Canadian National Railway (NYSE:CNI) PT Lowered to $126.29

Canadian National Railway (NYSE:CNI) (TSE:CNR) had its target price decreased by Sanford C. Bernstein from $130.67 to $126.29 in a research report report published on Wednesday, Benzinga reports. Sanford C. Bernstein currently has a market perform rating on the transportation company’s stock.

Other research analysts have also issued research reports about the company. Benchmark reiterated a hold rating on shares of Canadian National Railway in a research report on Wednesday, July 24th. Wells Fargo & Company raised shares of Canadian National Railway from an equal weight rating to an overweight rating and set a $125.00 price objective for the company in a report on Monday, October 7th. Citigroup initiated coverage on shares of Canadian National Railway in a research note on Wednesday. They set a neutral rating and a $125.00 target price on the stock. Stephens reduced their price target on shares of Canadian National Railway from $127.00 to $122.00 and set an equal weight rating for the company in a research note on Wednesday, July 24th. Finally, Bank of America cut shares of Canadian National Railway from a buy rating to a neutral rating and decreased their price objective for the company from $129.00 to $122.00 in a report on Friday, October 4th. One research analyst has rated the stock with a sell rating, fifteen have issued a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of Hold and a consensus target price of $126.02.

Canadian National Railway Trading Up 0.6 %

NYSE:CNI opened at $115.84 on Wednesday. Canadian National Railway has a 12-month low of $103.96 and a 12-month 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 business has a 50 day simple moving average of $115.54 and a 200 day simple moving average of $120.66. The firm has a market capitalization of $72.95 billion, a P/E ratio of 18.56, a P/E/G ratio of 2.55 and a beta of 0.88.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last released its quarterly earnings results on Tuesday, July 23rd. The transportation company reported $1.84 EPS for the quarter, missing the consensus estimate of $1.93 by ($0.09). The firm had revenue of $4.33 billion for the quarter, compared to the consensus estimate of $4.40 billion. Canadian National Railway had a return on equity of 23.58% and a net margin of 32.00%. The firm’s revenue was up 6.7% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.31 EPS. Equities research analysts predict that Canadian National Railway will post 5.54 EPS for the current year.

Canadian National Railway Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, September 27th. Stockholders of record on Friday, September 6th were given a dividend of $0.614 per share. This represents a $2.46 dividend on an annualized basis and a dividend yield of 2.12%. The ex-dividend date of this dividend was Friday, September 6th. Canadian National Railway’s dividend payout ratio (DPR) is presently 39.26%.

Hedge Funds Weigh In On Canadian National Railway

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. GQG Partners LLC lifted its stake in Canadian National Railway by 0.8% during the first quarter. GQG Partners LLC now owns 11,424 shares of the transportation company’s stock valued at $1,505,000 after buying an additional 93 shares in the last quarter. Choreo LLC lifted its position in shares of Canadian National Railway by 1.5% in the 1st quarter. Choreo LLC now owns 6,427 shares of the transportation company’s stock valued at $846,000 after acquiring an additional 97 shares in the last quarter. Grove Bank & Trust boosted its stake in Canadian National Railway by 15.3% in the 3rd quarter. Grove Bank & Trust now owns 730 shares of the transportation company’s stock worth $86,000 after purchasing an additional 97 shares during the period. B. Riley Wealth Advisors Inc. boosted its stake in Canadian National Railway by 2.5% in the 1st quarter. B. Riley Wealth Advisors Inc. now owns 4,156 shares of the transportation company’s stock worth $547,000 after purchasing an additional 100 shares during the period. Finally, Whittier Trust Co. of Nevada Inc. grew its position in Canadian National Railway by 1.1% during the 2nd quarter. Whittier Trust Co. of Nevada Inc. now owns 9,350 shares of the transportation company’s stock worth $1,105,000 after purchasing an additional 102 shares in the last quarter. Institutional investors and hedge funds own 80.74% of the company’s stock.

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.