Barclays Lowers Canadian National Railway (NYSE:CNI) Price Target to $128.00

Canadian National Railway (NYSE:CNI) (TSE:CNR) had its price target cut by Barclays from $130.00 to $128.00 in a report published on Tuesday, MarketBeat reports. They currently have an equal weight rating on the transportation company’s stock.

A number of other analysts also recently commented on the stock. Susquehanna dropped their target price on shares of Canadian National Railway from $142.00 to $135.00 and set a neutral rating on the stock in a report on Tuesday, June 25th. Wells Fargo & Company assumed coverage on shares of Canadian National Railway in a report on Friday, June 7th. They issued an equal weight rating and a $130.00 target price on the stock. Bank of America upgraded shares of Canadian National Railway from a neutral rating to a buy rating and boosted their target price for the stock from $140.00 to $145.00 in a report on Wednesday, April 10th. Sanford C. Bernstein downgraded shares of Canadian National Railway from an outperform rating to a market perform rating and dropped their target price for the stock from $146.25 to $130.67 in a research report on Monday, July 8th. Finally, Stephens restated an equal weight rating and set a $140.00 price target on shares of Canadian National Railway in a report on Wednesday, April 24th. Eighteen equities research analysts have rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company has an average rating of Hold and an average target price of $148.08.

Canadian National Railway Stock Down 0.4 %

CNI stock opened at $120.62 on Tuesday. Canadian National Railway has a 52 week low of $103.96 and a 52 week high of $134.02. The company has a market capitalization of $76.28 billion, a price-to-earnings ratio of 19.24, a price-to-earnings-growth ratio of 2.33 and a beta of 0.89. The firm’s 50-day moving average is $122.19 and its two-hundred day moving average is $125.76. 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 (NYSE:CNI) (TSE:CNR) last released 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. Canadian National Railway had a net margin of 32.81% and a return on equity of 23.27%. The company had revenue of $3.15 billion for the quarter, compared to the consensus estimate of $3.16 billion. On average, analysts forecast that Canadian National Railway will post 5.85 earnings per share for the current fiscal year.

Canadian National Railway Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, June 28th. Stockholders of record on Friday, June 7th were paid a dividend of $0.625 per share. The ex-dividend date was Friday, June 7th. This represents a $2.50 annualized dividend and a dividend yield of 2.07%. Canadian National Railway’s dividend payout ratio (DPR) is 39.55%.

Institutional Trading of Canadian National Railway

Large investors have recently modified their holdings of the company. Bfsg LLC boosted its holdings in shares of Canadian National Railway by 110.5% during the 1st quarter. Bfsg LLC now owns 200 shares of the transportation company’s stock worth $26,000 after buying an additional 105 shares during the period. Thurston Springer Miller Herd & Titak Inc. bought a new stake in Canadian National Railway in the 2nd quarter valued at $26,000. GAMMA Investing LLC boosted its holdings in Canadian National Railway by 766.7% in the 1st quarter. GAMMA Investing LLC now owns 234 shares of the transportation company’s stock valued at $31,000 after purchasing an additional 207 shares during the period. ORG Partners LLC bought a new stake in Canadian National Railway in the 2nd quarter valued at $34,000. Finally, Keener Financial Planning LLC bought a new stake in Canadian National Railway in the 4th quarter valued at $46,000. 80.74% of the stock is owned by 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.