Canadian National Railway (NYSE:CNI) Price Target Raised to $130.00

Canadian National Railway (NYSE:CNI) (TSE:CNR) had its price target raised by Barclays from $109.00 to $130.00 in a report issued on Monday,Benzinga reports. The firm currently has an equal weight rating on the transportation company’s stock.

Several other equities analysts also recently commented on CNI. Sanford C. Bernstein upped their price objective on Canadian National Railway from $113.88 to $117.36 and gave the company a “market perform” rating in a research report on Tuesday, March 31st. Citigroup lifted their target price on Canadian National Railway from $124.00 to $141.00 and gave the stock a “buy” rating in a research report on Thursday, July 9th. Royal Bank Of Canada boosted their target price on shares of Canadian National Railway from $160.00 to $178.00 and gave the company an “outperform” rating in a research note on Thursday, April 30th. Weiss Ratings cut shares of Canadian National Railway from a “hold (c+)” rating to a “hold (c)” rating in a report on Thursday, July 9th. Finally, Canadian Imperial Bank of Commerce raised their price target on shares of Canadian National Railway from C$182.00 to C$185.00 and gave the stock an “outperformer” rating in a research note on Thursday, June 25th. Eight equities research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and an average price target of $137.40.

Canadian National Railway Stock Up 0.2%

Shares of NYSE:CNI opened at $129.77 on Monday. The firm has a market capitalization of $78.64 billion, a PE ratio of 23.01, a price-to-earnings-growth ratio of 2.44 and a beta of 0.96. The business has a 50 day simple moving average of $121.11 and a two-hundred day simple moving average of $111.36. Canadian National Railway has a 1 year low of $90.74 and a 1 year high of $131.55. The company has a debt-to-equity ratio of 0.99, a current ratio of 0.87 and a quick ratio of 0.49.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last issued its quarterly earnings results on Friday, July 24th. The transportation company reported $1.50 earnings per share for the quarter, topping the consensus estimate of $1.39 by $0.11. Canadian National Railway had a return on equity of 22.22% and a net margin of 26.92%.The firm had revenue of $3.35 billion for the quarter, compared to the consensus estimate of $3.26 billion. During the same period in the prior year, the business posted $1.87 earnings per share. The company’s revenue for the quarter was up 11.3% on a year-over-year basis. On average, equities analysts predict that Canadian National Railway will post 5.75 EPS for the current year.

Canadian National Railway Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 29th. Shareholders of record on Tuesday, September 8th will be issued a dividend of $0.915 per share. This represents a $3.66 annualized dividend and a yield of 2.8%. The ex-dividend date is Tuesday, September 8th. Canadian National Railway’s dividend payout ratio (DPR) is presently 47.34%.

Institutional Investors Weigh In On Canadian National Railway

Several hedge funds have recently made changes to their positions in CNI. Smartleaf Asset Management LLC increased its position in shares of Canadian National Railway by 19.4% during the 4th quarter. Smartleaf Asset Management LLC now owns 635 shares of the transportation company’s stock worth $63,000 after purchasing an additional 103 shares during the last quarter. Minot DeBlois Advisors LLC lifted its position in Canadian National Railway by 2.0% in the fourth quarter. Minot DeBlois Advisors LLC now owns 5,132 shares of the transportation company’s stock valued at $507,000 after buying an additional 103 shares during the last quarter. Tacita Capital Inc lifted its position in Canadian National Railway by 0.6% in the fourth quarter. Tacita Capital Inc now owns 19,809 shares of the transportation company’s stock valued at $1,960,000 after buying an additional 109 shares during the last quarter. Roberts Glore & Co. Inc. IL boosted its stake in Canadian National Railway by 1.5% during the fourth quarter. Roberts Glore & Co. Inc. IL now owns 7,233 shares of the transportation company’s stock worth $715,000 after buying an additional 110 shares during the period. Finally, Patten Group Inc. boosted its stake in Canadian National Railway by 1.4% during the fourth quarter. Patten Group Inc. now owns 8,326 shares of the transportation company’s stock worth $823,000 after buying an additional 114 shares during the period. 80.74% of the stock is currently owned by hedge funds and other institutional investors.

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.