Canadian National Railway (NYSE:CNI) Given New $135.00 Price Target at Susquehanna

Canadian National Railway (NYSE:CNI) (TSE:CNR) had its price target cut by Susquehanna from $142.00 to $135.00 in a report issued on Tuesday, Benzinga reports. They currently have a neutral rating on the transportation company’s stock.

Several other analysts have also recently issued reports on CNI. Wells Fargo & Company assumed coverage on Canadian National Railway in a report on Friday, June 7th. They set an equal weight rating and a $130.00 price objective on the stock. Stifel Nicolaus upped their price objective on Canadian National Railway from $121.00 to $134.00 and gave the stock a hold rating in a report on Friday, April 12th. Benchmark reaffirmed a hold rating on shares of Canadian National Railway in a report on Wednesday, April 24th. Stephens reaffirmed an equal weight rating and set a $140.00 price objective on shares of Canadian National Railway in a report on Wednesday, April 24th. Finally, StockNews.com downgraded Canadian National Railway from a buy rating to a hold rating in a research report on Wednesday, May 22nd. Eighteen equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of Hold and a consensus target price of $148.95.

Canadian National Railway Stock Down 0.4 %

NYSE CNI opened at $117.88 on Tuesday. The stock’s 50 day moving average is $124.43 and its 200 day moving average is $126.28. The company has a current ratio of 0.60, a quick ratio of 0.46 and a debt-to-equity ratio of 0.84. Canadian National Railway has a 12 month low of $103.96 and a 12 month high of $134.02. The stock has a market cap of $74.80 billion, a PE ratio of 18.80, a P/E/G ratio of 2.05 and a beta of 0.90.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last posted its quarterly earnings results on Tuesday, April 23rd. The transportation company reported $1.28 EPS for the quarter, topping analysts’ consensus estimates of $1.27 by $0.01. The company had revenue of $3.15 billion for the quarter, compared to analysts’ expectations of $3.16 billion. Canadian National Railway had a return on equity of 23.27% and a net margin of 32.81%. Research analysts predict that Canadian National Railway will post 5.9 EPS for the current fiscal year.

Canadian National Railway Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Friday, June 7th will be given a dividend of $0.625 per share. This represents a $2.50 dividend on an annualized basis and a dividend yield of 2.12%. The ex-dividend date of this dividend is Friday, June 7th. Canadian National Railway’s payout ratio is 39.08%.

Hedge Funds Weigh In On Canadian National Railway

Hedge funds and other institutional investors have recently made changes to their positions in the company. Wells Fargo & Company MN grew its position in shares of Canadian National Railway by 61.1% during the 4th quarter. Wells Fargo & Company MN now owns 162,179 shares of the transportation company’s stock worth $20,375,000 after buying an additional 61,498 shares in the last quarter. Royal London Asset Management Ltd. lifted its stake in shares of Canadian National Railway by 1.1% during the 4th quarter. Royal London Asset Management Ltd. now owns 1,602,728 shares of the transportation company’s stock worth $201,351,000 after purchasing an additional 17,083 shares during the last quarter. YCG LLC lifted its stake in shares of Canadian National Railway by 6.0% during the 4th quarter. YCG LLC now owns 250,085 shares of the transportation company’s stock worth $31,418,000 after purchasing an additional 14,249 shares during the last quarter. Virtu Financial LLC purchased a new stake in shares of Canadian National Railway during the 4th quarter worth $816,000. Finally, TD Asset Management Inc lifted its stake in shares of Canadian National Railway by 2.8% during the 4th quarter. TD Asset Management Inc now owns 11,651,919 shares of the transportation company’s stock worth $1,471,733,000 after purchasing an additional 314,600 shares during the last quarter. Institutional investors 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.