Canadian National Railway (NYSE:CNI) Price Target Raised to $101.00

Canadian National Railway (NYSE:CNI) (TSE:CNR) had its target price lifted by Barclays from $97.00 to $101.00 in a research report sent to investors on Thursday,Benzinga reports. Barclays currently has an equal weight rating on the transportation company’s stock.

A number of other brokerages have also recently weighed in on CNI. Wells Fargo & Company lowered their price target on Canadian National Railway from $117.00 to $110.00 and set an “overweight” rating on the stock in a research report on Monday, October 6th. Weiss Ratings restated a “hold (c-)” rating on shares of Canadian National Railway in a research note on Wednesday, October 8th. Vertical Research upgraded shares of Canadian National Railway from a “hold” rating to a “buy” rating in a research report on Monday, January 5th. Bank of America reduced their price target on shares of Canadian National Railway from $106.00 to $102.00 and set a “neutral” rating on the stock in a research report on Monday, September 29th. Finally, Cibc Captl Mkts raised shares of Canadian National Railway from a “hold” rating to a “strong-buy” rating in a research note on Friday, November 28th. One equities research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating, nine have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $117.64.

Canadian National Railway Price Performance

NYSE:CNI opened at $100.09 on Thursday. Canadian National Railway has a 52 week low of $90.74 and a 52 week high of $108.75. The company has a debt-to-equity ratio of 0.92, a quick ratio of 0.42 and a current ratio of 0.60. The company has a market capitalization of $61.50 billion, a price-to-earnings ratio of 18.99, a PEG ratio of 2.09 and a beta of 0.96. The company has a 50-day moving average of $97.23 and a 200-day moving average of $96.57.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last released its quarterly earnings data on Friday, October 31st. The transportation company reported $1.33 earnings per share for the quarter, beating analysts’ consensus estimates of $1.28 by $0.05. Canadian National Railway had a return on equity of 21.50% and a net margin of 26.86%.The company had revenue of $2.99 billion for the quarter, compared to the consensus estimate of $4.15 billion. During the same period in the previous year, the business earned $1.72 earnings per share. The company’s quarterly revenue was up 1.3% on a year-over-year basis. As a group, equities research analysts anticipate that Canadian National Railway will post 5.52 earnings per share for the current fiscal year.

Canadian National Railway Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, December 30th. Shareholders of record on Tuesday, December 9th were paid a $0.8875 dividend. This is a boost from Canadian National Railway’s previous quarterly dividend of $0.65. This represents a $3.55 dividend on an annualized basis and a dividend yield of 3.5%. The ex-dividend date of this dividend was Tuesday, December 9th. Canadian National Railway’s payout ratio is presently 48.01%.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the stock. Addison Advisors LLC lifted its holdings in Canadian National Railway by 124.0% during the 2nd quarter. Addison Advisors LLC now owns 271 shares of the transportation company’s stock worth $28,000 after buying an additional 150 shares in the last quarter. Hollencrest Capital Management bought a new stake in shares of Canadian National Railway during the third quarter worth $28,000. Curio Wealth LLC lifted its stake in shares of Canadian National Railway by 31,600.0% during the second quarter. Curio Wealth LLC now owns 317 shares of the transportation company’s stock valued at $33,000 after acquiring an additional 316 shares during the period. First Horizon Corp bought a new position in Canadian National Railway in the third quarter valued at about $30,000. Finally, Costello Asset Management INC increased its position in Canadian National Railway by 83.3% in the third quarter. Costello Asset Management INC now owns 330 shares of the transportation company’s stock worth $31,000 after purchasing an additional 150 shares during the period. Institutional investors own 80.74% of the company’s stock.

Canadian National Railway Company Profile

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.