Canadian National Railway (NYSE:CNI) Price Target Raised to $140.00

Canadian National Railway (NYSE:CNI) (TSE:CNR) had its target price boosted by Susquehanna from $130.00 to $140.00 in a research report released on Tuesday,Benzinga reports. Susquehanna currently has a neutral rating on the transportation company’s stock.

CNI has been the subject of several other reports. Raymond James Financial lowered Canadian National Railway from a “moderate buy” rating to a “hold” rating in a research report on Monday, October 19th. Bank of America reduced their target price on Canadian National Railway from $146.00 to $143.00 and set a “buy” rating on the stock in a research report on Wednesday, September 23rd. Barclays lifted their target price on Canadian National Railway from $130.00 to $132.00 and gave the company an “equal weight” rating in a research report on Monday. Citizens Jmp started coverage on Canadian National Railway in a research note on Wednesday, July 15th. They issued a “market perform” rating on the stock. Finally, Stephens upgraded Canadian National Railway to a “hold” rating in a report on Wednesday, July 8th. Nine analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $138.76.

Canadian National Railway Stock Performance

NYSE:CNI opened at $126.51 on Tuesday. The company has a debt-to-equity ratio of 0.98, a current ratio of 0.82 and a quick ratio of 0.61. The firm has a market capitalization of $76.23 billion, a price-to-earnings ratio of 22.04, a PEG ratio of 2.36 and a beta of 0.90. The company’s 50-day moving average is $121.62 and its two-hundred day moving average is $115.91. Canadian National Railway has a 1-year low of $90.74 and a 1-year high of $131.55.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last announced its quarterly earnings results on Friday, October 30th. The transportation company reported $1.54 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.49 by $0.05. The business had revenue of $3.35 billion during the quarter, compared to the consensus estimate of $3.27 billion. Canadian National Railway had a net margin of 26.42% and a return on equity of 22.82%. The business’s revenue was down 99.9% compared to the same quarter last year. During the same quarter last year, the firm earned $1.83 EPS. Analysts forecast that Canadian National Railway will post 5.84 EPS for the current year.

Canadian National Railway Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 30th. Stockholders of record on Wednesday, December 9th will be issued a C$0.92 dividend. This represents a $3.66 annualized dividend and a dividend yield of 2.9%. The ex-dividend date is Wednesday, December 9th. Canadian National Railway’s dividend payout ratio is currently 45.47%.

Hedge Funds Weigh In On Canadian National Railway

Hedge funds have recently made changes to their positions in the stock. Lazard Asset Management LLC lifted its holdings in Canadian National Railway by 2.0% during the 1st quarter. Lazard Asset Management LLC now owns 9,077,518 shares of the transportation company’s stock worth $934,488,000 after buying an additional 173,894 shares in the last quarter. TD Waterhouse Canada Inc. grew its stake in shares of Canadian National Railway by 5.8% in the third quarter. TD Waterhouse Canada Inc. now owns 4,546,356 shares of the transportation company’s stock worth $532,519,000 after acquiring an additional 248,401 shares in the last quarter. Swiss National Bank grew its stake in shares of Canadian National Railway by 26.3% in the first quarter. Swiss National Bank now owns 1,761,000 shares of the transportation company’s stock worth $180,986,000 after acquiring an additional 367,100 shares in the last quarter. Cardinal Capital Management Inc. grew its stake in shares of Canadian National Railway by 5.8% in the second quarter. Cardinal Capital Management Inc. now owns 1,254,252 shares of the transportation company’s stock worth $149,384,000 after acquiring an additional 68,791 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its position in shares of Canadian National Railway by 8.0% during the first quarter. Dimensional Fund Advisors LP now owns 1,382,499 shares of the transportation company’s stock worth $142,066,000 after acquiring an additional 101,861 shares during the period. Hedge funds and other institutional investors own 80.74% of the company’s stock.

About Canadian National Railway

Canadian National Railway Company (NYSE: CNI) is a transportation and logistics company that operates a major freight railway network across Canada and the United States. The company provides rail, intermodal and related transportation services for shippers, connecting production and consumption centers with ports and distribution hubs.

CN transports a broad range of commodities and manufactured goods, including petroleum and chemicals, grain and fertilizers, forest products, metals and minerals, coal, automotive products and consumer goods.