Canadian National Railway (NYSE:CNI) Price Target Cut to $125.00 by Analysts at Wells Fargo & Company

Canadian National Railway (NYSE:CNI) (TSE:CNR) had its price objective trimmed by Wells Fargo & Company from $133.00 to $125.00 in a report issued on Tuesday,Benzinga reports. The firm currently has an overweight rating on the transportation company’s stock.

CNI has been the topic of several other research reports. Benchmark reiterated a “hold” rating on shares of Canadian National Railway in a research note on Thursday, October 24th. Stifel Nicolaus increased their price objective on Canadian National Railway from $130.00 to $132.00 and gave the stock a “hold” rating in a report on Wednesday, October 23rd. JPMorgan Chase & Co. upgraded Canadian National Railway from a “neutral” rating to an “overweight” rating in a research note on Tuesday. The Goldman Sachs Group cut their price target on Canadian National Railway from $131.00 to $124.00 and set a “sell” rating for the company in a research note on Wednesday, October 9th. Finally, Susquehanna dropped their price objective on Canadian National Railway from $130.00 to $125.00 and set a “neutral” rating on the stock in a report on Wednesday, October 23rd. One investment analyst has rated the stock with a sell rating, twelve have given a hold rating, five have given a buy rating and three have issued a strong buy rating to the company. According to data from MarketBeat.com, Canadian National Railway has an average rating of “Hold” and an average price target of $125.86.

Canadian National Railway Price Performance

Shares of NYSE:CNI opened at $104.37 on Tuesday. The company’s fifty day moving average is $106.84 and its two-hundred day moving average is $112.77. The company has a market cap of $65.66 billion, a P/E ratio of 16.73, a price-to-earnings-growth ratio of 2.43 and a beta of 0.91. Canadian National Railway has a 12-month low of $98.96 and a 12-month high of $134.02. The company has a quick ratio of 0.49, a current ratio of 0.64 and a debt-to-equity ratio of 0.96.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last posted its quarterly earnings results on Tuesday, October 22nd. The transportation company reported $1.72 earnings per share for the quarter, beating the consensus estimate of $1.70 by $0.02. Canadian National Railway had a return on equity of 23.62% and a net margin of 31.65%. The firm had revenue of $4.11 billion for the quarter, compared to analyst estimates of $4.08 billion. During the same period in the previous year, the firm earned $1.26 earnings per share. Canadian National Railway’s quarterly revenue was up 3.1% on a year-over-year basis. Equities analysts expect that Canadian National Railway will post 5.31 earnings per share for the current fiscal year.

Canadian National Railway Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 30th. Stockholders of record on Monday, December 9th were paid a $0.6108 dividend. The ex-dividend date was Monday, December 9th. This represents a $2.44 dividend on an annualized basis and a dividend yield of 2.34%. Canadian National Railway’s payout ratio is presently 38.14%.

Institutional Trading of Canadian National Railway

Several hedge funds have recently added to or reduced their stakes in CNI. Canandaigua National Trust Co of Florida lifted its holdings in shares of Canadian National Railway by 61.9% during the fourth quarter. Canandaigua National Trust Co of Florida now owns 3,570 shares of the transportation company’s stock worth $362,000 after buying an additional 1,365 shares during the last quarter. Principal Financial Group Inc. increased its position in Canadian National Railway by 29.6% during the third quarter. Principal Financial Group Inc. now owns 92,300 shares of the transportation company’s stock worth $10,820,000 after acquiring an additional 21,100 shares during the period. Synovus Financial Corp increased its position in Canadian National Railway by 82.3% during the third quarter. Synovus Financial Corp now owns 13,873 shares of the transportation company’s stock worth $1,625,000 after acquiring an additional 6,261 shares during the period. Wilmington Savings Fund Society FSB raised its stake in Canadian National Railway by 115.2% during the 3rd quarter. Wilmington Savings Fund Society FSB now owns 4,382 shares of the transportation company’s stock valued at $513,000 after purchasing an additional 2,346 shares during the last quarter. Finally, SkyView Investment Advisors LLC boosted its holdings in Canadian National Railway by 5.0% in the 3rd quarter. SkyView Investment Advisors LLC now owns 40,218 shares of the transportation company’s stock valued at $4,712,000 after purchasing an additional 1,903 shares during the period. 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.