (NYSE:CNI) (TSE:CNR) had its price target reduced by Susquehanna from $130.00 to $125.00 in a report published on Wednesday, Benzinga reports. They currently have a neutral rating on the transportation company’s stock.

CNI has been the topic of several other research reports. Bank of America lowered shares of Canadian National Railway from a “buy” rating to a “neutral” rating and dropped their target price for the company from $129.00 to $122.00 in a report on Friday, October 4th. Sanford C. Bernstein dropped their target price on shares of Canadian National Railway from $130.67 to $126.29 and set a “market perform” rating on the stock in a report on Wednesday, October 9th. Stifel Nicolaus dropped their target price on shares of Canadian National Railway from $133.00 to $130.00 and set a “hold” rating on the stock in a report on Friday, October 11th. Evercore ISI dropped their target price on shares of Canadian National Railway from $128.00 to $119.00 and set an “in-line” rating on the stock in a report on Wednesday, September 25th. Finally, The Goldman Sachs Group dropped their price objective on shares of Canadian National Railway from $131.00 to $124.00 and set a “sell” rating on the stock in a report on Wednesday, October 9th. One investment analyst has rated the stock with a sell rating, fifteen have given a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $125.10.

Canadian National Railway Price Performance

Shares of NYSE:CNI opened at $111.99 on Wednesday. The firm has a market cap of $70.53 billion, a PE ratio of 17.95, a price-to-earnings-growth ratio of 2.50 and a beta of 0.88. The firm’s fifty day moving average is $116.02 and its 200-day moving average is $119.72. The company has a debt-to-equity ratio of 0.93, a quick ratio of 0.48 and a current ratio of 0.63. Canadian National Railway has a 52 week low of $103.96 and a 52 week high of $134.02.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last issued its quarterly earnings results on Tuesday, October 22nd. The transportation company reported $1.72 EPS for the quarter, topping analysts’ consensus estimates of $1.70 by $0.02. The company had revenue of $4.11 billion for the quarter, compared to analyst estimates of $4.08 billion. Canadian National Railway had a net margin of 31.65% and a return on equity of 23.49%. Canadian National Railway’s revenue was up 3.1% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.26 earnings per share. Sell-side analysts predict that Canadian National Railway will post 5.5 earnings per share for the current year.

Canadian National Railway Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, December 30th. Stockholders of record on Monday, December 9th will be given a dividend of $0.6108 per share. This represents a $2.44 dividend on an annualized basis and a dividend yield of 2.18%. The ex-dividend date of this dividend is Monday, December 9th. Canadian National Railway’s payout ratio is 39.26%.

Hedge Funds Weigh In On Canadian National Railway

A number of institutional investors have recently modified their holdings of the company. Manning & Napier Advisors LLC bought a new stake in Canadian National Railway during the second quarter worth $134,096,000. Koshinski Asset Management Inc. bought a new stake in Canadian National Railway during the first quarter worth $627,000. Mediolanum International Funds Ltd bought a new stake in Canadian National Railway during the first quarter worth $4,451,000. Sumitomo Life Insurance Co. bought a new stake in Canadian National Railway during the second quarter worth $1,321,000. Finally, Sterling Investment Management LLC grew its holdings in Canadian National Railway by 17.2% during the third quarter. Sterling Investment Management LLC now owns 36,279 shares of the transportation company’s stock worth $4,250,000 after buying an additional 5,329 shares in the last quarter. 80.74% of the stock is owned by institutional investors and hedge funds.

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.