Canadian National Railway (NYSE:CNI) Price Target Raised to $145.00

Canadian National Railway (NYSE:CNI – Free Report) (TSE:CNR) had its price objective hoisted by Citigroup from $143.00 to $145.00 in a research report sent to investors on Monday morning,Benzinga reports. The brokerage currently has a buy rating on the transportation company’s stock.

A number of other analysts also recently commented on CNI. Citizens Jmp initiated coverage on shares of Canadian National Railway in a report on Wednesday, July 15th. They issued a “market perform” rating for the company. Benchmark restated a “hold” rating on shares of Canadian National Railway in a report on Monday, July 27th. Royal Bank Of Canada boosted their target price on Canadian National Railway from $195.00 to $205.00 and gave the stock an “outperform” rating in a report on Monday, July 27th. Susquehanna dropped their price target on Canadian National Railway from $142.00 to $130.00 and set a “neutral” rating for the company in a research report on Friday, October 2nd. Finally, Bank of America cut their price target on Canadian National Railway from $146.00 to $143.00 and set a “buy” rating for the company in a report on Wednesday, September 23rd. Nine equities research analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $138.76.

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Canadian National Railway Price Performance

Shares of NYSE CNI opened at $129.19 on Monday. The firm has a 50-day simple moving average of $121.64 and a 200-day simple moving average of $115.78. The company has a quick ratio of 0.61, a current ratio of 0.82 and a debt-to-equity ratio of 0.98. The stock has a market capitalization of $77.84 billion, a price-to-earnings ratio of 21.63, a price-to-earnings-growth ratio of 2.31 and a beta of 0.90. Canadian National Railway has a 52 week low of $90.74 and a 52 week high of $131.55.

Canadian National Railway (NYSE:CNI – Get Free Report) (TSE:CNR) last posted its quarterly earnings results on Friday, October 30th. The transportation company reported $1.54 earnings per share for the quarter, topping analysts’ consensus estimates of $1.49 by $0.05. The firm had revenue of $3.35 billion for the quarter, compared to analyst estimates of $3.27 billion. Canadian National Railway had a net margin of 26.42% and a return on equity of 22.82%. Canadian National Railway’s quarterly revenue was down 99.9% on a year-over-year basis. During the same period in the previous year, the business posted $1.83 earnings per share. On average, equities analysts predict that Canadian National Railway will post 5.84 earnings per share for the current fiscal year.

Canadian National Railway Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, December 30th. Stockholders of record on Wednesday, December 9th will be given a dividend of C$0.92 per share. The ex-dividend date of this dividend is Wednesday, December 9th. This represents a $3.66 annualized dividend and a dividend yield of 2.8%. Canadian National Railway’s payout ratio is presently 45.30%.

Institutional Investors Weigh In On Canadian National Railway

Hedge funds have recently modified their holdings of the company. Pin Oak Investment Advisors Inc. acquired a new stake in shares of Canadian National Railway in the second quarter valued at $27,000. Financial Network Wealth Advisors LLC raised its holdings in shares of Canadian National Railway by 103.4% in the 3rd quarter. Financial Network Wealth Advisors LLC now owns 238 shares of the transportation company’s stock valued at $28,000 after buying an additional 121 shares during the period. Root Financial Partners LLC purchased a new stake in shares of Canadian National Railway in the 3rd quarter valued at $30,000. Balance Wealth Partners LLC acquired a new position in Canadian National Railway during the 3rd quarter worth about $40,000. Finally, Cassaday & Co Wealth Management LLC acquired a new position in Canadian National Railway during the 1st quarter worth about $46,000. Hedge funds and other institutional investors own 80.74% of the company’s stock.

Canadian National Railway Company Profile

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Canadian National Railway Company (NYSE: CNI) is a transportation and logistics company that operates a major freight railway network across Canada and the United States. The company provides rail, intermodal and related transportation services for shippers, connecting production and consumption centers with ports and distribution hubs.

CN transports a broad range of commodities and manufactured goods, including petroleum and chemicals, grain and fertilizers, forest products, metals and minerals, coal, automotive products and consumer goods.

Further Reading

Analyst Recommendations for Canadian National Railway (NYSE:CNI)

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