Stifel Nicolaus Lowers Canadian National Railway (NYSE:CNI) Price Target to $130.00

Canadian National Railway (NYSE:CNI - Free Report) TSE: CNR had its target price decreased by Stifel Nicolaus from $133.00 to $130.00 in a research note published on Friday morning, Benzinga reports. Stifel Nicolaus currently has a hold rating on the transportation company's stock.

CNI has been the subject of a number of other reports. Sanford C. Bernstein reduced their price objective on shares of Canadian National Railway from $130.67 to $126.29 and set a market perform rating for the company in a research note on Wednesday. Evercore ISI lowered their price target on Canadian National Railway from $128.00 to $119.00 and set an in-line rating on the stock in a research report on Wednesday, September 25th. Barclays lifted their price target on Canadian National Railway from $120.00 to $121.00 and gave the stock an equal weight rating in a research report on Wednesday, September 25th. Susquehanna reduced their price objective on Canadian National Railway from $135.00 to $130.00 and set a neutral rating for the company in a research report on Wednesday, July 24th. Finally, Bank of America downgraded shares of Canadian National Railway from a buy rating to a neutral rating and reduced their price target for the company from $129.00 to $122.00 in a report on Friday, October 4th. One equities research analyst has rated the stock with a sell rating, sixteen have assigned a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of Hold and an average target price of $128.38.

Canadian National Railway Stock Up 0.6 %

Shares of Canadian National Railway stock traded up $0.74 during midday trading on Friday, reaching $115.84. 1,047,595 shares of the company's stock traded hands, compared to its average volume of 1,095,263. The company has a debt-to-equity ratio of 0.93, a quick ratio of 0.48 and a current ratio of 0.63. Canadian National Railway has a 52 week low of $103.96 and a 52 week high of $134.02. The company's 50 day simple moving average is $115.47 and its 200 day simple moving average is $120.83. The company has a market cap of $72.95 billion, a price-to-earnings ratio of 18.65, a price-to-earnings-growth ratio of 2.52 and a beta of 0.88.

Canadian National Railway (NYSE:CNI - Get Free Report) TSE: CNR last announced its quarterly earnings results on Tuesday, July 23rd. The transportation company reported $1.84 earnings per share for the quarter, missing analysts' consensus estimates of $1.93 by ($0.09). Canadian National Railway had a return on equity of 23.58% and a net margin of 32.00%. The company had revenue of $4.33 billion during the quarter, compared to analyst estimates of $4.40 billion. During the same period in the prior year, the firm earned $1.31 EPS. Canadian National Railway's quarterly revenue was up 6.7% on a year-over-year basis. Equities analysts expect that Canadian National Railway will post 5.54 earnings per share for the current fiscal year.

Canadian National Railway Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, September 27th. Stockholders of record on Friday, September 6th were issued a $0.614 dividend. This represents a $2.46 annualized dividend and a dividend yield of 2.12%. The ex-dividend date was Friday, September 6th. Canadian National Railway's payout ratio is currently 39.26%.

Institutional Trading of Canadian National Railway

A number of hedge funds and other institutional investors have recently made changes to their positions in CNI. Harrington Investments INC grew its stake in shares of Canadian National Railway by 0.6% during the third quarter. Harrington Investments INC now owns 20,346 shares of the transportation company's stock valued at $2,384,000 after purchasing an additional 130 shares during the last quarter. Grove Bank & Trust lifted its holdings in Canadian National Railway by 15.3% during the 3rd quarter. Grove Bank & Trust now owns 730 shares of the transportation company's stock worth $86,000 after buying an additional 97 shares in the last quarter. Koshinski Asset Management Inc. boosted its position in Canadian National Railway by 3.2% in the 3rd quarter. Koshinski Asset Management Inc. now owns 4,375 shares of the transportation company's stock valued at $513,000 after buying an additional 135 shares during the last quarter. CHICAGO TRUST Co NA increased its stake in shares of Canadian National Railway by 3.9% in the 3rd quarter. CHICAGO TRUST Co NA now owns 13,262 shares of the transportation company's stock valued at $1,554,000 after buying an additional 497 shares during the period. Finally, Cardinal Capital Management Inc. increased its stake in shares of Canadian National Railway by 1.0% in the 3rd quarter. Cardinal Capital Management Inc. now owns 475,519 shares of the transportation company's stock valued at $55,750,000 after buying an additional 4,840 shares during the period. 80.74% of the stock is currently owned by institutional investors and hedge funds.

Canadian National Railway Company Profile

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.