Susquehanna Raises Canadian National Railway (NYSE:CNI) Price Target to $142.00

Canadian National Railway (NYSE:CNI) (TSE:CNR) had its price objective hoisted by Susquehanna from $140.00 to $142.00 in a report published on Wednesday, Benzinga reports. They currently have a neutral rating on the transportation company’s stock.

Other research analysts have also recently issued reports about the stock. Barclays boosted their price target on shares of Canadian National Railway from $127.00 to $130.00 and gave the stock an equal weight rating in a report on Thursday, April 4th. Wells Fargo & Company boosted their price target on shares of Canadian National Railway from $110.00 to $125.00 and gave the stock an equal weight rating in a report on Wednesday, January 24th. Benchmark reaffirmed a hold rating on shares of Canadian National Railway in a research report on Wednesday, April 10th. Citigroup lifted their price objective on shares of Canadian National Railway from $121.00 to $128.00 and gave the stock a neutral rating in a research report on Wednesday, January 24th. Finally, TD Securities lowered shares of Canadian National Railway from a buy rating to a hold rating in a research report on Monday, January 8th. Eighteen investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of Hold and a consensus price target of $149.05.

Canadian National Railway Stock Up 0.4 %

Canadian National Railway stock opened at $125.23 on Wednesday. Canadian National Railway has a fifty-two week low of $103.96 and a fifty-two week high of $134.02. The stock has a market cap of $79.98 billion, a PE ratio of 19.97, a price-to-earnings-growth ratio of 2.18 and a beta of 0.88. The firm’s 50-day simple moving average is $129.49 and its 200 day simple moving average is $122.43. The company has a debt-to-equity ratio of 0.84, a quick ratio of 0.47 and a current ratio of 0.60.

Canadian National Railway Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Friday, June 7th will be given a $0.625 dividend. This represents a $2.50 annualized dividend and a dividend yield of 2.00%. The ex-dividend date is Friday, June 7th. Canadian National Railway’s dividend payout ratio (DPR) is currently 40.03%.

Hedge Funds Weigh In On Canadian National Railway

Several hedge funds have recently bought and sold shares of CNI. Bfsg LLC grew its stake in Canadian National Railway by 110.5% during the first quarter. Bfsg LLC now owns 200 shares of the transportation company’s stock valued at $26,000 after acquiring an additional 105 shares in the last quarter. GAMMA Investing LLC grew its stake in Canadian National Railway by 766.7% during the first quarter. GAMMA Investing LLC now owns 234 shares of the transportation company’s stock valued at $31,000 after acquiring an additional 207 shares in the last quarter. JFS Wealth Advisors LLC grew its stake in Canadian National Railway by 241.1% during the third quarter. JFS Wealth Advisors LLC now owns 324 shares of the transportation company’s stock valued at $35,000 after acquiring an additional 229 shares in the last quarter. EverSource Wealth Advisors LLC grew its stake in Canadian National Railway by 121.0% during the third quarter. EverSource Wealth Advisors LLC now owns 369 shares of the transportation company’s stock valued at $40,000 after acquiring an additional 202 shares in the last quarter. Finally, Rational Advisors LLC purchased a new position in Canadian National Railway in the 3rd quarter worth approximately $41,000. Hedge funds and other institutional investors own 80.74% of the company’s stock.

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.