Canadian National Railway (NYSE:CNI) Price Target Cut to $130.00 by Analysts at Stifel Nicolaus

Canadian National Railway (NYSE:CNI) (TSE:CNR) had its target price decreased by Stifel Nicolaus from $133.00 to $130.00 in a research note released on Friday, Benzinga reports. Stifel Nicolaus currently has a hold rating on the transportation company’s stock.

Several other brokerages also recently weighed in on CNI. Sanford C. Bernstein lowered their target price on Canadian National Railway from $130.67 to $126.29 and set a market perform rating on the stock in a research note on Wednesday. Benchmark reiterated a hold rating on shares of Canadian National Railway in a research note on Wednesday, July 24th. Royal Bank of Canada upgraded Canadian National Railway from a sector perform rating to an outperform rating in a research note on Thursday. Wells Fargo & Company upgraded Canadian National Railway from an equal weight rating to an overweight rating and set a $125.00 price target on the stock in a research note on Monday, October 7th. Finally, National Bank Financial upgraded Canadian National Railway from a sector perform rating to an outperform rating in a research note on Thursday, June 27th. One investment analyst has rated the stock with a sell rating, fifteen have issued a hold rating, three have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, Canadian National Railway has an average rating of Hold and a consensus price target of $126.02.

Canadian National Railway Trading Up 0.6 %

NYSE:CNI opened at $115.84 on Friday. The stock’s 50 day moving average price is $115.54 and its 200 day moving average price is $120.73. The company has a market capitalization of $72.95 billion, a PE ratio of 18.56, a P/E/G ratio of 2.55 and a beta of 0.88. The company has a quick ratio of 0.48, a current ratio of 0.63 and a debt-to-equity ratio of 0.93. Canadian National Railway has a 52-week low of $103.96 and a 52-week high of $134.02.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last announced its earnings results on Tuesday, July 23rd. The transportation company reported $1.84 earnings per share for the quarter, missing the consensus estimate of $1.93 by ($0.09). Canadian National Railway had a net margin of 32.00% and a return on equity of 23.58%. The company had revenue of $4.33 billion during the quarter, compared to analysts’ expectations of $4.40 billion. During the same quarter last year, the business posted $1.31 earnings per share. The company’s revenue for the quarter was up 6.7% compared to the same quarter last year. On average, research analysts anticipate that Canadian National Railway will post 5.54 EPS for the current year.

Canadian National Railway Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 27th. Stockholders of record on Friday, September 6th were given a $0.614 dividend. This represents a $2.46 dividend on an annualized basis and a dividend yield of 2.12%. The ex-dividend date was Friday, September 6th. Canadian National Railway’s dividend payout ratio is currently 39.26%.

Institutional Investors Weigh In On Canadian National Railway

Institutional investors have recently added to or reduced their stakes in the company. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in Canadian National Railway during the second quarter valued at about $26,000. GAMMA Investing LLC grew its position in Canadian National Railway by 766.7% during the first quarter. GAMMA Investing LLC now owns 234 shares of the transportation company’s stock valued at $31,000 after acquiring an additional 207 shares during the period. Addison Advisors LLC grew its position in Canadian National Railway by 159.1% during the second quarter. Addison Advisors LLC now owns 241 shares of the transportation company’s stock valued at $28,000 after acquiring an additional 148 shares during the period. ORG Partners LLC purchased a new stake in Canadian National Railway during the second quarter valued at about $34,000. Finally, Daiwa Securities Group Inc. purchased a new stake in Canadian National Railway during the first quarter valued at about $64,000. Hedge funds and other institutional investors own 80.74% of the company’s stock.

About Canadian National Railway

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.