Canadian National Railway (NYSE:CNI) Price Target Lowered to $100.00 at Stephens

Canadian National Railway (NYSE:CNI) (TSE:CNR) had its target price trimmed by Stephens from $105.00 to $100.00 in a report released on Monday morning,Benzinga reports. They currently have an equal weight rating on the transportation company’s stock.

A number of other brokerages have also weighed in on CNI. Wall Street Zen upgraded Canadian National Railway from a “sell” rating to a “hold” rating in a research note on Saturday, October 18th. Susquehanna upped their price objective on Canadian National Railway from $115.00 to $116.00 and gave the company a “positive” rating in a report on Monday, November 3rd. Vertical Research raised Canadian National Railway from a “hold” rating to a “buy” rating in a report on Monday, January 5th. Wells Fargo & Company reduced their target price on shares of Canadian National Railway from $117.00 to $110.00 and set an “overweight” rating for the company in a research report on Monday, October 6th. Finally, Citigroup lowered their price target on shares of Canadian National Railway from $120.00 to $119.00 and set a “buy” rating on the stock in a research report on Thursday, January 8th. One research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and nine have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $118.91.

Canadian National Railway Stock Performance

NYSE CNI opened at $95.68 on Monday. The stock has a market cap of $58.79 billion, a PE ratio of 17.62, a P/E/G ratio of 2.01 and a beta of 0.94. The company has a debt-to-equity ratio of 0.92, a quick ratio of 0.42 and a current ratio of 0.60. The firm has a 50-day moving average of $98.20 and a 200-day moving average of $96.07. Canadian National Railway has a 52-week low of $90.74 and a 52-week high of $108.75.

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. The business had revenue of $3.24 billion for the quarter, compared to analyst estimates of $4.43 billion. Canadian National Railway had a net margin of 27.28% and a return on equity of 22.17%. Canadian National Railway’s quarterly revenue was up 2.4% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.82 EPS. On average, sell-side analysts anticipate that Canadian National Railway will post 5.52 EPS for the current year.

Canadian National Railway Increases Dividend

The business 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 dividend on an annualized basis and a yield of 3.8%. This is a boost from Canadian National Railway’s previous quarterly dividend of $0.89. The ex-dividend date of this dividend is Tuesday, March 10th. Canadian National Railway’s payout ratio is presently 48.01%.

Hedge Funds Weigh In On Canadian National Railway

Several hedge funds have recently bought and sold shares of CNI. High Point Wealth Management LLC acquired a new position in shares of Canadian National Railway in the 4th quarter valued at approximately $27,000. Addison Advisors LLC increased its stake 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 last quarter. Hollencrest Capital Management acquired a new position in Canadian National Railway during the third quarter valued at approximately $28,000. Curio Wealth LLC lifted its stake in Canadian National Railway by 31,600.0% during the second quarter. Curio Wealth LLC now owns 317 shares of the transportation company’s stock worth $33,000 after purchasing an additional 316 shares during the last quarter. Finally, First Horizon Corp bought a new stake in Canadian National Railway during the third quarter worth $30,000. 80.74% of the stock is owned by institutional investors.

Trending Headlines about Canadian National Railway

Here are the key news stories impacting Canadian National Railway this week:

• Positive Sentiment: CN announced a quarterly dividend increase to $0.915 per share (annualized yield ~3.8%); ex-dividend/record dates set and this is a 3.1% bump vs. the prior quarterly payout — a supportive signal for income-focused investors.
• Positive Sentiment: CN launched a new share buyback program to repurchase up to 24 million shares, which reduces share count and can be accretive to EPS and shareholder value. Canadian National Railway Launches New Share Buyback Program
• Neutral Sentiment: CEO Tracy Robinson will speak at the Barclays Industrial Select Conference (Feb 17) and CFO Ghislain Houle will present at Citi’s Global Industrial Tech & Mobility Conference (Feb 18) — events that offer management a chance to update guidance and answer investor questions. Tracy Robinson to Address Barclays Conference Ghislain Houle to Address Citi Conference
• Neutral Sentiment: Brokerage consensus remains constructive (consensus “Moderate Buy”), which mitigates some negative pressure from individual target cuts. Consensus Rating of Moderate Buy
• Negative Sentiment: Barclays cut its CNI target to $135 and set an “equal weight” rating — a downward revision that likely contributed to selling pressure despite the still-large implied upside. Barclays Lowers Price Target
• Negative Sentiment: Citigroup trimmed its target to $115 but retained a “buy” rating; the cut reduces upside expectations and adds to the cluster of downward revisions. Citigroup Lowers Price Target Benzinga Coverage
• Negative Sentiment: RBC lowered its target slightly to $151 but kept an “outperform” stance — the reduction still weighs on near-term sentiment even if the target implies material upside. RBC Lowers Price Target TickerReport Coverage
• Negative Sentiment: Stephens and Evercore ISI also trimmed targets to $100 and $103 respectively, moving ratings to “equal weight”/”in-line” — these smaller cuts add to the downward analyst momentum. Stephens & Evercore Price Target Changes

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.