Canadian National Railway (NYSE:CNI) Price Target Raised to $205.00

Canadian National Railway (NYSE:CNI) (TSE:CNR) had its price objective hoisted by Royal Bank Of Canada from $195.00 to $205.00 in a research report report published on Monday morning,Benzinga reports. They currently have an outperform rating on the transportation company’s stock.

CNI has been the subject of several other reports. Susquehanna reissued a “neutral” rating and issued a $140.00 price target (up from $138.00) on shares of Canadian National Railway in a report on Tuesday, July 14th. Canadian Imperial Bank of Commerce upped their price target on shares of Canadian National Railway from C$182.00 to C$185.00 and gave the stock an “outperformer” rating in a report on Thursday, June 25th. Sanford C. Bernstein increased their price objective on Canadian National Railway from $113.88 to $117.36 and gave the stock a “market perform” rating in a research report on Tuesday, March 31st. Stephens raised Canadian National Railway to a “hold” rating in a research note on Wednesday, July 8th. Finally, Citigroup lifted their price objective on Canadian National Railway from $124.00 to $141.00 and gave the company a “buy” rating in a research note on Thursday, July 9th. Eight research analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the stock. According to data from MarketBeat, Canadian National Railway presently has a consensus rating of “Hold” and a consensus target price of $137.40.

Canadian National Railway Trading Up 0.2%

Shares of Canadian National Railway stock opened at $129.77 on Monday. Canadian National Railway has a 12-month low of $90.74 and a 12-month high of $131.55. The company has a market cap of $78.64 billion, a price-to-earnings ratio of 23.01, a PEG ratio of 2.44 and a beta of 0.96. The company has a current ratio of 0.87, a quick ratio of 0.49 and a debt-to-equity ratio of 0.99. The company’s 50-day moving average price is $121.11 and its 200-day moving average price is $111.36.

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

Canadian National Railway Dividend Announcement

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

Institutional Investors Weigh In On Canadian National Railway

A number of large investors have recently added to or reduced their stakes in CNI. Cardinal Capital Management Inc. lifted its stake in Canadian National Railway by 5.8% during the second quarter. Cardinal Capital Management Inc. now owns 1,254,252 shares of the transportation company’s stock worth $149,384,000 after purchasing an additional 68,791 shares during the last quarter. Ausbil Investment Management Ltd increased its position in shares of Canadian National Railway by 20.7% during the 2nd quarter. Ausbil Investment Management Ltd now owns 56,806 shares of the transportation company’s stock valued at $6,767,000 after purchasing an additional 9,737 shares during the last quarter. Fulton Bank N.A. bought a new position in shares of Canadian National Railway during the 2nd quarter valued at about $209,000. Wealthcare Advisory Partners LLC bought a new position in shares of Canadian National Railway during the 2nd quarter valued at about $226,000. Finally, Revolve Wealth Partners LLC purchased a new position in shares of Canadian National Railway during the 2nd quarter valued at about $502,000. 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.