Canadian National Railway (NYSE:CNI) PT Lowered to $125.00 at Susquehanna

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

CNI has been the subject of several other research reports. Bank of America cut shares of Canadian National Railway from a “buy” rating to a “neutral” rating and decreased their target price for the stock from $129.00 to $122.00 in a research report on Friday, October 4th. Benchmark restated a “hold” rating on shares of Canadian National Railway in a research report on Wednesday, July 24th. Sanford C. Bernstein cut their target price on Canadian National Railway from $130.67 to $126.29 and set a “market perform” rating on the stock in a research note on Wednesday, October 9th. The Goldman Sachs Group decreased their price target on Canadian National Railway from $131.00 to $124.00 and set a “sell” rating for the company in a research note on Wednesday, October 9th. Finally, Stifel Nicolaus cut 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 research note on Friday, October 11th. One analyst has rated the stock with a sell rating, fifteen have assigned a hold rating, three have assigned a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, Canadian National Railway presently has a consensus rating of “Hold” and a consensus target price of $125.18.

Canadian National Railway Trading Up 0.1 %

NYSE:CNI opened at $110.96 on Wednesday. The firm has a market capitalization of $69.88 billion, a P/E ratio of 17.83, a P/E/G ratio of 2.50 and a beta of 0.88. The business has a 50 day simple moving average of $115.97 and a 200 day simple moving average of $119.66. The company has a debt-to-equity ratio of 0.93, a current ratio of 0.63 and a quick ratio of 0.48. Canadian National Railway has a 12-month low of $103.96 and a 12-month 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 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.70 by $0.02. The company had revenue of $4.11 billion during the quarter, compared to the consensus estimate of $4.08 billion. Canadian National Railway had a net margin of 31.65% and a return on equity of 23.49%. The company’s revenue for the quarter was up 3.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.26 earnings per share. Equities research analysts predict that Canadian National Railway will post 5.5 EPS for the current year.

Canadian National Railway Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, December 30th. Shareholders of record on Monday, December 9th will be issued a $0.6108 dividend. The ex-dividend date is Monday, December 9th. This represents a $2.44 annualized dividend and a dividend yield of 2.20%. Canadian National Railway’s dividend payout ratio is currently 39.26%.

Institutional Investors Weigh In On Canadian National Railway

Several large investors have recently modified their holdings of the stock. GAMMA Investing LLC boosted 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 period. Ballentine Partners LLC purchased a new position in shares of Canadian National Railway in the first quarter worth approximately $203,000. Sunbelt Securities Inc. raised its holdings in shares of Canadian National Railway by 6.6% during the first quarter. Sunbelt Securities Inc. now owns 3,161 shares of the transportation company’s stock valued at $416,000 after acquiring an additional 197 shares during the period. Janiczek Wealth Management LLC lifted its position in shares of Canadian National Railway by 15.1% in the 1st quarter. Janiczek Wealth Management LLC now owns 1,059 shares of the transportation company’s stock valued at $139,000 after acquiring an additional 139 shares in the last quarter. Finally, Stokes Capital Advisors LLC grew its position in Canadian National Railway by 1.1% during the 1st quarter. Stokes Capital Advisors LLC now owns 51,379 shares of the transportation company’s stock worth $6,767,000 after purchasing an additional 582 shares in the last quarter. 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.