Canadian National Railway (NYSE:CNI) Price Target Raised to C$173.00 at National Bank Financial

Canadian National Railway (NYSE:CNIGet Rating) (TSE:CNR) had its price objective boosted by National Bank Financial from C$166.00 to C$173.00 in a report issued on Thursday, The Fly reports.

Other analysts also recently issued research reports about the company. Royal Bank of Canada lifted their price target on Canadian National Railway from C$160.00 to C$163.00 in a research note on Wednesday, July 27th. Susquehanna Bancshares dropped their price target on Canadian National Railway from $137.00 to $127.00 in a research note on Wednesday, July 6th. Bank of America raised Canadian National Railway from a neutral rating to a buy rating and lifted their target price for the company from $128.00 to $135.00 in a research report on Monday, September 12th. Stifel Nicolaus lifted their target price on Canadian National Railway from $113.00 to $119.00 in a research report on Wednesday, July 27th. Finally, Credit Suisse Group started coverage on Canadian National Railway in a research report on Monday, June 27th. They issued a neutral rating and a $122.00 target price on the stock. Twelve research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of Hold and an average price target of $142.58.

Canadian National Railway Stock Performance

Shares of Canadian National Railway stock opened at $113.81 on Thursday. The company has a market capitalization of $77.63 billion, a PE ratio of 19.79, a PEG ratio of 1.77 and a beta of 0.86. Canadian National Railway has a 12 month low of $106.61 and a 12 month high of $137.19. The company has a current ratio of 0.71, a quick ratio of 0.55 and a debt-to-equity ratio of 0.55. The stock’s fifty day simple moving average is $121.45 and its 200 day simple moving average is $119.91.

Canadian National Railway (NYSE:CNIGet Rating) (TSE:CNR) last issued its quarterly earnings data on Tuesday, July 26th. The transportation company reported $1.51 EPS for the quarter, topping the consensus estimate of $1.37 by $0.14. The business had revenue of $3.40 billion for the quarter, compared to the consensus estimate of $3.17 billion. Canadian National Railway had a return on equity of 20.63% and a net margin of 33.32%. On average, research analysts predict that Canadian National Railway will post 5.79 EPS for the current year.

Canadian National Railway Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 29th. Stockholders of record on Thursday, September 8th will be issued a dividend of $0.569 per share. This represents a $2.28 dividend on an annualized basis and a dividend yield of 2.00%. The ex-dividend date is Wednesday, September 7th. Canadian National Railway’s dividend payout ratio is presently 38.78%.

Institutional Investors Weigh In On Canadian National Railway

A number of institutional investors have recently made changes to their positions in the company. Hanson & Doremus Investment Management boosted its stake in shares of Canadian National Railway by 294.1% in the first quarter. Hanson & Doremus Investment Management now owns 201 shares of the transportation company’s stock valued at $27,000 after buying an additional 150 shares during the period. Tyler Stone Wealth Management bought a new stake in shares of Canadian National Railway in the fourth quarter valued at approximately $30,000. Holloway Wealth Management LLC boosted its stake in shares of Canadian National Railway by 187.5% in the first quarter. Holloway Wealth Management LLC now owns 230 shares of the transportation company’s stock valued at $31,000 after buying an additional 150 shares during the period. NuWave Investment Management LLC bought a new stake in shares of Canadian National Railway in the second quarter valued at approximately $32,000. Finally, Clear Street Markets LLC bought a new stake in shares of Canadian National Railway in the second quarter valued at approximately $34,000. Institutional investors own 79.45% of the company’s stock.

About Canadian National Railway

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Canadian National Railway Company, together with its subsidiaries, engages in the rail and related transportation business. The company's portfolio of goods includes petroleum and chemicals, grain and fertilizers, coal, metals and minerals, forest products, intermodal, and automotive products serving exporters, importers, retailers, farmers, and manufacturers.

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