Canadian National Railway (NYSE:CNI) Price Target Cut to $123.00 by Analysts at Wells Fargo & Company

Canadian National Railway (NYSE:CNI) (TSE:CNR) had its price target reduced by Wells Fargo & Company from $125.00 to $123.00 in a research report report published on Monday,Benzinga reports. They currently have an overweight rating on the transportation company’s stock.

Several other research analysts also recently weighed in on the company. Citigroup upgraded Canadian National Railway from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $126.00 to $130.00 in a research note on Tuesday, November 12th. Veritas upgraded Canadian National Railway from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, October 23rd. Sanford C. Bernstein decreased their price objective on shares of Canadian National Railway from $130.67 to $126.29 and set a “market perform” rating for the company in a research report on Wednesday, October 9th. Jefferies Financial Group upgraded shares of Canadian National Railway from a “hold” rating to a “buy” rating and set a $120.00 target price for the company in a research note on Friday. Finally, Stifel Nicolaus upped their price target 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, October 23rd. One research analyst has rated the stock with a sell rating, eight have given a hold rating, six have issued a buy rating and three have given a strong buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $125.77.

Canadian National Railway Stock Up 0.2 %

NYSE:CNI opened at $100.18 on Monday. The company’s 50-day simple moving average is $106.26 and its 200-day simple moving average is $112.30. The company has a debt-to-equity ratio of 0.96, a quick ratio of 0.49 and a current ratio of 0.64. Canadian National Railway has a fifty-two week low of $98.96 and a fifty-two week high of $134.02. The stock has a market capitalization of $63.03 billion, a P/E ratio of 16.05, a P/E/G ratio of 2.43 and a beta of 0.91.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last posted its earnings results on Tuesday, October 22nd. The transportation company reported $1.72 EPS for the quarter, beating 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 23.62%. The company had revenue of $4.11 billion during the quarter, compared to analysts’ expectations of $4.08 billion. During the same quarter in the prior year, the company posted $1.26 earnings per share. Canadian National Railway’s revenue for the quarter was up 3.1% compared to the same quarter last year. On average, equities analysts anticipate that Canadian National Railway will post 5.31 earnings per share for the current fiscal year.

Canadian National Railway Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 30th. Stockholders of record on Monday, December 9th were issued a $0.6108 dividend. The ex-dividend date of this dividend was Monday, December 9th. This represents a $2.44 annualized dividend and a dividend yield of 2.44%. Canadian National Railway’s dividend payout ratio (DPR) is presently 38.14%.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of CNI. Wellington Management Group LLP boosted its position in Canadian National Railway by 4.4% in the 3rd quarter. Wellington Management Group LLP now owns 18,562,189 shares of the transportation company’s stock worth $2,175,935,000 after purchasing an additional 790,420 shares in the last quarter. 1832 Asset Management L.P. boosted its holdings in Canadian National Railway by 7.8% during the second quarter. 1832 Asset Management L.P. now owns 9,365,622 shares of the transportation company’s stock worth $1,106,361,000 after buying an additional 674,536 shares in the last quarter. JARISLOWSKY FRASER Ltd grew its position in Canadian National Railway by 1.2% during the second quarter. JARISLOWSKY FRASER Ltd now owns 8,610,928 shares of the transportation company’s stock valued at $1,017,315,000 after buying an additional 99,716 shares during the period. National Bank of Canada FI increased its holdings in Canadian National Railway by 46.5% in the third quarter. National Bank of Canada FI now owns 6,737,322 shares of the transportation company’s stock valued at $789,030,000 after buying an additional 2,137,948 shares in the last quarter. Finally, Fiera Capital Corp raised its position in shares of Canadian National Railway by 0.7% in the third quarter. Fiera Capital Corp now owns 5,482,524 shares of the transportation company’s stock worth $642,828,000 after acquiring an additional 39,063 shares during the period. 80.74% of the stock is currently owned by hedge funds and other 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.