Susquehanna Forecasts Strong Price Appreciation for Canadian National Railway (NYSE:CNI) Stock

Canadian National Railway (NYSE:CNI - Free Report) TSE: CNR had its target price raised by Susquehanna from $120.00 to $122.00 in a research report released on Tuesday,Benzinga reports. They currently have a positive rating on the transportation company's stock.

A number of other analysts have also issued reports on CNI. Citigroup boosted their price target on shares of Canadian National Railway from $117.00 to $124.00 and gave the stock a "buy" rating in a research note on Monday, June 9th. Stifel Nicolaus cut their price target on shares of Canadian National Railway from $125.00 to $115.00 and set a "buy" rating on the stock in a research note on Monday, April 14th. Barclays cut their price target on shares of Canadian National Railway from $104.00 to $101.00 and set an "equal weight" rating on the stock in a research note on Friday, May 2nd. Stephens upped their target price on shares of Canadian National Railway from $105.00 to $109.00 and gave the stock an "equal weight" rating in a research note on Friday, May 2nd. Finally, Jefferies Financial Group cut their target price on shares of Canadian National Railway from $120.00 to $110.00 and set a "buy" rating on the stock in a research note on Wednesday, April 9th. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating, nine have given a buy rating and three have assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $120.52.

Canadian National Railway Trading Down 0.6%

CNI traded down $0.57 on Tuesday, hitting $101.55. The company had a trading volume of 1,359,471 shares, compared to its average volume of 1,323,293. The firm has a market cap of $63.76 billion, a P/E ratio of 19.80, a PEG ratio of 1.91 and a beta of 0.98. Canadian National Railway has a 1 year low of $91.65 and a 1 year high of $123.96. The company's fifty day moving average price is $102.64 and its 200 day moving average price is $101.52. The company has a current ratio of 0.62, a quick ratio of 0.43 and a debt-to-equity ratio of 0.88.

Canadian National Railway (NYSE:CNI - Get Free Report) TSE: CNR last issued its quarterly earnings results on Thursday, May 1st. The transportation company reported $1.29 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.26 by $0.03. The company had revenue of $3.06 billion for the quarter, compared to analyst estimates of $4.38 billion. Canadian National Railway had a net margin of 26.19% and a return on equity of 22.29%. The business's revenue for the quarter was up 3.6% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.72 earnings per share. As a group, equities 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 declared a dividend, which will be paid on Monday, June 30th. Shareholders of record on Tuesday, June 10th will be paid a $0.8875 dividend. This is a positive change from Canadian National Railway's previous dividend of $0.29. This represents a yield of 2.47%. The ex-dividend date of this dividend is Monday, June 9th. Canadian National Railway's dividend payout ratio is currently 50.49%.

Hedge Funds Weigh In On Canadian National Railway

Hedge funds have recently added to or reduced their stakes in the stock. Quintet Private Bank Europe S.A. purchased a new position in Canadian National Railway in the fourth quarter valued at approximately $25,000. Lee Danner & Bass Inc. acquired a new stake in shares of Canadian National Railway in the fourth quarter valued at approximately $30,000. Addison Advisors LLC boosted its holdings in shares of Canadian National Railway by 80.2% in 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 during the period. Dagco Inc. acquired a new stake in shares of Canadian National Railway in the first quarter valued at approximately $32,000. Finally, Bruce G. Allen Investments LLC boosted its holdings in shares of Canadian National Railway by 44.2% in the first quarter. Bruce G. Allen Investments LLC now owns 346 shares of the transportation company's stock valued at $34,000 after acquiring an additional 106 shares during the period. 80.74% of the stock is currently owned by hedge funds and other 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.