Stifel Nicolaus Cuts Canadian National Railway (NYSE:CNI) Price Target to $115.00

Canadian National Railway (NYSE:CNI) (TSE:CNR) had its price target lowered by Stifel Nicolaus from $125.00 to $115.00 in a research report report published on Monday,Benzinga reports. The firm currently has a buy rating on the transportation company’s stock.

CNI has been the topic of several other reports. Bank of America cut their target price on Canadian National Railway from $119.00 to $112.00 and set a “neutral” rating on the stock in a research note on Wednesday, January 8th. Wells Fargo & Company cut their price objective on Canadian National Railway from $125.00 to $123.00 and set an “overweight” rating on the stock in a research report on Monday, January 13th. Citigroup decreased their target price on Canadian National Railway from $122.00 to $114.00 and set a “buy” rating for the company in a report on Tuesday, April 8th. Royal Bank of Canada cut their price target on shares of Canadian National Railway from $174.00 to $171.00 and set an “outperform” rating on the stock in a report on Friday, January 31st. Finally, JPMorgan Chase & Co. upgraded shares of Canadian National Railway from a “neutral” rating to an “overweight” rating in a report on Tuesday, January 7th. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating, seven have given a buy rating and four have assigned a strong buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $120.36.

Canadian National Railway Stock Performance

Shares of CNI stock opened at $98.76 on Monday. The company has a market capitalization of $62.07 billion, a P/E ratio of 19.29, a PEG ratio of 1.95 and a beta of 0.93. Canadian National Railway has a fifty-two week low of $91.65 and a fifty-two week high of $130.63. The company has a debt-to-equity ratio of 0.94, a quick ratio of 0.48 and a current ratio of 0.66. The stock has a 50 day moving average price of $99.13 and a two-hundred day moving average price of $104.62.

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

Canadian National Railway Increases Dividend

The business also recently disclosed 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 is a boost from Canadian National Railway’s previous quarterly dividend of $0.61. The ex-dividend date was Monday, March 10th. This represents a $2.46 dividend on an annualized basis and a yield of 2.49%. Canadian National Railway’s payout ratio is presently 47.66%.

Hedge Funds Weigh In On Canadian National Railway

Several institutional investors and hedge funds have recently modified their holdings of the stock. Quintet Private Bank Europe S.A. purchased a new stake in Canadian National Railway during the 4th quarter valued at about $25,000. Arlington Trust Co LLC bought a new position in shares of Canadian National Railway in the fourth quarter worth approximately $30,000. Lee Danner & Bass Inc. purchased a new stake in shares of Canadian National Railway during the fourth quarter valued at approximately $30,000. Addison Advisors LLC increased its position in shares of Canadian National Railway by 80.2% during the fourth quarter. Addison Advisors LLC now owns 319 shares of the transportation company’s stock valued at $32,000 after acquiring an additional 142 shares in the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. raised its holdings in Canadian National Railway by 48.2% in the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 332 shares of the transportation company’s stock worth $34,000 after acquiring an additional 108 shares during the last quarter. 80.74% of the stock is currently owned by institutional investors.

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.