Canadian National Railway (NYSE:CNI) Price Target Lowered to $113.00 at Susquehanna

Canadian National Railway (NYSE:CNI) (TSE:CNR) had its price target cut by Susquehanna from $115.00 to $113.00 in a research report released on Thursday morning,Benzinga reports. They currently have a neutral rating on the transportation company’s stock.

CNI has been the subject of a number of other reports. Barclays reduced their price target on shares of Canadian National Railway from $121.00 to $112.00 and set an “equal weight” rating for the company in a research note on Friday, January 17th. Loop Capital cut shares of Canadian National Railway from a “hold” rating to a “sell” rating in a research report on Monday, February 3rd. Jefferies Financial Group upgraded shares of Canadian National Railway from a “hold” rating to a “buy” rating and set a $120.00 price target for the company in a report on Friday, January 10th. TD Securities raised shares of Canadian National Railway from a “hold” rating to a “strong-buy” rating in a research report on Monday, January 13th. Finally, Stifel Nicolaus upped their price objective on shares of Canadian National Railway from $120.00 to $125.00 and gave the stock a “buy” rating in a report on Friday, January 31st. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating, seven have issued a buy rating and four have given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $124.02.

Canadian National Railway Stock Performance

NYSE CNI opened at $97.39 on Thursday. The company has a debt-to-equity ratio of 0.94, a current ratio of 0.66 and a quick ratio of 0.48. Canadian National Railway has a 1-year low of $93.64 and a 1-year high of $132.27. The firm has a market capitalization of $61.20 billion, a P/E ratio of 19.02, a P/E/G ratio of 1.95 and a beta of 0.91. The business’s 50-day simple moving average is $101.07 and its 200-day simple moving average is $106.58.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last released its quarterly earnings results on Thursday, January 30th. The transportation company reported $1.30 EPS for the quarter, missing the consensus estimate of $1.39 by ($0.09). Canadian National Railway had a return on equity of 22.48% and a net margin of 26.09%. Equities analysts predict that Canadian National Railway will post 5.52 EPS for the current year.

Canadian National Railway Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Monday, March 10th will be given a $0.6159 dividend. This represents a $2.46 dividend on an annualized basis and a dividend yield of 2.53%. This is a boost from Canadian National Railway’s previous quarterly dividend of $0.61. The ex-dividend date of this dividend is Monday, March 10th. Canadian National Railway’s dividend payout ratio (DPR) is presently 47.66%.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the stock. XTX Topco Ltd lifted its holdings in shares of Canadian National Railway by 43.3% in the third quarter. XTX Topco Ltd now owns 15,552 shares of the transportation company’s stock worth $1,822,000 after acquiring an additional 4,698 shares during the last quarter. Unigestion Holding SA lifted its stake in shares of Canadian National Railway by 363.6% in the 3rd quarter. Unigestion Holding SA now owns 153,880 shares of the transportation company’s stock valued at $18,012,000 after purchasing an additional 120,687 shares during the period. Synovus Financial Corp increased its stake in shares of Canadian National Railway by 82.3% in the 3rd quarter. Synovus Financial Corp now owns 13,873 shares of the transportation company’s stock valued at $1,625,000 after acquiring an additional 6,261 shares in the last quarter. Sustainable Insight Capital Management LLC bought a new position in shares of Canadian National Railway during the 4th quarter worth about $436,000. Finally, Two Sigma Advisers LP grew its stake in Canadian National Railway by 123.7% in the third quarter. Two Sigma Advisers LP now owns 172,172 shares of the transportation company’s stock valued at $20,170,000 after acquiring an additional 95,200 shares during the period. 80.74% of the stock is owned by institutional investors.

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.