Canadian National Railway (NYSE:CNI) Price Target Raised to $125.00

Canadian National Railway (NYSE:CNI) (TSE:CNR) had its price objective hoisted by Stifel Nicolaus from $120.00 to $125.00 in a research note released on Friday morning,Benzinga reports. Stifel Nicolaus currently has a buy rating on the transportation company’s stock.

A number of other equities research analysts also recently commented on the company. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $174.00 price objective on shares of Canadian National Railway in a research report on Friday, January 10th. Wells Fargo & Company lowered their price objective on Canadian National Railway from $125.00 to $123.00 and set an “overweight” rating for the company in a research report on Monday, January 13th. TD Securities raised Canadian National Railway from a “hold” rating to a “strong-buy” rating in a research report on Monday, January 13th. Citigroup raised Canadian National Railway from a “neutral” rating to a “buy” rating and boosted their price target for the company from $126.00 to $130.00 in a research report on Tuesday, November 12th. Finally, The Goldman Sachs Group lowered their price target on Canadian National Railway from $131.00 to $124.00 and set a “sell” rating for the company in a research report on Wednesday, October 9th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating, seven have given a buy rating and four have issued a strong buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $124.19.

Canadian National Railway Stock Performance

Shares of CNI stock opened at $104.58 on Friday. The stock has a fifty day moving average price of $104.48 and a 200 day moving average price of $110.87. The stock has a market cap of $65.77 billion, a PE ratio of 16.76, a P/E/G ratio of 2.41 and a beta of 0.91. Canadian National Railway has a 1 year low of $98.96 and a 1 year high of $134.02. The company has a debt-to-equity ratio of 0.96, a quick ratio of 0.49 and a current ratio of 0.64.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last released its quarterly earnings results on Thursday, January 30th. The transportation company reported $1.30 earnings per share for the quarter, missing the consensus estimate of $1.39 by ($0.09). Canadian National Railway had a return on equity of 23.62% and a net margin of 31.65%. Sell-side analysts forecast that Canadian National Railway will post 5.12 earnings per share for the current fiscal year.

Canadian National Railway Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Monday, March 10th will be paid a $0.6159 dividend. This is a boost from Canadian National Railway’s previous quarterly dividend of $0.61. The ex-dividend date of this dividend is Monday, March 10th. This represents a $2.46 annualized dividend and a dividend yield of 2.36%. Canadian National Railway’s payout ratio is 38.30%.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of CNI. Renaissance Technologies LLC acquired a new position in shares of Canadian National Railway in the second quarter worth about $1,725,000. Northwestern Mutual Wealth Management Co. raised its stake in Canadian National Railway by 11.8% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 13,687 shares of the transportation company’s stock valued at $1,617,000 after buying an additional 1,445 shares in the last quarter. NewEdge Advisors LLC raised its stake in Canadian National Railway by 34.0% during the second quarter. NewEdge Advisors LLC now owns 7,464 shares of the transportation company’s stock valued at $882,000 after buying an additional 1,892 shares in the last quarter. B. Riley Wealth Advisors Inc. raised its stake in Canadian National Railway by 10.0% during the second quarter. B. Riley Wealth Advisors Inc. now owns 4,573 shares of the transportation company’s stock valued at $540,000 after buying an additional 417 shares in the last quarter. Finally, Truist Financial Corp raised its stake in Canadian National Railway by 6.4% during the second quarter. Truist Financial Corp now owns 25,546 shares of the transportation company’s stock valued at $3,018,000 after buying an additional 1,534 shares in the last quarter. Institutional investors and hedge funds 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.