Citigroup Cuts Canadian National Railway (NYSE:CNI) Price Target to $114.00

Canadian National Railway (NYSE:CNI - Free Report) TSE: CNR had its price target lowered by Citigroup from $122.00 to $114.00 in a research report released on Tuesday morning, Marketbeat reports. The brokerage currently has a buy rating on the transportation company's stock.

A number of other equities analysts have also commented on the stock. Evercore ISI upgraded shares of Canadian National Railway from a "hold" rating to a "strong-buy" rating in a report on Thursday, December 19th. Stifel Nicolaus upped their target price on Canadian National Railway from $120.00 to $125.00 and gave the company a "buy" rating in a research report on Friday, January 31st. Barclays decreased their price target on shares of Canadian National Railway from $112.00 to $104.00 and set an "equal weight" rating for the company in a research report on Wednesday, April 2nd. Bank of America cut their price target on shares of Canadian National Railway from $119.00 to $112.00 and set a "neutral" rating on the stock in a report on Wednesday, January 8th. Finally, Jefferies Financial Group raised shares of Canadian National Railway from a "hold" rating to a "buy" rating and set a $120.00 target price for the company in a research report on Friday, January 10th. Two research analysts have rated the stock with a sell rating, seven have given a hold rating, seven have given a buy rating and four have assigned a strong buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $121.19.

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Canadian National Railway Stock Up 4.1 %

NYSE:CNI traded up $3.96 during mid-day trading on Tuesday, hitting $99.77. The company had a trading volume of 1,712,787 shares, compared to its average volume of 1,273,766. The business has a fifty day simple moving average of $99.36 and a 200-day simple moving average of $104.90. The firm has a market capitalization of $62.70 billion, a price-to-earnings ratio of 19.49, a PEG ratio of 1.95 and a beta of 0.93. Canadian National Railway has a 1 year low of $91.65 and a 1 year high of $130.63. The company has a current ratio of 0.66, a quick ratio of 0.48 and a debt-to-equity ratio of 0.94.

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

Canadian National Railway Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Monday, March 10th were paid a dividend of $0.6159 per share. This represents a $2.46 dividend on an annualized basis and a yield of 2.47%. This is a positive change from Canadian National Railway's previous quarterly dividend of $0.61. The ex-dividend date was Monday, March 10th. Canadian National Railway's payout ratio is presently 47.66%.

Institutional Investors Weigh In On Canadian National Railway

Hedge funds have recently made changes to their positions in the business. Gateway Investment Advisers LLC raised its stake in Canadian National Railway by 71.0% during the 1st quarter. Gateway Investment Advisers LLC now owns 4,869 shares of the transportation company's stock valued at $475,000 after acquiring an additional 2,022 shares in the last quarter. Stokes Capital Advisors LLC increased its holdings in shares of Canadian National Railway by 2.6% during the first quarter. Stokes Capital Advisors LLC now owns 52,398 shares of the transportation company's stock valued at $5,107,000 after purchasing an additional 1,343 shares during the period. Harrington Investments INC raised its stake in shares of Canadian National Railway by 2.1% during the first quarter. Harrington Investments INC now owns 19,929 shares of the transportation company's stock valued at $1,942,000 after purchasing an additional 403 shares in the last quarter. First Affirmative Financial Network grew its position in Canadian National Railway by 6.0% in the 1st quarter. First Affirmative Financial Network now owns 5,933 shares of the transportation company's stock valued at $578,000 after buying an additional 335 shares in the last quarter. Finally, Atwater Malick LLC increased its stake in Canadian National Railway by 1.7% during the 1st quarter. Atwater Malick LLC now owns 71,274 shares of the transportation company's stock valued at $6,946,000 after buying an additional 1,198 shares during the period. 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.