Canadian National Railway (NYSE:CNI) Price Target Cut to $104.00 by Analysts at Barclays

Canadian National Railway (NYSE:CNI) (TSE:CNR) had its target price trimmed by Barclays from $112.00 to $104.00 in a report released on Wednesday,Benzinga reports. The firm currently has an equal weight rating on the transportation company’s stock.

Several other research analysts also recently weighed in on the stock. Susquehanna dropped their target price on shares of Canadian National Railway from $115.00 to $113.00 and set a “neutral” rating for the company in a report on Thursday, March 27th. Royal Bank of Canada cut their target price on Canadian National Railway from $174.00 to $171.00 and set an “outperform” rating for the company in a research report on Friday, January 31st. Bank of America lowered their price target on Canadian National Railway from $119.00 to $112.00 and set a “neutral” rating on the stock in a report on Wednesday, January 8th. Wells Fargo & Company cut their price objective on shares of Canadian National Railway from $125.00 to $123.00 and set an “overweight” rating for the company in a report on Monday, January 13th. Finally, Jefferies Financial Group raised shares of Canadian National Railway from a “hold” rating to a “buy” rating and set a $120.00 target price on the stock in a report on Friday, January 10th. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating, seven have given a buy rating and four have issued a strong buy rating to the company. According to data from MarketBeat, Canadian National Railway has an average rating of “Moderate Buy” and an average price target of $123.36.

Canadian National Railway Stock Performance

Shares of CNI opened at $100.28 on Wednesday. The business has a 50-day simple moving average of $100.80 and a two-hundred day simple moving average of $106.17. The company has a quick ratio of 0.48, a current ratio of 0.66 and a debt-to-equity ratio of 0.94. Canadian National Railway has a 52 week low of $93.64 and a 52 week high of $132.27. The stock has a market cap of $63.02 billion, a price-to-earnings ratio of 19.59, a PEG ratio of 1.95 and a beta of 0.91.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last released its earnings results on Thursday, January 30th. The transportation company reported $1.30 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.39 by ($0.09). Canadian National Railway had a return on equity of 22.48% and a net margin of 26.09%. On average, analysts expect that Canadian National Railway will post 5.52 EPS for the current year.

Canadian National Railway Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Monday, March 10th were given a dividend of $0.6159 per share. The ex-dividend date of this dividend was Monday, March 10th. This is an increase from Canadian National Railway’s previous quarterly dividend of $0.61. This represents a $2.46 dividend on an annualized basis and a yield of 2.46%. Canadian National Railway’s dividend payout ratio is 47.66%.

Hedge Funds Weigh In On Canadian National Railway

A number of institutional investors and hedge funds have recently modified their holdings of the stock. XTX Topco Ltd lifted its position in Canadian National Railway by 43.3% in the third quarter. XTX Topco Ltd now owns 15,552 shares of the transportation company’s stock worth $1,822,000 after buying an additional 4,698 shares during the last quarter. Unigestion Holding SA boosted its stake in shares of Canadian National Railway by 363.6% during the 3rd quarter. Unigestion Holding SA now owns 153,880 shares of the transportation company’s stock worth $18,012,000 after purchasing an additional 120,687 shares during the period. Synovus Financial Corp grew its holdings in Canadian National Railway by 82.3% during the 3rd quarter. Synovus Financial Corp now owns 13,873 shares of the transportation company’s stock valued at $1,625,000 after purchasing an additional 6,261 shares during the last quarter. Sustainable Insight Capital Management LLC purchased a new stake in Canadian National Railway in the 4th quarter worth about $436,000. Finally, Two Sigma Advisers LP lifted its stake in Canadian National Railway by 123.7% in the third quarter. Two Sigma Advisers LP now owns 172,172 shares of the transportation company’s stock worth $20,170,000 after purchasing an additional 95,200 shares during the last quarter. Hedge funds and other institutional investors own 80.74% of the company’s stock.

Canadian National Railway Company Profile

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.