Susquehanna Cuts Canadian National Railway (NYSE:CNI) Price Target to $125.00

Canadian National Railway (NYSE:CNI) (TSE:CNR) had its price target trimmed by Susquehanna from $130.00 to $125.00 in a research report released on Wednesday, Benzinga reports. The brokerage currently has a neutral rating on the transportation company’s stock.

Several other research firms have also recently weighed in on CNI. Scotiabank raised shares of Canadian National Railway from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, July 10th. Stephens decreased their price objective on shares of Canadian National Railway from $127.00 to $122.00 and set an “equal weight” rating on the stock in a report on Wednesday, July 24th. Bank of America lowered shares of Canadian National Railway from a “buy” rating to a “neutral” rating and decreased their price objective for the stock from $129.00 to $122.00 in a report on Friday, October 4th. Royal Bank of Canada upgraded shares of Canadian National Railway from a “sector perform” rating to an “outperform” rating in a report on Thursday, October 10th. Finally, Stifel Nicolaus decreased their price objective 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. One research analyst has rated the stock with a sell rating, fifteen have issued a hold rating, three have given a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $125.18.

Canadian National Railway Stock Performance

Canadian National Railway stock opened at $110.97 on Wednesday. The firm has a 50 day simple moving average of $115.93 and a 200-day simple moving average of $119.53. Canadian National Railway has a 1-year low of $103.96 and a 1-year high of $134.02. The company has a debt-to-equity ratio of 0.93, a current ratio of 0.63 and a quick ratio of 0.48. The stock has a market cap of $70.18 billion, a price-to-earnings ratio of 17.70, a price-to-earnings-growth ratio of 2.50 and a beta of 0.88.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last posted its quarterly earnings results 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. Canadian National Railway had a net margin of 31.65% and a return on equity of 23.49%. The business had revenue of $4.11 billion during the quarter, compared to analysts’ expectations of $4.08 billion. During the same quarter in the prior year, the company posted $1.26 EPS. The business’s revenue for the quarter was up 3.1% on a year-over-year basis. On average, analysts expect that Canadian National Railway will post 5.5 EPS for the current year.

Canadian National Railway Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 30th. Shareholders of record on Monday, December 9th will be issued a dividend of $0.6108 per share. The ex-dividend date of this dividend is Monday, December 9th. This represents a $2.44 dividend on an annualized basis and a yield of 2.20%. Canadian National Railway’s dividend payout ratio (DPR) is presently 39.71%.

Institutional Investors Weigh In On Canadian National Railway

A number of hedge funds have recently added to or reduced their stakes in the business. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in shares of Canadian National Railway in the 2nd quarter valued at approximately $26,000. Addison Advisors LLC increased its position in shares of Canadian National Railway by 159.1% in the 2nd quarter. Addison Advisors LLC now owns 241 shares of the transportation company’s stock valued at $28,000 after purchasing an additional 148 shares during the last quarter. Fortitude Family Office LLC increased its position in shares of Canadian National Railway by 738.7% in the 3rd quarter. Fortitude Family Office LLC now owns 260 shares of the transportation company’s stock valued at $30,000 after purchasing an additional 229 shares during the last quarter. GAMMA Investing LLC increased its position in shares of Canadian National Railway by 766.7% in the 1st quarter. GAMMA Investing LLC now owns 234 shares of the transportation company’s stock valued at $31,000 after purchasing an additional 207 shares during the last quarter. Finally, ORG Partners LLC purchased a new stake in shares of Canadian National Railway in the 2nd quarter valued at approximately $34,000. 80.74% of the stock is currently 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.