Analysts Set Canadian National Railway (NYSE:CNI) Price Target at $126.02

Shares of Canadian National Railway (NYSE:CNI) (TSE:CNR) have received a consensus rating of “Hold” from the nineteen brokerages that are currently covering the firm, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, fourteen have assigned a hold recommendation, three have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year price objective among brokers that have covered the stock in the last year is $126.02.

A number of research analysts have commented on the stock. Evercore ISI reduced their price target on shares of Canadian National Railway from $128.00 to $119.00 and set an “in-line” rating on the stock in a research report on Wednesday, September 25th. Sanford C. Bernstein decreased their target price on shares of Canadian National Railway from $130.67 to $126.29 and set a “market perform” rating on the stock in a research report on Wednesday, October 9th. Stephens cut 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 report on Wednesday, July 24th. Benchmark reaffirmed a “hold” rating on shares of Canadian National Railway in a research note on Wednesday, July 24th. Finally, Wells Fargo & Company raised Canadian National Railway from an “equal weight” rating to an “overweight” rating and set a $125.00 target price for the company in a research note on Monday, October 7th.

Canadian National Railway Price Performance

NYSE:CNI opened at $114.42 on Tuesday. The firm has a market capitalization of $72.06 billion, a price-to-earnings ratio of 18.34, a P/E/G ratio of 2.56 and a beta of 0.88. The company has a debt-to-equity ratio of 0.93, a quick ratio of 0.48 and a current ratio of 0.63. The stock has a fifty day moving average of $115.89 and a 200 day moving average of $120.29. Canadian National Railway has a 52-week low of $103.96 and a 52-week high of $134.02.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last issued its quarterly earnings data 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 business had revenue of $4.33 billion for the quarter, compared to analysts’ expectations 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 for the quarter was up 6.7% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.31 EPS. On average, research analysts expect that Canadian National Railway will post 5.54 EPS for the current fiscal year.

Canadian National Railway Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 27th. Shareholders of record on Friday, September 6th were paid a dividend of $0.614 per share. This represents a $2.46 dividend on an annualized basis and a yield of 2.15%. The ex-dividend date was Friday, September 6th. Canadian National Railway’s payout ratio is 39.26%.

Hedge Funds Weigh In On Canadian National Railway

A number of hedge funds have recently bought and sold shares of the company. V Square Quantitative Management LLC bought a new position in Canadian National Railway in the 4th quarter valued at approximately $436,000. Vanguard Group Inc. boosted its position in shares of Canadian National Railway by 1.8% during the fourth quarter. Vanguard Group Inc. now owns 22,395,401 shares of the transportation company’s stock valued at $2,813,534,000 after buying an additional 387,975 shares during the last quarter. HighPoint Advisor Group LLC bought a new stake in Canadian National Railway in the 4th quarter worth about $339,000. CWM LLC increased its holdings in Canadian National Railway by 7.8% in the 1st quarter. CWM LLC now owns 4,021 shares of the transportation company’s stock worth $530,000 after buying an additional 291 shares in the last quarter. Finally, GAMMA Investing LLC raised its position in Canadian National Railway by 766.7% in the 1st quarter. GAMMA Investing LLC now owns 234 shares of the transportation company’s stock worth $31,000 after buying an additional 207 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.