Canadian National Railway’s (CNI) Neutral Rating Reiterated at Susquehanna

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

A number of other research analysts also recently issued reports on the stock. Evercore raised shares of Canadian National Railway from an “in-line” rating to an “outperform” rating and set a $124.00 price objective on the stock in a research report on Thursday, June 25th. Sanford C. Bernstein raised their target price on shares of Canadian National Railway from $113.88 to $117.36 and gave the stock a “market perform” rating in a research report on Tuesday, March 31st. Weiss Ratings lowered shares of Canadian National Railway from a “hold (c+)” rating to a “hold (c)” rating in a research note on Thursday, July 9th. Stephens upgraded shares of Canadian National Railway to a “hold” rating in a research report on Wednesday, July 8th. Finally, Royal Bank Of Canada boosted their price target 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. Eight research analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $132.12.

Canadian National Railway Stock Up 3.3%

Shares of NYSE:CNI opened at $128.15 on Tuesday. Canadian National Railway has a 1 year low of $90.74 and a 1 year high of $128.24. The company has a market cap of $77.66 billion, a PE ratio of 23.30, a P/E/G ratio of 2.37 and a beta of 0.96. The company has a debt-to-equity ratio of 0.95, a current ratio of 0.67 and a quick ratio of 0.49. The stock’s 50-day moving average is $118.13 and its 200 day moving average is $109.49.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last released its quarterly earnings results on Wednesday, April 29th. The transportation company reported $1.31 EPS for the quarter, meeting analysts’ consensus estimates of $1.31. The business had revenue of $3.15 billion during the quarter, compared to analyst estimates of $3.15 billion. Canadian National Railway had a return on equity of 21.90% and a net margin of 27.22%.Canadian National Railway’s quarterly revenue was down .5% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.85 EPS. Sell-side analysts anticipate that Canadian National Railway will post 5.66 EPS for the current year.

Canadian National Railway Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Tuesday, June 9th were issued a $0.915 dividend. The ex-dividend date was Tuesday, June 9th. This represents a $3.66 dividend on an annualized basis and a yield of 2.9%. Canadian National Railway’s dividend payout ratio is 48.55%.

Hedge Funds Weigh In On Canadian National Railway

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. High Point Wealth Management LLC purchased a new stake in shares of Canadian National Railway in the 4th quarter worth about $27,000. Curio Wealth LLC purchased a new position in Canadian National Railway during the 4th quarter valued at about $31,000. MidFirst Bank bought a new stake in Canadian National Railway during the fourth quarter worth about $31,000. Caitong International Asset Management Co. Ltd boosted its stake in Canadian National Railway by 378.4% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 354 shares of the transportation company’s stock worth $35,000 after acquiring an additional 280 shares in the last quarter. Finally, MBM Wealth Consultants LLC purchased a new stake in Canadian National Railway in the first quarter worth about $37,000. Hedge funds and other 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.