Barclays Lowers Canadian National Railway (NYSE:CNI) Price Target to $104.00

Canadian National Railway (NYSE:CNI - Free Report) TSE: CNR had its price target lowered by Barclays from $112.00 to $104.00 in a report issued on Wednesday,Benzinga reports. Barclays currently has an equal weight rating on the transportation company's stock.

A number of other equities analysts have also weighed in on the company. Royal Bank of Canada decreased their target price on Canadian National Railway from $174.00 to $171.00 and set an "outperform" rating for the company in a research report on Friday, January 31st. JPMorgan Chase & Co. raised shares of Canadian National Railway from a "neutral" rating to an "overweight" rating in a report on Tuesday, January 7th. Loop Capital downgraded Canadian National Railway from a "hold" rating to a "sell" rating in a research note on Monday, February 3rd. Wells Fargo & Company dropped their target price on Canadian National Railway from $125.00 to $123.00 and set an "overweight" rating on the stock in a research report on Monday, January 13th. Finally, TD Securities raised shares of Canadian National Railway from a "hold" rating to a "strong-buy" rating in a research report on Monday, January 13th. Two analysts have rated the stock with a sell rating, seven have issued a hold rating, seven have assigned a buy rating and four have assigned a strong buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $123.36.

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Canadian National Railway Stock Down 2.7 %

Shares of CNI traded down $2.65 during mid-day trading on Wednesday, reaching $93.84. The company had a trading volume of 1,040,557 shares, compared to its average volume of 1,249,994. The company has a debt-to-equity ratio of 0.94, a quick ratio of 0.48 and a current ratio of 0.66. The company has a market capitalization of $58.97 billion, a price-to-earnings ratio of 18.35, a price-to-earnings-growth ratio of 1.95 and a beta of 0.93. The firm has a 50-day moving average price of $100.46 and a 200 day moving average price of $105.78. Canadian National Railway has a 52 week low of $92.68 and a 52 week high of $132.27.

Canadian National Railway (NYSE:CNI - Get Free Report) TSE: CNR last issued its earnings results on Thursday, January 30th. The transportation company reported $1.30 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.39 by ($0.09). Canadian National Railway had a return on equity of 22.48% and a net margin of 26.09%. On average, sell-side analysts forecast that Canadian National Railway will post 5.52 EPS for the current year.

Canadian National Railway Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Monday, March 10th were issued a dividend of $0.6159 per share. This represents a $2.46 annualized dividend and a dividend yield of 2.63%. This is a boost from Canadian National Railway's previous quarterly dividend of $0.61. The ex-dividend date was Monday, March 10th. Canadian National Railway's dividend payout ratio is 47.66%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the business. Norges Bank purchased a new position in shares of Canadian National Railway in the 4th quarter worth $563,048,000. National Bank of Canada FI lifted its holdings in shares of Canadian National Railway by 46.5% in the 3rd quarter. National Bank of Canada FI now owns 6,737,322 shares of the transportation company's stock valued at $789,030,000 after acquiring an additional 2,137,948 shares during the last quarter. Canoe Financial LP purchased a new position in Canadian National Railway in the fourth quarter worth about $216,943,000. Royal Bank of Canada increased its stake in Canadian National Railway by 7.5% during the fourth quarter. Royal Bank of Canada now owns 27,757,038 shares of the transportation company's stock worth $2,817,616,000 after acquiring an additional 1,934,622 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD raised its position in Canadian National Railway by 33.6% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 5,489,874 shares of the transportation company's stock valued at $557,278,000 after purchasing an additional 1,380,554 shares during the period. 80.74% of the stock is owned by hedge funds and other institutional investors.

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.