Canadian National Railway (NYSE:CNI) Price Target Raised to $132.00

by · The Markets Daily

Canadian National Railway (NYSE:CNI – Free Report) (TSE:CNR) had its price target raised by Barclays from $130.00 to $132.00 in a research note published on Monday morning,Benzinga reports. Barclays currently has an equal weight rating on the transportation company’s stock.

Several other research analysts have also commented on the company. Raymond James Financial lowered Canadian National Railway from a “moderate buy” rating to a “hold” rating in a research report on Monday, October 19th. Bank of America decreased their price objective on Canadian National Railway from $146.00 to $143.00 and set a “buy” rating for the company in a report on Wednesday, September 23rd. Weiss Ratings upgraded shares of Canadian National Railway from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Thursday, August 13th. Argus restated a “hold” rating on shares of Canadian National Railway in a research report on Monday, August 31st. Finally, Citizens Jmp began coverage on shares of Canadian National Railway in a report on Wednesday, July 15th. They issued a “market perform” rating on the stock. Nine equities research analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $138.76.

View Our Latest Report on CNI

Canadian National Railway Stock Up 2.3%

Canadian National Railway stock opened at $129.19 on Monday. Canadian National Railway has a fifty-two week low of $90.74 and a fifty-two week high of $131.55. The company has a debt-to-equity ratio of 0.98, a quick ratio of 0.61 and a current ratio of 0.82. The company has a market capitalization of $77.84 billion, a P/E ratio of 21.63, a PEG ratio of 2.31 and a beta of 0.90. The stock has a 50-day simple moving average of $121.64 and a 200-day simple moving average of $115.78.

Canadian National Railway (NYSE:CNI – Get Free Report) (TSE:CNR) last announced its earnings results on Friday, October 30th. The transportation company reported $1.54 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.49 by $0.05. The firm had revenue of $3.35 billion during the quarter, compared to analysts’ expectations of $3.27 billion. Canadian National Railway had a return on equity of 22.82% and a net margin of 26.42%. The business’s revenue was down 99.9% on a year-over-year basis. During the same period in the prior year, the firm earned $1.83 EPS. Equities research analysts expect that Canadian National Railway will post 5.84 earnings per share for the current year.

Canadian National Railway Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 30th. Stockholders of record on Wednesday, December 9th will be paid a dividend of C$0.92 per share. The ex-dividend date is Wednesday, December 9th. This represents a $3.66 annualized dividend and a dividend yield of 2.8%. Canadian National Railway’s dividend payout ratio is 45.30%.

Hedge Funds Weigh In On Canadian National Railway

A number of hedge funds and other institutional investors have recently made changes to their positions in CNI. Lido Advisors LLC raised its stake in Canadian National Railway by 5.4% during the 3rd quarter. Lido Advisors LLC now owns 29,417 shares of the transportation company’s stock valued at $3,498,000 after acquiring an additional 1,520 shares during the last quarter. D Orazio & Associates Inc. lifted its position in Canadian National Railway by 34.5% during the 3rd quarter. D Orazio & Associates Inc. now owns 4,162 shares of the transportation company’s stock worth $495,000 after acquiring an additional 1,067 shares during the period. Vestor Capital LLC lifted its position in Canadian National Railway by 6,349.6% during the 3rd quarter. Vestor Capital LLC now owns 94,486 shares of the transportation company’s stock worth $11,234,000 after acquiring an additional 93,021 shares during the period. Candriam S.C.A. lifted its position in Canadian National Railway by 4.5% during the 3rd quarter. Candriam S.C.A. now owns 21,945 shares of the transportation company’s stock worth $2,628,000 after acquiring an additional 955 shares during the period. Finally, Ethic Inc. lifted its position in Canadian National Railway by 47.0% during the 3rd quarter. Ethic Inc. now owns 21,410 shares of the transportation company’s stock worth $2,546,000 after acquiring an additional 6,841 shares during the period. Hedge funds and other institutional investors own 80.74% of the company’s stock.

Canadian National Railway Company Profile

(Get Free Report)

Canadian National Railway Company (NYSE: CNI) is a transportation and logistics company that operates a major freight railway network across Canada and the United States. The company provides rail, intermodal and related transportation services for shippers, connecting production and consumption centers with ports and distribution hubs.

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

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