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

Canadian National Railway (NYSE:CNI) (TSE:CNR) had its price target cut by Barclays from $140.00 to $135.00 in a research note released on Monday,BayStreet.CA reports. They currently have an equal weight rating on the transportation company’s stock.

Several other equities analysts have also recently issued reports on CNI. Zacks Research upgraded shares of Canadian National Railway from a “strong sell” rating to a “hold” rating in a research report on Friday, November 28th. CIBC raised Canadian National Railway from a “neutral” rating to an “outperformer” rating and increased their target price for the stock from $146.00 to $151.00 in a research report on Friday, November 28th. Evercore ISI dropped their price target on Canadian National Railway from $105.00 to $103.00 and set an “in-line” rating on the stock in a research report on Monday. Royal Bank Of Canada reduced their price target on Canadian National Railway from $153.00 to $151.00 and set an “outperform” rating on the stock in a research note on Monday. Finally, Susquehanna raised their price objective on Canadian National Railway from $115.00 to $116.00 and gave the company a “positive” rating in a research report on Monday, November 3rd. One investment analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and ten have issued a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $118.91.

Canadian National Railway Price Performance

Shares of CNI stock opened at $98.95 on Monday. The company has a debt-to-equity ratio of 0.94, a quick ratio of 0.42 and a current ratio of 0.67. Canadian National Railway has a fifty-two week low of $90.74 and a fifty-two week high of $108.75. The firm has a market cap of $60.80 billion, a P/E ratio of 18.22, a P/E/G ratio of 2.03 and a beta of 0.94. The business’s 50 day moving average price is $98.37 and its 200-day moving average price is $96.06.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last released its quarterly earnings results on Friday, January 30th. The transportation company reported $1.49 earnings per share for the quarter, beating the consensus estimate of $1.43 by $0.06. The business had revenue of $3.24 billion for the quarter, compared to analysts’ expectations of $4.43 billion. Canadian National Railway had a net margin of 27.28% and a return on equity of 22.14%. The firm’s revenue for the quarter was up 2.4% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.82 earnings per share. On average, equities research analysts anticipate that Canadian National Railway will post 5.52 earnings per share for the current year.

Canadian National Railway Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 31st. Investors of record on Tuesday, March 10th will be issued a $0.915 dividend. This represents a $3.66 dividend on an annualized basis and a yield of 3.7%. The ex-dividend date is Tuesday, March 10th. This is an increase from Canadian National Railway’s previous quarterly dividend of $0.89. Canadian National Railway’s dividend payout ratio (DPR) is presently 46.59%.

Institutional Trading of Canadian National Railway

A number of institutional investors and hedge funds have recently modified their holdings of the business. Creative Financial Designs Inc. ADV boosted its position in shares of Canadian National Railway by 13.4% in the 2nd quarter. Creative Financial Designs Inc. ADV now owns 929 shares of the transportation company’s stock valued at $97,000 after purchasing an additional 110 shares during the period. EverSource Wealth Advisors LLC increased its position in Canadian National Railway by 10.1% during the third quarter. EverSource Wealth Advisors LLC now owns 1,231 shares of the transportation company’s stock worth $116,000 after buying an additional 113 shares during the period. Patten Group Inc. lifted its stake in Canadian National Railway by 1.4% in the fourth quarter. Patten Group Inc. now owns 8,326 shares of the transportation company’s stock valued at $823,000 after buying an additional 114 shares during the last quarter. IFP Advisors Inc boosted its holdings in shares of Canadian National Railway by 3.3% in the second quarter. IFP Advisors Inc now owns 3,582 shares of the transportation company’s stock valued at $373,000 after acquiring an additional 115 shares during the period. Finally, D.A. Davidson & CO. grew its position in shares of Canadian National Railway by 5.3% during the second quarter. D.A. Davidson & CO. now owns 2,374 shares of the transportation company’s stock worth $247,000 after acquiring an additional 119 shares during the last quarter. Institutional investors own 80.74% of the company’s stock.

About Canadian National Railway

Canadian National Railway Company (NYSE: CNI) is a Class I freight railway that operates an integrated rail network across Canada and the United States. Headquartered in Montreal, Quebec, CN provides long-haul freight transportation and related logistics services that connect major ports, industrial centers and inland markets throughout North America. Its transcontinental system enables cross-border movement of goods and supports supply chains that span coast-to-coast in Canada and into the central and eastern United States.

CN’s core business is the railborne transportation of a broad mix of commodities, including intermodal container traffic, forest and paper products, grain and other agricultural products, metallurgical and industrial products, petroleum and chemical products, coal and automotive shipments.