Barclays Cuts Canadian National Railway (NYSE:CNI) Price Target to $97.00

Canadian National Railway (NYSE:CNI) (TSE:CNR) had its price target trimmed by Barclays from $99.00 to $97.00 in a report released on Thursday, MarketBeat.com reports. The firm currently has an equal weight rating on the transportation company’s stock.

CNI has been the subject of a number of other reports. National Bank Financial cut Canadian National Railway from an “outperform” rating to a “sector perform” rating in a report on Wednesday, July 23rd. Argus raised Canadian National Railway to a “hold” rating in a research note on Friday, June 27th. Wells Fargo & Company reduced their price target on shares of Canadian National Railway from $120.00 to $117.00 and set an “overweight” rating on the stock in a research report on Wednesday, July 23rd. Bank of America lowered their price objective on shares of Canadian National Railway from $106.00 to $102.00 and set a “neutral” rating for the company in a report on Monday, September 29th. Finally, Royal Bank Of Canada reduced their target price on shares of Canadian National Railway from $161.00 to $157.00 and set an “outperform” rating on the stock in a report on Wednesday, July 23rd. Two equities research analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating, ten have given a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $116.69.

Canadian National Railway Price Performance

Shares of NYSE:CNI opened at $96.35 on Thursday. The company’s fifty day moving average price is $94.36 and its 200-day moving average price is $99.02. The company has a debt-to-equity ratio of 0.90, a current ratio of 0.82 and a quick ratio of 0.58. The firm has a market capitalization of $59.81 billion, a price-to-earnings ratio of 18.53, a PEG ratio of 2.15 and a beta of 0.96. Canadian National Railway has a one year low of $91.07 and a one year high of $116.79.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last posted its quarterly earnings data on Tuesday, July 22nd. The transportation company reported $1.35 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.37 by ($0.02). The company had revenue of $3.14 billion for the quarter, compared to the consensus estimate of $4.34 billion. Canadian National Railway had a return on equity of 21.71% and a net margin of 26.63%.The business’s revenue was down 1.3% on a year-over-year basis. During the same period in the prior year, the firm posted $1.84 earnings per share. On average, 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 company also recently declared a quarterly dividend, which was paid on Monday, September 29th. Investors of record on Monday, September 8th were issued a dividend of $0.6507 per share. The ex-dividend date was Monday, September 8th. This represents a $2.60 dividend on an annualized basis and a yield of 2.7%. This is an increase from Canadian National Railway’s previous quarterly dividend of $0.62. Canadian National Railway’s dividend payout ratio (DPR) is currently 50.19%.

Institutional Investors Weigh In On Canadian National Railway

Large investors have recently added to or reduced their stakes in the company. Addison Advisors LLC raised its stake in shares of Canadian National Railway by 124.0% during the second quarter. Addison Advisors LLC now owns 271 shares of the transportation company’s stock valued at $28,000 after acquiring an additional 150 shares during the last quarter. Dagco Inc. bought a new stake in shares of Canadian National Railway in the first quarter worth about $32,000. Curio Wealth LLC increased its holdings in Canadian National Railway by 31,600.0% during the 2nd quarter. Curio Wealth LLC now owns 317 shares of the transportation company’s stock valued at $33,000 after purchasing an additional 316 shares during the period. Bruce G. Allen Investments LLC raised its position in Canadian National Railway by 44.2% during the 1st quarter. Bruce G. Allen Investments LLC now owns 346 shares of the transportation company’s stock valued at $34,000 after purchasing an additional 106 shares during the last quarter. Finally, CX Institutional purchased a new stake in Canadian National Railway in the 1st quarter worth approximately $39,000. Institutional investors own 80.74% of the company’s stock.

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.