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

Canadian National Railway (NYSE:CNIGet Rating) (TSE:CNR) had its price target raised by Bank of America from $131.00 to $140.00 in a research note published on Tuesday, The Fly reports. Bank of America currently has a buy rating on the transportation company’s stock.

Several other equities research analysts also recently commented on the stock. Credit Suisse Group lifted their price objective on shares of Canadian National Railway from $124.00 to $127.00 and gave the stock a neutral rating in a research note on Wednesday, October 26th. Susquehanna reduced their target price on shares of Canadian National Railway from $129.00 to $109.00 in a report on Wednesday, September 28th. Scotiabank raised their target price on shares of Canadian National Railway from C$156.00 to C$159.00 in a report on Wednesday, October 26th. Susquehanna Bancshares reduced their target price on shares of Canadian National Railway from $129.00 to $109.00 and set a neutral rating for the company in a report on Wednesday, September 28th. Finally, National Bank Financial raised their target price on shares of Canadian National Railway from C$166.00 to C$173.00 in a report on Thursday, September 22nd. Nine analysts have rated the stock with a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of Moderate Buy and a consensus price target of $141.43.

Canadian National Railway Price Performance

Shares of CNI opened at $127.83 on Tuesday. The company has a market cap of $86.56 billion, a price-to-earnings ratio of 23.24, a price-to-earnings-growth ratio of 2.09 and a beta of 0.89. Canadian National Railway has a twelve month low of $103.79 and a twelve month high of $137.19. The company has a quick ratio of 0.80, a current ratio of 1.01 and a debt-to-equity ratio of 0.66. The company has a 50 day moving average of $117.09 and a two-hundred day moving average of $117.12.

Canadian National Railway (NYSE:CNIGet Rating) (TSE:CNR) last announced its earnings results on Tuesday, October 25th. The transportation company reported $1.63 earnings per share for the quarter, beating the consensus estimate of $1.51 by $0.12. Canadian National Railway had a net margin of 29.99% and a return on equity of 22.23%. The company had revenue of $4.51 billion during the quarter, compared to the consensus estimate of $4.32 billion. During the same period last year, the firm earned $1.21 earnings per share. Canadian National Railway’s revenue was up 25.7% compared to the same quarter last year. As a group, analysts predict that Canadian National Railway will post 5.58 earnings per share for the current fiscal year.

Canadian National Railway Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 29th. Stockholders of record on Thursday, December 8th will be paid a dividend of $0.53 per share. The ex-dividend date is Wednesday, December 7th. This represents a $2.12 dividend on an annualized basis and a dividend yield of 1.66%. Canadian National Railway’s dividend payout ratio is currently 40.55%.

Institutional Trading of Canadian National Railway

A number of institutional investors and hedge funds have recently modified their holdings of CNI. Massmutual Trust Co. FSB ADV boosted its position in Canadian National Railway by 108.7% during the third quarter. Massmutual Trust Co. FSB ADV now owns 263 shares of the transportation company’s stock worth $28,000 after acquiring an additional 137 shares during the last quarter. NuWave Investment Management LLC acquired a new position in Canadian National Railway during the second quarter worth about $32,000. Clear Street Markets LLC acquired a new position in Canadian National Railway during the second quarter worth about $34,000. Hazlett Burt & Watson Inc. acquired a new position in Canadian National Railway during the second quarter worth about $34,000. Finally, JJJ Advisors Inc. boosted its position in Canadian National Railway by 266.7% during the first quarter. JJJ Advisors Inc. now owns 275 shares of the transportation company’s stock worth $37,000 after acquiring an additional 200 shares during the last quarter. Hedge funds and other institutional investors own 79.45% of the company’s stock.

About Canadian National Railway

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Canadian National Railway Company, together with its subsidiaries, engages in the rail and related transportation business. The company's portfolio of goods includes petroleum and chemicals, grain and fertilizers, coal, metals and minerals, forest products, intermodal, and automotive products serving exporters, importers, retailers, farmers, and manufacturers.

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