Citigroup Increases Canadian National Railway (NYSE:CNI) Price Target to $126.00

Canadian National Railway (NYSE:CNI) (TSE:CNR) had its price target hoisted by Citigroup from $125.00 to $126.00 in a report issued on Thursday, Benzinga reports. They currently have a neutral rating on the transportation company’s stock.

A number of other research analysts have also weighed in on the stock. Susquehanna reduced their price objective on shares of Canadian National Railway from $130.00 to $125.00 and set a “neutral” rating for the company in a research note on Wednesday. Evercore ISI reduced their price objective on shares of Canadian National Railway from $119.00 to $116.00 and set an “in-line” rating for the company in a research note on Wednesday. Benchmark reiterated a “hold” rating on shares of Canadian National Railway in a research note on Wednesday, July 24th. Stifel Nicolaus lifted their price objective on shares of Canadian National Railway from $130.00 to $132.00 and gave the company a “hold” rating in a research note on Wednesday. Finally, The Goldman Sachs Group reduced 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 research note on Wednesday, October 9th. One research analyst has rated the stock with a sell rating, fifteen have given a hold rating, three have assigned a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat, Canadian National Railway has an average rating of “Hold” and an average target price of $125.18.

Canadian National Railway Trading Up 0.1 %

NYSE:CNI opened at $110.97 on Thursday. The company has a current ratio of 0.63, a quick ratio of 0.48 and a debt-to-equity ratio of 0.93. The stock has a market capitalization of $70.18 billion, a PE ratio of 17.70, a price-to-earnings-growth ratio of 2.50 and a beta of 0.88. The firm’s 50 day moving average is $115.93 and its 200 day moving average is $119.45. 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 posted 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. Canadian National Railway had a net margin of 31.65% and a return on equity of 23.49%. The company had revenue of $4.11 billion for the quarter, compared to analysts’ expectations of $4.08 billion. During the same quarter in the previous year, the firm posted $1.26 EPS. Canadian National Railway’s revenue was up 3.1% on a year-over-year basis. Sell-side analysts expect that Canadian National Railway will post 5.5 earnings per share for the current year.

Canadian National Railway Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 30th. Shareholders of record on Monday, December 9th will be paid a $0.6108 dividend. This represents a $2.44 annualized dividend and a yield of 2.20%. The ex-dividend date is Monday, December 9th. Canadian National Railway’s dividend payout ratio is presently 39.71%.

Institutional Trading of Canadian National Railway

Several hedge funds have recently added to or reduced their stakes in CNI. Thurston Springer Miller Herd & Titak Inc. bought a new stake in Canadian National Railway in the second quarter worth $26,000. Addison Advisors LLC lifted its stake in Canadian National Railway by 159.1% in the second quarter. Addison Advisors LLC now owns 241 shares of the transportation company’s stock worth $28,000 after purchasing an additional 148 shares during the last quarter. Fortitude Family Office LLC lifted its stake in Canadian National Railway by 738.7% in the third quarter. Fortitude Family Office LLC now owns 260 shares of the transportation company’s stock worth $30,000 after purchasing an additional 229 shares during the last quarter. GAMMA Investing LLC lifted its stake in Canadian National Railway by 766.7% in the first quarter. GAMMA Investing LLC now owns 234 shares of the transportation company’s stock worth $31,000 after purchasing an additional 207 shares during the last quarter. Finally, ORG Partners LLC bought a new stake in Canadian National Railway in the second quarter worth $34,000. 80.74% of the stock is owned by institutional investors.

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.