Wells Fargo & Company Cuts Canadian National Railway (NYSE:CNI) Price Target to $125.00

Canadian National Railway (NYSE:CNI) (TSE:CNR) had its price target reduced by Wells Fargo & Company from $133.00 to $125.00 in a report released on Tuesday,Benzinga reports. Wells Fargo & Company currently has an overweight rating on the transportation company’s stock.

A number of other analysts have also recently weighed in on the company. Citigroup upgraded Canadian National Railway from a “neutral” rating to a “buy” rating and upped their price target for the company from $126.00 to $130.00 in a research report on Tuesday, November 12th. Susquehanna dropped their target price on shares of Canadian National Railway from $130.00 to $125.00 and set a “neutral” rating for the company in a research report on Wednesday, October 23rd. Sanford C. Bernstein reduced their price target on shares of Canadian National Railway from $130.67 to $126.29 and set a “market perform” rating on the stock in a research report on Wednesday, October 9th. 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 for the company in a report on Wednesday, October 9th. Finally, Evercore ISI raised Canadian National Railway from a “hold” rating to a “strong-buy” rating in a report on Thursday, December 19th. One equities research analyst has rated the stock with a sell rating, twelve have issued a hold rating, five have issued a buy rating and three have assigned a strong buy rating to the stock. According to data from MarketBeat.com, Canadian National Railway currently has an average rating of “Hold” and a consensus target price of $125.86.

Canadian National Railway Stock Up 0.7 %

Shares of CNI stock opened at $104.37 on Tuesday. The stock has a market cap of $65.66 billion, a P/E ratio of 16.73, a price-to-earnings-growth ratio of 2.43 and a beta of 0.91. The company has a debt-to-equity ratio of 0.96, a current ratio of 0.64 and a quick ratio of 0.49. The stock has a fifty day moving average price of $106.84 and a 200 day moving average price of $112.77. Canadian National Railway has a one year low of $98.96 and a one year high of $134.02.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last announced 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 firm had revenue of $4.11 billion during the quarter, compared to analysts’ expectations of $4.08 billion. Canadian National Railway had a net margin of 31.65% and a return on equity of 23.62%. During the same quarter last year, the company earned $1.26 earnings per share. The company’s revenue for the quarter was up 3.1% compared to the same quarter last year. Analysts predict that Canadian National Railway will post 5.31 earnings per share for the current year.

Canadian National Railway Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 30th. Investors of record on Monday, December 9th were issued a $0.6108 dividend. The ex-dividend date was Monday, December 9th. This represents a $2.44 annualized dividend and a yield of 2.34%. Canadian National Railway’s dividend payout ratio is currently 38.14%.

Institutional Trading of Canadian National Railway

A number of institutional investors have recently bought and sold shares of the business. XTX Topco Ltd boosted its position in shares of Canadian National Railway by 43.3% in the 3rd quarter. XTX Topco Ltd now owns 15,552 shares of the transportation company’s stock worth $1,822,000 after purchasing an additional 4,698 shares during the last quarter. Unigestion Holding SA lifted its stake in Canadian National Railway by 363.6% in the third quarter. Unigestion Holding SA now owns 153,880 shares of the transportation company’s stock valued at $18,012,000 after buying an additional 120,687 shares during the period. Principal Financial Group Inc. lifted its stake in Canadian National Railway by 29.6% in 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 during the period. Connor Clark & Lunn Investment Management Ltd. boosted its holdings in Canadian National Railway by 5.4% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 3,962,972 shares of the transportation company’s stock worth $464,002,000 after buying an additional 202,303 shares during the last quarter. Finally, Partners Group Holding AG grew its position in shares of Canadian National Railway by 16.3% during the 3rd quarter. Partners Group Holding AG now owns 406,066 shares of the transportation company’s stock worth $47,571,000 after buying an additional 56,849 shares during the period. Institutional investors and hedge funds own 80.74% of the company’s stock.

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.