Susquehanna Cuts Canadian National Railway (NYSE:CNI) Price Target to $135.00

Canadian National Railway (NYSE:CNI) (TSE:CNR) had its price objective decreased by Susquehanna from $142.00 to $135.00 in a research note published on Tuesday, Benzinga reports. Susquehanna currently has a neutral rating on the transportation company’s stock.

Other research analysts have also recently issued reports about the company. Wells Fargo & Company initiated coverage on Canadian National Railway in a report on Friday, June 7th. They issued an equal weight rating and a $130.00 price target for the company. Stifel Nicolaus boosted 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. Bank of America raised Canadian National Railway from a neutral rating to a buy rating and boosted their price objective for the stock from $140.00 to $145.00 in a report on Wednesday, April 10th. Stephens reissued 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, Barclays boosted their price objective on Canadian National Railway from $127.00 to $130.00 and gave the stock an equal weight rating in a report on Thursday, April 4th. Eighteen investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of Hold and an average target price of $148.95.

Canadian National Railway Trading Up 0.1 %

Shares of Canadian National Railway stock opened at $118.11 on Tuesday. Canadian National Railway has a 1 year low of $103.96 and a 1 year high of $134.02. The company has a current ratio of 0.60, a quick ratio of 0.46 and a debt-to-equity ratio of 0.84. The company’s fifty day simple moving average is $123.88 and its 200-day simple moving average is $126.16. The company has a market cap of $74.94 billion, a price-to-earnings ratio of 18.84, a PEG ratio of 2.07 and a beta of 0.90.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last issued its quarterly earnings data on Tuesday, April 23rd. The transportation company reported $1.28 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.27 by $0.01. The company had revenue of $3.15 billion during 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%. As a group, sell-side analysts expect that Canadian National Railway will post 5.9 EPS for the current year.

Canadian National Railway Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, June 28th. Shareholders of record on Friday, June 7th were paid a $0.625 dividend. This represents a $2.50 annualized dividend and a yield of 2.12%. The ex-dividend date was Friday, June 7th. Canadian National Railway’s payout ratio is 39.07%.

Institutional Investors Weigh In On Canadian National Railway

Several institutional investors have recently bought and sold shares of the company. EverSource Wealth Advisors LLC lifted its stake in Canadian National Railway by 22.2% in the 1st quarter. EverSource Wealth Advisors LLC now owns 841 shares of the transportation company’s stock valued at $102,000 after acquiring an additional 153 shares in the last quarter. DekaBank Deutsche Girozentrale raised its stake in shares of Canadian National Railway by 2.1% during the 1st quarter. DekaBank Deutsche Girozentrale now owns 456,943 shares of the transportation company’s stock worth $60,415,000 after purchasing an additional 9,204 shares in the last quarter. Pathway Financial Advisers LLC bought a new stake in shares of Canadian National Railway during the 1st quarter worth approximately $217,000. Teachers Retirement System of The State of Kentucky raised its stake in shares of Canadian National Railway by 20.9% during the 1st quarter. Teachers Retirement System of The State of Kentucky now owns 86,280 shares of the transportation company’s stock worth $11,364,000 after purchasing an additional 14,900 shares in the last quarter. Finally, Cetera Advisors LLC raised its stake in shares of Canadian National Railway by 42.4% during the 1st quarter. Cetera Advisors LLC now owns 10,191 shares of the transportation company’s stock worth $1,342,000 after purchasing an additional 3,032 shares in the last quarter. Institutional investors own 80.74% of the company’s stock.

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.