Canadian National Railway (NYSE:CNI) Given “Neutral” Rating at Susquehanna

Susquehanna reiterated their neutral rating on shares of Canadian National Railway (NYSE:CNI) (TSE:CNR) in a research note published on Tuesday morning, MarketBeat.com reports. Susquehanna currently has a $140.00 price objective on the transportation company’s stock, up from their prior price objective of $138.00.

Other equities research analysts have also recently issued reports about the company. Sanford C. Bernstein lifted their target price on Canadian National Railway from $113.88 to $117.36 and gave the stock a “market perform” rating in a research note on Tuesday, March 31st. Weiss Ratings downgraded shares of Canadian National Railway from a “hold (c+)” rating to a “hold (c)” rating in a report on Thursday, July 9th. Stephens raised shares of Canadian National Railway to a “hold” rating in a research report on Wednesday, July 8th. Bank of America lifted their price objective on shares of Canadian National Railway from $132.00 to $134.00 and gave the stock a “buy” rating in a research report on Tuesday, June 23rd. Finally, Royal Bank Of Canada increased 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 report on Thursday, April 30th. Nine research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company. Based on data from MarketBeat.com, Canadian National Railway has a consensus rating of “Moderate Buy” and a consensus target price of $132.12.

Canadian National Railway Stock Performance

CNI stock opened at $124.83 on Tuesday. The company has a quick ratio of 0.49, a current ratio of 0.67 and a debt-to-equity ratio of 0.95. The firm has a market cap of $75.65 billion, a PE ratio of 22.70, a P/E/G ratio of 2.37 and a beta of 0.96. The business has a 50 day moving average of $117.55 and a 200-day moving average of $109.10. Canadian National Railway has a 12-month low of $90.74 and a 12-month high of $126.12.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last posted its quarterly earnings data on Wednesday, April 29th. The transportation company reported $1.31 earnings per share for the quarter, hitting the consensus estimate of $1.31. The business had revenue of $3.15 billion for the quarter, compared to analysts’ expectations of $3.15 billion. Canadian National Railway had a return on equity of 21.90% and a net margin of 27.22%.The business’s revenue was down .5% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.85 earnings per share. As a group, sell-side analysts expect that Canadian National Railway will post 5.71 earnings per share for the current year.

Canadian National Railway Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Tuesday, June 9th were given a dividend of $0.915 per share. This represents a $3.66 dividend on an annualized basis and a yield of 2.9%. The ex-dividend date was Tuesday, June 9th. Canadian National Railway’s dividend payout ratio (DPR) is currently 48.55%.

Institutional Trading of Canadian National Railway

Several hedge funds and other institutional investors have recently modified their holdings of CNI. Lazard Asset Management LLC increased its stake in Canadian National Railway by 639,137.0% in the 3rd quarter. Lazard Asset Management LLC now owns 8,955,711 shares of the transportation company’s stock worth $844,353,000 after acquiring an additional 8,954,310 shares during the last quarter. Norges Bank bought a new stake in shares of Canadian National Railway during the 4th quarter valued at about $570,161,000. FIL Ltd boosted its position in shares of Canadian National Railway by 49.5% during the 4th quarter. FIL Ltd now owns 15,745,744 shares of the transportation company’s stock valued at $1,557,309,000 after acquiring an additional 5,210,403 shares during the last quarter. AQR Capital Management LLC grew its holdings in shares of Canadian National Railway by 6,329.2% during the fourth quarter. AQR Capital Management LLC now owns 1,234,030 shares of the transportation company’s stock worth $122,050,000 after purchasing an additional 1,214,836 shares in the last quarter. Finally, Deutsche Bank AG grew its holdings in shares of Canadian National Railway by 15.1% during the fourth quarter. Deutsche Bank AG now owns 8,998,101 shares of the transportation company’s stock worth $889,462,000 after purchasing an additional 1,182,106 shares in the last quarter. Institutional investors 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.