Evercore ISI Cuts Canadian National Railway (NYSE:CNI) Price Target to $103.00

Canadian National Railway (NYSE:CNI) (TSE:CNR) had its price target decreased by Evercore ISI from $105.00 to $103.00 in a research report sent to investors on Monday,Benzinga reports. Evercore ISI currently has an in-line rating on the transportation company’s stock.

Several other equities analysts also recently issued reports on CNI. CIBC upgraded shares of Canadian National Railway from a “neutral” rating to an “outperformer” rating and upped their price objective for the company from $146.00 to $151.00 in a report on Friday, November 28th. Royal Bank Of Canada lifted their target price on shares of Canadian National Railway from $148.00 to $158.00 and gave the stock an “outperform” rating in a research note on Monday, November 3rd. Vertical Research upgraded shares of Canadian National Railway from a “hold” rating to a “buy” rating in a research note on Monday, January 5th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Canadian National Railway in a report on Wednesday, October 8th. Finally, Zacks Research upgraded shares of Canadian National Railway from a “strong sell” rating to a “hold” rating in a research note on Friday, November 28th. One analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and ten have issued a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $118.91.

Canadian National Railway Stock Performance

Shares of CNI opened at $98.95 on Monday. The company has a current ratio of 0.67, a quick ratio of 0.42 and a debt-to-equity ratio of 0.94. The firm has a market cap of $60.80 billion, a PE ratio of 18.22, a P/E/G ratio of 2.03 and a beta of 0.94. Canadian National Railway has a 12 month low of $90.74 and a 12 month high of $108.75. The stock has a fifty day moving average price of $98.37 and a 200-day moving average price of $96.06.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last announced its earnings results on Friday, January 30th. The transportation company reported $1.49 earnings per share for the quarter, topping the consensus estimate of $1.43 by $0.06. Canadian National Railway had a return on equity of 22.14% and a net margin of 27.28%.The firm had revenue of $3.24 billion for the quarter, compared to the consensus estimate of $4.43 billion. During the same period in the previous year, the business earned $1.82 EPS. The firm’s revenue for the quarter was up 2.4% on a year-over-year basis. Equities research analysts predict that Canadian National Railway will post 5.52 earnings per share for the current fiscal year.

Canadian National Railway Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Tuesday, March 10th will be paid a dividend of $0.915 per share. This represents a $3.66 annualized dividend and a yield of 3.7%. The ex-dividend date is Tuesday, March 10th. This is a positive change from Canadian National Railway’s previous quarterly dividend of $0.89. Canadian National Railway’s dividend payout ratio (DPR) is presently 46.59%.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the business. High Point Wealth Management LLC acquired a new position in Canadian National Railway during the fourth quarter valued at $27,000. Addison Advisors LLC grew its position in Canadian National Railway by 124.0% during the 2nd quarter. Addison Advisors LLC now owns 271 shares of the transportation company’s stock worth $28,000 after purchasing an additional 150 shares during the period. Hollencrest Capital Management purchased a new position in shares of Canadian National Railway during the 3rd quarter valued at about $28,000. Curio Wealth LLC lifted its holdings in shares of Canadian National Railway by 31,600.0% in the 2nd quarter. Curio Wealth LLC now owns 317 shares of the transportation company’s stock valued at $33,000 after buying an additional 316 shares during the period. Finally, First Horizon Corp acquired a new position in shares of Canadian National Railway in the 3rd quarter valued at about $30,000. Hedge funds and other 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.