Susquehanna Trims Canadian National Railway (NYSE:CNI) Target Price to $130.00

Canadian National Railway (NYSE:CNI) (TSE:CNR) had its target price cut by Susquehanna from $135.00 to $130.00 in a research report report published on Wednesday morning, Benzinga reports. They currently have a neutral rating on the transportation company’s stock.

A number of other research firms also recently weighed in on CNI. Stephens reiterated an equal weight rating and set a $140.00 target price on shares of Canadian National Railway in a report on Wednesday, April 24th. Jefferies Financial Group started coverage on Canadian National Railway in a report on Monday, April 8th. They issued a hold rating and a $130.00 price objective for the company. Scotiabank upgraded shares of Canadian National Railway from a hold rating to a strong-buy rating in a report on Wednesday, July 10th. StockNews.com lowered shares of Canadian National Railway from a buy rating to a hold rating in a research note on Wednesday, May 22nd. Finally, Sanford C. Bernstein lowered shares of Canadian National Railway from an outperform rating to a market perform rating and dropped their price objective for the stock from $146.25 to $130.67 in a research note on Monday, July 8th. Eighteen research analysts have rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the company has an average rating of Hold and an average target price of $138.35.

Canadian National Railway Stock Performance

Shares of CNI stock opened at $115.45 on Wednesday. The firm has a market capitalization of $73.01 billion, a price-to-earnings ratio of 18.41, a PEG ratio of 2.21 and a beta of 0.89. The stock has a fifty day moving average of $121.28 and a 200 day moving average of $125.48. Canadian National Railway has a 52 week low of $103.96 and a 52 week high of $134.02. The company has a quick ratio of 0.46, a current ratio of 0.63 and a debt-to-equity ratio of 0.93.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last posted its earnings results on Tuesday, July 23rd. The transportation company reported $1.84 EPS for the quarter, missing the consensus estimate of $1.93 by ($0.09). Canadian National Railway had a return on equity of 23.58% and a net margin of 32.00%. The company had revenue of $4.33 billion during the quarter, compared to analysts’ expectations of $4.40 billion. During the same period in the prior year, the business posted $1.31 earnings per share. The company’s revenue for the quarter was up 6.7% on a year-over-year basis. As a group, research analysts expect that Canadian National Railway will post 5.8 earnings per share for the current year.

Canadian National Railway Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, September 27th. Stockholders of record on Friday, September 6th will be issued a dividend of $0.614 per share. This represents a $2.46 dividend on an annualized basis and a dividend yield of 2.13%. The ex-dividend date of this dividend is Friday, September 6th. Canadian National Railway’s payout ratio is presently 39.39%.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the stock. Wells Fargo & Company MN raised its stake in Canadian National Railway by 61.1% during the 4th quarter. Wells Fargo & Company MN now owns 162,179 shares of the transportation company’s stock valued at $20,375,000 after buying an additional 61,498 shares during the last quarter. Royal London Asset Management Ltd. increased its position in Canadian National Railway by 1.1% during the fourth quarter. Royal London Asset Management Ltd. now owns 1,602,728 shares of the transportation company’s stock valued at $201,351,000 after acquiring an additional 17,083 shares during the last quarter. YCG LLC lifted its holdings in Canadian National Railway by 6.0% in the fourth quarter. YCG LLC now owns 250,085 shares of the transportation company’s stock valued at $31,418,000 after acquiring an additional 14,249 shares during the period. Koshinski Asset Management Inc. purchased a new position in Canadian National Railway in the first quarter worth about $627,000. Finally, Virtu Financial LLC bought a new stake in shares of Canadian National Railway during the 4th quarter valued at about $816,000. 80.74% of the stock is 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.