Canadian National Railway (NYSE:CNI) Given New $142.00 Price Target at Susquehanna

Canadian National Railway (NYSE:CNI) (TSE:CNR) had its target price boosted by Susquehanna from $140.00 to $142.00 in a research report released on Wednesday morning, Benzinga reports. They currently have a neutral rating on the transportation company’s stock.

CNI has been the subject of a number of other research reports. Jefferies Financial Group began coverage on shares of Canadian National Railway in a research report on Monday, April 8th. They issued a hold rating and a $130.00 target price for the company. Benchmark reaffirmed a hold rating on shares of Canadian National Railway in a research note on Wednesday, April 10th. Barclays boosted their price target on Canadian National Railway from $127.00 to $130.00 and gave the company an equal weight rating in a research note on Thursday, April 4th. Citigroup boosted their price target on Canadian National Railway from $121.00 to $128.00 and gave the company a neutral rating in a research note on Wednesday, January 24th. Finally, Bank of America raised Canadian National Railway from a neutral rating to a buy rating and boosted their price target for the company from $140.00 to $145.00 in a research note on Wednesday, April 10th. Eighteen equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of Hold and a consensus price target of $149.05.

Canadian National Railway Trading Up 0.4 %

Shares of Canadian National Railway stock opened at $125.30 on Wednesday. The firm has a 50-day moving average of $129.49 and a 200-day moving average of $122.34. The stock has a market cap of $80.03 billion, a PE ratio of 19.98, a PEG ratio of 2.18 and a beta of 0.88. Canadian National Railway has a 52-week low of $103.96 and a 52-week high of $134.02. The company has a debt-to-equity ratio of 0.84, a quick ratio of 0.47 and a current ratio of 0.60.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last announced its earnings results on Tuesday, January 23rd. The transportation company reported $1.48 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.46 by $0.02. The company had revenue of $3.28 billion during the quarter, compared to analysts’ expectations of $3.25 billion. Canadian National Railway had a net margin of 32.81% and a return on equity of 23.27%. As a group, sell-side analysts forecast that Canadian National Railway will post 5.92 EPS for the current year.

Canadian National Railway Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Friday, June 7th will be issued a $0.625 dividend. This represents a $2.50 annualized dividend and a yield of 2.00%. The ex-dividend date is Friday, June 7th. Canadian National Railway’s payout ratio is presently 40.03%.

Institutional Trading of Canadian National Railway

Several institutional investors have recently added to or reduced their stakes in CNI. Bfsg LLC boosted its holdings in Canadian National Railway by 110.5% in the first quarter. Bfsg LLC now owns 200 shares of the transportation company’s stock valued at $26,000 after acquiring an additional 105 shares during the last quarter. GAMMA Investing LLC boosted its holdings in shares of Canadian National Railway by 766.7% during the 1st quarter. GAMMA Investing LLC now owns 234 shares of the transportation company’s stock worth $31,000 after buying an additional 207 shares in the last quarter. JFS Wealth Advisors LLC boosted its holdings in shares of Canadian National Railway by 241.1% during the 3rd quarter. JFS Wealth Advisors LLC now owns 324 shares of the transportation company’s stock worth $35,000 after buying an additional 229 shares in the last quarter. EverSource Wealth Advisors LLC boosted its holdings in shares of Canadian National Railway by 121.0% during the 3rd quarter. EverSource Wealth Advisors LLC now owns 369 shares of the transportation company’s stock worth $40,000 after buying an additional 202 shares in the last quarter. Finally, Rational Advisors LLC bought a new position in shares of Canadian National Railway during the 3rd quarter worth approximately $41,000. 80.74% of the stock is currently owned by institutional investors.

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.