Citigroup Issues Positive Forecast for Canadian National Railway (NYSE:CNI) Stock Price

Canadian National Railway (NYSE:CNI) (TSE:CNR) had its target price upped by Citigroup from $119.00 to $120.00 in a research note issued to investors on Monday morning,Benzinga reports. The brokerage currently has a buy rating on the transportation company’s stock.

A number of other equities research analysts have also recently commented on CNI. Raymond James Financial raised Canadian National Railway from a “market perform” rating to an “outperform” rating in a research note on Thursday, July 17th. Evercore ISI increased their target price on Canadian National Railway from $98.00 to $103.00 and gave the stock an “in-line” rating in a research note on Monday. National Bank Financial cut Canadian National Railway from an “outperform” rating to a “sector perform” rating in a research note on Wednesday, July 23rd. Susquehanna increased their target price on Canadian National Railway from $115.00 to $116.00 and gave the stock a “positive” rating in a research note on Monday. Finally, Bank of America dropped their price objective on Canadian National Railway from $106.00 to $102.00 and set a “neutral” rating on the stock in a research report on Monday, September 29th. One analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, eight have assigned a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $114.00.

Canadian National Railway Trading Down 0.3%

NYSE CNI opened at $95.60 on Monday. Canadian National Railway has a 12 month low of $91.07 and a 12 month high of $114.13. The stock has a market cap of $59.15 billion, a P/E ratio of 18.38, a P/E/G ratio of 2.13 and a beta of 0.96. The stock’s fifty day moving average price is $95.03 and its 200-day moving average price is $98.70. The company has a current ratio of 0.82, a quick ratio of 0.58 and a debt-to-equity ratio of 0.90.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last released its earnings results on Friday, October 31st. The transportation company reported $1.33 EPS for the quarter, topping analysts’ consensus estimates of $1.28 by $0.05. Canadian National Railway had a return on equity of 21.71% and a net margin of 26.63%.The firm had revenue of $2.99 billion for the quarter, compared to analysts’ expectations of $4.15 billion. During the same period in the prior year, the firm posted $1.72 earnings per share. The company’s quarterly revenue was up 1.3% on a year-over-year basis. As a group, equities analysts forecast that Canadian National Railway will post 5.52 EPS for the current fiscal year.

Canadian National Railway Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 30th. Investors of record on Tuesday, December 9th will be given a dividend of $0.8875 per share. This represents a $3.55 annualized dividend and a dividend yield of 3.7%. This is a boost from Canadian National Railway’s previous quarterly dividend of $0.65. The ex-dividend date of this dividend is Tuesday, December 9th. Canadian National Railway’s payout ratio is 48.96%.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. Addison Advisors LLC lifted its holdings in Canadian National Railway by 124.0% in the second quarter. Addison Advisors LLC now owns 271 shares of the transportation company’s stock valued at $28,000 after acquiring an additional 150 shares during the period. Hollencrest Capital Management bought a new position in Canadian National Railway in the third quarter valued at about $28,000. Curio Wealth LLC lifted its holdings in Canadian National Railway by 31,600.0% in the second quarter. Curio Wealth LLC now owns 317 shares of the transportation company’s stock valued at $33,000 after acquiring an additional 316 shares during the period. First Horizon Corp bought a new position in Canadian National Railway in the third quarter valued at about $30,000. Finally, Dagco Inc. bought a new position in Canadian National Railway in the first quarter valued at about $32,000. Institutional investors 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.