Stifel Nicolaus Increases Canadian National Railway (NYSE:CNI) Price Target to $132.00

Canadian National Railway (NYSE:CNI - Free Report) TSE: CNR had its price target boosted by Stifel Nicolaus from $130.00 to $132.00 in a research report sent to investors on Wednesday, Benzinga reports. They currently have a hold rating on the transportation company's stock.

CNI has been the subject of a number of other reports. Wells Fargo & Company raised Canadian National Railway from an "equal weight" rating to an "overweight" rating and set a $125.00 price objective for the company in a research note on Monday, October 7th. Bank of America cut Canadian National Railway from a "buy" rating to a "neutral" rating and decreased their price objective for the stock from $129.00 to $122.00 in a research note on Friday, October 4th. Barclays lifted their price objective on Canadian National Railway from $120.00 to $121.00 and gave the stock an "equal weight" rating in a research note on Wednesday, September 25th. Susquehanna decreased their price objective on Canadian National Railway from $130.00 to $125.00 and set a "neutral" rating for the company in a research note on Wednesday. Finally, Royal Bank of Canada raised Canadian National Railway from a "sector perform" rating to an "outperform" rating in a research note on Thursday, October 10th. One investment analyst has rated the stock with a sell rating, fifteen have given a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, Canadian National Railway presently has a consensus rating of "Hold" and an average price target of $125.10.

Canadian National Railway Trading Down 0.2 %

Shares of CNI stock traded down $0.25 on Wednesday, reaching $111.99. 2,663,084 shares of the stock were exchanged, compared to its average volume of 1,111,577. The stock has a market cap of $70.82 billion, a PE ratio of 18.14, a P/E/G ratio of 2.53 and a beta of 0.88. Canadian National Railway has a one year low of $103.96 and a one year high of $134.02. The company has a debt-to-equity ratio of 0.93, a current ratio of 0.63 and a quick ratio of 0.48. The stock has a 50 day moving average price of $116.00 and a 200 day moving average price of $119.78.

Canadian National Railway (NYSE:CNI - Get Free Report) TSE: CNR last released its earnings results on Tuesday, October 22nd. The transportation company reported $1.72 earnings per share for the quarter, topping analysts' consensus estimates of $1.70 by $0.02. The company had revenue of $4.11 billion during the quarter, compared to the consensus estimate of $4.08 billion. Canadian National Railway had a return on equity of 23.58% and a net margin of 32.00%. The firm's quarterly revenue was up 3.1% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.26 earnings per share. Equities research analysts forecast that Canadian National Railway will post 5.5 EPS for the current fiscal year.

Canadian National Railway Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 30th. Stockholders of record on Monday, December 9th will be given a dividend of $0.6108 per share. The ex-dividend date of this dividend is Monday, December 9th. This represents a $2.44 annualized dividend and a dividend yield of 2.18%. Canadian National Railway's dividend payout ratio is currently 39.07%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the company. Lake Street Advisors Group LLC boosted its position in Canadian National Railway by 44.3% during the third quarter. Lake Street Advisors Group LLC now owns 10,244 shares of the transportation company's stock valued at $1,200,000 after purchasing an additional 3,144 shares during the last quarter. Harbour Trust & Investment Management Co boosted its position in Canadian National Railway by 0.6% during the third quarter. Harbour Trust & Investment Management Co now owns 96,818 shares of the transportation company's stock valued at $11,342,000 after purchasing an additional 535 shares during the last quarter. Assenagon Asset Management S.A. boosted its position in Canadian National Railway by 10.5% during the third quarter. Assenagon Asset Management S.A. now owns 18,440 shares of the transportation company's stock valued at $2,162,000 after purchasing an additional 1,752 shares during the last quarter. Franklin Parlapiano Turner & Welch LLC boosted its position in Canadian National Railway by 2.1% during the third quarter. Franklin Parlapiano Turner & Welch LLC now owns 64,282 shares of the transportation company's stock valued at $7,531,000 after purchasing an additional 1,352 shares during the last quarter. Finally, International Assets Investment Management LLC acquired a new position in Canadian National Railway during the third quarter valued at approximately $52,840,000. 80.74% of the stock is owned by institutional investors and hedge funds.

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.