Barclays Cuts Canadian National Railway (NYSE:CNI) Price Target to $112.00

Canadian National Railway (NYSE:CNI) (TSE:CNR) had its price target lowered by Barclays from $121.00 to $112.00 in a research report released on Friday,Benzinga reports. The brokerage currently has an equal weight rating on the transportation company’s stock.

Other research analysts have also recently issued research reports about the stock. The Goldman Sachs Group reduced their target price on shares of Canadian National Railway from $131.00 to $124.00 and set a “sell” rating for the company in a report on Wednesday, October 9th. TD Securities upgraded shares of Canadian National Railway from a “hold” rating to a “strong-buy” rating in a research note on Monday, January 13th. Wells Fargo & Company lowered their target price on Canadian National Railway from $125.00 to $123.00 and set an “overweight” rating on the stock in a research report on Monday, January 13th. Benchmark reissued a “hold” rating on shares of Canadian National Railway in a research report on Thursday, October 24th. Finally, JPMorgan Chase & Co. upgraded Canadian National Railway from a “neutral” rating to an “overweight” rating in a research note on Tuesday, January 7th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating, seven have issued a buy rating and four have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $124.02.

Canadian National Railway Price Performance

Shares of NYSE CNI opened at $101.54 on Friday. The company has a fifty day moving average price of $105.44 and a 200 day moving average price of $111.87. The firm has a market cap of $63.85 billion, a PE ratio of 16.27, a PEG ratio of 2.21 and a beta of 0.91. The company has a current ratio of 0.64, a quick ratio of 0.49 and a debt-to-equity ratio of 0.96. Canadian National Railway has a 1-year low of $98.96 and a 1-year high of $134.02.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last posted its quarterly earnings data on Tuesday, October 22nd. The transportation company reported $1.72 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.70 by $0.02. The business had revenue of $4.11 billion during the quarter, compared to the consensus estimate of $4.08 billion. Canadian National Railway had a return on equity of 23.62% and a net margin of 31.65%. Canadian National Railway’s quarterly revenue was up 3.1% on a year-over-year basis. During the same period last year, the company earned $1.26 earnings per share. Research analysts predict that Canadian National Railway will post 5.21 earnings per share for the current fiscal year.

Canadian National Railway Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, December 30th. Investors of record on Monday, December 9th were issued a dividend of $0.6108 per share. This represents a $2.44 annualized dividend and a dividend yield of 2.41%. The ex-dividend date was Monday, December 9th. Canadian National Railway’s payout ratio is 38.30%.

Hedge Funds Weigh In On Canadian National Railway

Several institutional investors and hedge funds have recently made changes to their positions in the company. Grove Bank & Trust increased its position in Canadian National Railway by 15.3% during the 3rd quarter. Grove Bank & Trust now owns 730 shares of the transportation company’s stock worth $86,000 after buying an additional 97 shares during the period. Thurston Springer Miller Herd & Titak Inc. grew its stake in shares of Canadian National Railway by 48.2% in the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 332 shares of the transportation company’s stock valued at $34,000 after acquiring an additional 108 shares in the last quarter. Catalytic Wealth RIA LLC grew its stake in shares of Canadian National Railway by 2.3% in the third quarter. Catalytic Wealth RIA LLC now owns 5,582 shares of the transportation company’s stock valued at $654,000 after acquiring an additional 123 shares in the last quarter. Harrington Investments INC increased its position in Canadian National Railway by 0.6% during the third quarter. Harrington Investments INC now owns 20,346 shares of the transportation company’s stock worth $2,384,000 after acquiring an additional 130 shares during the period. Finally, EverSource Wealth Advisors LLC boosted its holdings in Canadian National Railway by 15.6% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 972 shares of the transportation company’s stock valued at $113,000 after purchasing an additional 131 shares during the period. Institutional investors and hedge funds 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.