Canadian National Railway (NYSE:CNI) Price Target Cut to $115.00 by Analysts at Susquehanna

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

Several other equities research analysts also recently weighed in on CNI. Wells Fargo & Company dropped their target price on shares of Canadian National Railway from $133.00 to $125.00 and set an “overweight” rating for the company in a research report on Tuesday. Citigroup upgraded Canadian National Railway from a “neutral” rating to a “buy” rating and upped their price objective for the company from $126.00 to $130.00 in a research note on Tuesday, November 12th. Stephens reaffirmed an “equal weight” rating and set a $116.00 target price on shares of Canadian National Railway in a report on Wednesday, October 23rd. Benchmark reiterated a “hold” rating on shares of Canadian National Railway in a report on Thursday, October 24th. Finally, Royal Bank of Canada upgraded Canadian National Railway from a “sector perform” rating to an “outperform” rating in a research note on Thursday, October 10th. One research analyst has rated the stock with a sell rating, ten have given a hold rating, five have issued a buy rating and three have assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, Canadian National Railway presently has a consensus rating of “Moderate Buy” and an average target price of $122.48.

Canadian National Railway Trading Down 1.8 %

NYSE:CNI opened at $102.47 on Wednesday. The stock has a market cap of $64.47 billion, a price-to-earnings ratio of 16.42, a price-to-earnings-growth ratio of 2.43 and a beta of 0.91. Canadian National Railway has a one year low of $98.96 and a one year high of $134.02. The company has a debt-to-equity ratio of 0.96, a quick ratio of 0.49 and a current ratio of 0.64. The business’s 50-day simple moving average is $106.69 and its 200 day simple moving average is $112.70.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last announced its earnings results on Tuesday, October 22nd. The transportation company reported $1.72 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.70 by $0.02. Canadian National Railway had a return on equity of 23.62% and a net margin of 31.65%. The company had revenue of $4.11 billion for the quarter, compared to analyst estimates of $4.08 billion. During the same period in the prior year, the company posted $1.26 EPS. Canadian National Railway’s quarterly revenue was up 3.1% on a year-over-year basis. As a group, sell-side analysts predict that Canadian National Railway will post 5.31 earnings per share for the current fiscal year.

Canadian National Railway Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, December 30th. Shareholders of record on Monday, December 9th were given a dividend of $0.6108 per share. The ex-dividend date was Monday, December 9th. This represents a $2.44 dividend on an annualized basis and a yield of 2.38%. Canadian National Railway’s dividend payout ratio (DPR) is presently 38.14%.

Institutional Investors Weigh In On Canadian National Railway

Hedge funds and other institutional investors have recently modified their holdings of the stock. Canandaigua National Trust Co of Florida lifted its position in Canadian National Railway by 61.9% in the fourth quarter. Canandaigua National Trust Co of Florida now owns 3,570 shares of the transportation company’s stock worth $362,000 after purchasing an additional 1,365 shares during the period. Principal Financial Group Inc. boosted its stake in Canadian National Railway by 29.6% during the third quarter. Principal Financial Group Inc. now owns 92,300 shares of the transportation company’s stock valued at $10,820,000 after buying an additional 21,100 shares in the last quarter. Synovus Financial Corp raised its position in Canadian National Railway by 82.3% in the third quarter. Synovus Financial Corp now owns 13,873 shares of the transportation company’s stock worth $1,625,000 after acquiring an additional 6,261 shares in the last quarter. Wilmington Savings Fund Society FSB lifted its holdings in Canadian National Railway by 115.2% in the 3rd quarter. Wilmington Savings Fund Society FSB now owns 4,382 shares of the transportation company’s stock valued at $513,000 after acquiring an additional 2,346 shares during the last quarter. Finally, SkyView Investment Advisors LLC boosted its position in shares of Canadian National Railway by 5.0% during the 3rd quarter. SkyView Investment Advisors LLC now owns 40,218 shares of the transportation company’s stock valued at $4,712,000 after purchasing an additional 1,903 shares in the last quarter. 80.74% of the stock is currently owned by institutional investors.

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.