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

Canadian National Railway (NYSE:CNI) (TSE:CNR) had its price objective decreased by Susquehanna from $142.00 to $130.00 in a report published on Friday,Benzinga reports. Susquehanna currently has a neutral rating on the transportation company’s stock.

A number of other research analysts have also recently commented on the company. Benchmark reaffirmed a “hold” rating on shares of Canadian National Railway in a research report on Monday, July 27th. Argus restated a “hold” rating on shares of Canadian National Railway in a research note on Monday, August 31st. Wells Fargo & Company upped their price objective on shares of Canadian National Railway from $135.00 to $145.00 and gave the company an “overweight” rating in a report on Monday, July 27th. Royal Bank Of Canada lifted their target price on shares of Canadian National Railway from $195.00 to $205.00 and gave the stock an “outperform” rating in a research note on Monday, July 27th. Finally, Evercore upgraded shares of Canadian National Railway from an “in-line” rating to an “outperform” rating and set a $124.00 price target on the stock in a research note on Thursday, June 25th. Nine investment analysts have rated the stock with a Buy rating and nine have given a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $137.31.

Canadian National Railway Trading Down 0.0%

Shares of Canadian National Railway stock opened at $119.72 on Friday. The firm has a market cap of $72.32 billion, a PE ratio of 21.23, a P/E/G ratio of 2.14 and a beta of 0.96. Canadian National Railway has a 1 year low of $90.74 and a 1 year high of $131.55. The company has a debt-to-equity ratio of 0.99, a current ratio of 0.87 and a quick ratio of 0.61. The stock has a fifty day moving average price of $124.08 and a 200-day moving average price of $117.87.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last released its earnings results on Friday, July 24th. The transportation company reported $1.50 earnings per share for the quarter, beating analysts’ consensus estimates of $1.39 by $0.11. Canadian National Railway had a net margin of 26.92% and a return on equity of 22.22%. The firm had revenue of $3.35 billion during the quarter, compared to the consensus estimate of $3.26 billion. During the same period in the prior year, the firm earned $1.87 EPS. The company’s revenue was up 11.3% compared to the same quarter last year. Equities research analysts anticipate that Canadian National Railway will post 5.82 EPS for the current year.

Canadian National Railway Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 29th. Investors of record on Tuesday, September 8th were paid a dividend of C$0.92 per share. The ex-dividend date of this dividend was Tuesday, September 8th. This represents a $3.66 annualized dividend and a yield of 3.1%. Canadian National Railway’s payout ratio is currently 46.10%.

Institutional Trading of Canadian National Railway

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Pin Oak Investment Advisors Inc. purchased a new position in shares of Canadian National Railway during the 2nd quarter valued at $27,000. Curio Wealth LLC bought a new position in shares of Canadian National Railway in the fourth quarter worth $31,000. MidFirst Bank purchased a new stake in shares of Canadian National Railway in the fourth quarter worth $31,000. MBM Wealth Consultants LLC purchased a new stake in shares of Canadian National Railway in the first quarter worth $37,000. Finally, Cassaday & Co Wealth Management LLC bought a new stake in Canadian National Railway during the first quarter valued at $46,000. Institutional investors own 80.74% of the company’s stock.

About Canadian National Railway

Canadian National Railway Company (NYSE:CNI) is a transportation and logistics company that operates a major freight rail network in Canada and the United States. Its network connects the Atlantic, Pacific and Gulf coasts, serving ports, industrial centers, agricultural regions and major population markets.

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