Canadian National Railway (NYSE:CNI) Price Target Cut to $112.00 by Analysts at Barclays

Canadian National Railway (NYSE:CNI) (TSE:CNR) had its price objective decreased by Barclays from $121.00 to $112.00 in a research note published on Friday morning,Benzinga reports. Barclays currently has an equal weight rating on the transportation company’s stock.

A number of other analysts have also commented on the company. Sanford C. Bernstein dropped their price target on Canadian National Railway from $130.67 to $126.29 and set a “market perform” rating on the stock in a report on Wednesday, October 9th. Veritas upgraded Canadian National Railway from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, October 23rd. The Goldman Sachs Group reduced their price target on shares of Canadian National Railway from $131.00 to $124.00 and set a “sell” rating for the company in a research report on Wednesday, October 9th. Citigroup raised shares of Canadian National Railway from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $126.00 to $130.00 in a research report on Tuesday, November 12th. Finally, Wells Fargo & Company reduced their target price on shares of Canadian National Railway from $125.00 to $123.00 and set an “overweight” rating for the company in a research report on Monday, January 13th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating, seven have assigned a buy rating and four have issued a strong buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $124.02.

Canadian National Railway Stock Performance

Shares of CNI stock opened at $101.54 on Friday. The company has a debt-to-equity ratio of 0.96, a current ratio of 0.64 and a quick ratio of 0.49. The firm has a 50-day moving average of $105.62 and a 200-day moving average of $112.02. Canadian National Railway has a one year low of $98.96 and a one year high of $134.02. The company has a market cap of $63.85 billion, a P/E ratio of 16.27, a P/E/G ratio of 2.21 and a beta of 0.91.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last posted its quarterly earnings data on Tuesday, October 22nd. The transportation company reported $1.72 EPS for the quarter, beating the consensus estimate of $1.70 by $0.02. Canadian National Railway had a net margin of 31.65% and a return on equity of 23.62%. The firm had revenue of $4.11 billion during the quarter, compared to analyst estimates of $4.08 billion. During the same quarter last year, the business posted $1.26 EPS. The company’s revenue for the quarter was up 3.1% on a year-over-year basis. Equities research analysts forecast that Canadian National Railway will post 5.21 EPS for the current fiscal year.

Canadian National Railway Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, December 30th. Shareholders of record on Monday, December 9th were given a dividend of $0.6108 per share. The ex-dividend date was Monday, December 9th. This represents a $2.44 annualized dividend and a dividend yield of 2.41%. Canadian National Railway’s dividend payout ratio is currently 38.30%.

Hedge Funds Weigh In On Canadian National Railway

Several hedge funds have recently made changes to their positions in CNI. Fortitude Family Office LLC lifted its holdings in Canadian National Railway by 738.7% during the 3rd quarter. Fortitude Family Office LLC now owns 260 shares of the transportation company’s stock worth $30,000 after purchasing an additional 229 shares in the last quarter. Coastline Trust Co bought a new stake in shares of Canadian National Railway during the third quarter valued at about $34,000. Thurston Springer Miller Herd & Titak Inc. lifted its holdings in shares of Canadian National Railway by 48.2% in the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 332 shares of the transportation company’s stock worth $34,000 after buying an additional 108 shares in the last quarter. Reston Wealth Management LLC bought a new position in shares of Canadian National Railway in the third quarter valued at approximately $41,000. Finally, Sanctuary Wealth Management L.L.C. purchased a new position in Canadian National Railway during the third quarter valued at approximately $56,000. 80.74% of the stock is currently owned by hedge funds and other institutional investors.

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.