Canadian National Railway (NYSE:CNI) Price Target Raised to $145.00

Canadian National Railway (NYSE:CNI) (TSE:CNR) had its price objective increased by Wells Fargo & Company from $135.00 to $145.00 in a research report released on Monday,Benzinga reports. The brokerage currently has an overweight rating on the transportation company’s stock.

CNI has been the topic of a number of other reports. Stephens raised Canadian National Railway to a “hold” rating in a research note on Wednesday, July 8th. Canadian Imperial Bank of Commerce upped their price objective on Canadian National Railway from C$182.00 to C$185.00 and gave the company an “outperformer” rating in a research note on Thursday, June 25th. Bank of America raised their price objective on shares of Canadian National Railway from $132.00 to $134.00 and gave the company a “buy” rating in a report on Tuesday, June 23rd. Royal Bank Of Canada lifted their target price on shares of Canadian National Railway from $160.00 to $178.00 and gave the stock an “outperform” rating in a research report on Thursday, April 30th. Finally, National Bank Financial set a $124.00 target price on shares of Canadian National Railway in a report on Thursday, June 25th. Eight research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $137.40.

Canadian National Railway Stock Performance

NYSE CNI opened at $129.77 on Monday. The firm’s fifty day moving average price is $121.11 and its two-hundred day moving average price is $111.36. The stock has a market cap of $78.64 billion, a PE ratio of 23.01, a PEG ratio of 2.44 and a beta of 0.96. The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.49 and a current ratio of 0.87. Canadian National Railway has a fifty-two week low of $90.74 and a fifty-two week high of $131.55.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last released its quarterly earnings data on Friday, July 24th. The transportation company reported $1.50 earnings per share for the quarter, beating the consensus estimate of $1.39 by $0.11. The company had revenue of $3.35 billion for the quarter, compared to the consensus estimate of $3.26 billion. Canadian National Railway had a return on equity of 22.22% and a net margin of 26.92%.Canadian National Railway’s revenue for the quarter was up 11.3% on a year-over-year basis. During the same quarter last year, the business posted $1.87 EPS. On average, equities analysts expect that Canadian National Railway will post 5.75 EPS for the current fiscal year.

Canadian National Railway Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 29th. Stockholders of record on Tuesday, September 8th will be given a $0.915 dividend. The ex-dividend date is Tuesday, September 8th. This represents a $3.66 dividend on an annualized basis and a dividend yield of 2.8%. Canadian National Railway’s payout ratio is 47.34%.

Hedge Funds Weigh In On Canadian National Railway

Hedge funds have recently bought and sold shares of the company. Minot DeBlois Advisors LLC boosted its position in Canadian National Railway by 2.0% during the fourth quarter. Minot DeBlois Advisors LLC now owns 5,132 shares of the transportation company’s stock valued at $507,000 after acquiring an additional 103 shares during the last quarter. Smartleaf Asset Management LLC raised its position in shares of Canadian National Railway by 19.4% in the 4th quarter. Smartleaf Asset Management LLC now owns 635 shares of the transportation company’s stock worth $63,000 after acquiring an additional 103 shares in the last quarter. Tacita Capital Inc raised its position in shares of Canadian National Railway by 0.6% in the 4th quarter. Tacita Capital Inc now owns 19,809 shares of the transportation company’s stock worth $1,960,000 after acquiring an additional 109 shares in the last quarter. Roberts Glore & Co. Inc. IL lifted its stake in shares of Canadian National Railway by 1.5% in the 4th quarter. Roberts Glore & Co. Inc. IL now owns 7,233 shares of the transportation company’s stock valued at $715,000 after purchasing an additional 110 shares during the period. Finally, Patten Group Inc. lifted its stake in shares of Canadian National Railway by 1.4% in the 4th quarter. Patten Group Inc. now owns 8,326 shares of the transportation company’s stock valued at $823,000 after purchasing an additional 114 shares during the period. 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.