Canadian National Railway (NYSE:CNI) Price Target Raised to $98.00

Canadian National Railway (NYSE:CNI) (TSE:CNR) had its price target increased by Barclays from $97.00 to $98.00 in a research report released on Friday morning,Benzinga reports. The firm currently has an equal weight rating on the transportation company’s stock.

Several other equities research analysts also recently issued reports on the stock. Canadian Imperial Bank of Commerce upgraded shares of Canadian National Railway from a “hold” rating to an “outperformer” rating and raised their target price for the company from $146.00 to $151.00 in a research note on Friday, November 28th. UBS Group downgraded Canadian National Railway from a “strong-buy” rating to a “hold” rating in a research report on Monday, February 2nd. Vertical Research upgraded Canadian National Railway from a “hold” rating to a “buy” rating in a research note on Monday, January 5th. Royal Bank Of Canada cut their price objective on Canadian National Railway from $153.00 to $151.00 and set an “outperform” rating for the company in a research report on Monday, February 2nd. Finally, Zacks Research raised Canadian National Railway from a “strong sell” rating to a “hold” rating in a report on Friday, November 28th. Ten investment analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company. According to data from MarketBeat.com, Canadian National Railway has a consensus rating of “Moderate Buy” and a consensus target price of $115.55.

Canadian National Railway Price Performance

Shares of CNI opened at $101.51 on Friday. The company has a market cap of $62.05 billion, a price-to-earnings ratio of 18.69, a PEG ratio of 2.11 and a beta of 0.90. Canadian National Railway has a 1-year low of $90.74 and a 1-year high of $113.08. The company’s fifty day simple moving average is $104.12 and its 200 day simple moving average is $98.94. The company has a current ratio of 0.67, a quick ratio of 0.47 and a debt-to-equity ratio of 0.94.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last announced its quarterly earnings results on Friday, January 30th. The transportation company reported $1.49 EPS for the quarter, beating analysts’ consensus estimates of $1.43 by $0.06. Canadian National Railway had a net margin of 27.28% and a return on equity of 22.14%. The firm had revenue of $3.24 billion during the quarter, compared to analysts’ expectations of $4.43 billion. During the same quarter last year, the company posted $1.82 earnings per share. The company’s revenue for the quarter was up 2.4% compared to the same quarter last year. On average, research analysts forecast that Canadian National Railway will post 5.52 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 Tuesday, March 31st. Investors of record on Tuesday, March 10th will be paid a $0.915 dividend. This represents a $3.66 annualized dividend and a dividend yield of 3.6%. This is a boost from Canadian National Railway’s previous quarterly dividend of $0.89. The ex-dividend date is Tuesday, March 10th. Canadian National Railway’s dividend payout ratio is currently 49.36%.

Institutional Trading of Canadian National Railway

Hedge funds and other institutional investors have recently bought and sold shares of the business. Purpose Unlimited Inc. acquired a new position in shares of Canadian National Railway during the 4th quarter worth approximately $12,429,000. Nalls Sherbakoff Group LLC bought a new stake in shares of Canadian National Railway in the fourth quarter valued at approximately $54,000. SHP Wealth Management bought a new stake in shares of Canadian National Railway in the fourth quarter valued at approximately $237,000. Reflection Asset Management acquired a new stake in Canadian National Railway during the fourth quarter worth approximately $1,592,000. Finally, Tobam lifted its position in shares of Canadian National Railway by 10.4% during the 4th quarter. Tobam now owns 1,662 shares of the transportation company’s stock valued at $164,000 after acquiring an additional 157 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 (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.