Susquehanna Boosts Canadian National Railway (NYSE:CNI) Price Target to $122.00

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

Several other equities analysts have also recently commented on CNI. Citigroup boosted their target price on Canadian National Railway from $117.00 to $124.00 and gave the stock a "buy" rating in a research report on Monday, June 9th. Stifel Nicolaus cut their price objective on Canadian National Railway from $125.00 to $115.00 and set a "buy" rating for the company in a report on Monday, April 14th. Barclays lowered their target price 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. Jefferies Financial Group dropped their target price on shares of Canadian National Railway from $120.00 to $110.00 and set a "buy" rating for the company in a research report on Wednesday, April 9th. Finally, Royal Bank Of Canada reissued an "outperform" rating and issued a $163.00 price target on shares of Canadian National Railway in a report on Thursday, June 5th. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating, nine have issued a buy rating and three have given a strong buy rating to the company. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $120.52.

Canadian National Railway Price Performance

CNI stock traded down $0.54 during mid-day trading on Tuesday, reaching $103.35. 2,398,086 shares of the company traded hands, compared to its average volume of 1,332,037. The company has a fifty day moving average price of $102.74 and a 200-day moving average price of $101.50. The company has a debt-to-equity ratio of 0.88, a current ratio of 0.62 and a quick ratio of 0.43. Canadian National Railway has a 52-week low of $91.65 and a 52-week high of $123.96. The company has a market capitalization of $64.89 billion, a P/E ratio of 20.15, a P/E/G ratio of 1.89 and a beta of 0.98.

Canadian National Railway (NYSE:CNI - Get Free Report) TSE: CNR last posted its earnings results on Thursday, May 1st. The transportation company reported $1.29 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.26 by $0.03. Canadian National Railway had a net margin of 26.19% and a return on equity of 22.29%. The business had revenue of $3.06 billion for the quarter, compared to analysts' expectations of $4.38 billion. During the same period in the prior year, the company posted $1.72 EPS. The business's revenue for the quarter was up 3.6% compared to the same quarter last year. As a group, analysts anticipate 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 boost from Canadian National Railway's previous dividend of $0.29. This represents a yield of 2.47%. The ex-dividend date is Monday, June 9th. Canadian National Railway's payout ratio is 50.49%.

Institutional Trading of Canadian National Railway

A number of institutional investors have recently made changes to their positions in the stock. Royal Bank of Canada increased its holdings in Canadian National Railway by 7.5% during the 4th quarter. Royal Bank of Canada now owns 27,757,038 shares of the transportation company's stock valued at $2,817,616,000 after purchasing an additional 1,934,622 shares during the period. Vanguard Group Inc. raised its stake in Canadian National Railway by 0.8% in the first quarter. Vanguard Group Inc. now owns 23,165,939 shares of the transportation company's stock worth $2,254,370,000 after buying an additional 179,261 shares in the last quarter. Capital International Investors lifted its holdings in Canadian National Railway by 12.8% in the fourth quarter. Capital International Investors now owns 11,822,063 shares of the transportation company's stock worth $1,199,680,000 after buying an additional 1,341,133 shares during the period. TD Asset Management Inc boosted its position in Canadian National Railway by 0.3% during the 1st quarter. TD Asset Management Inc now owns 11,798,566 shares of the transportation company's stock valued at $1,148,008,000 after acquiring an additional 30,066 shares in the last quarter. Finally, TD Asset Management Inc. grew its holdings in shares of Canadian National Railway by 2.7% during the 4th quarter. TD Asset Management Inc. now owns 11,768,500 shares of the transportation company's stock worth $1,194,443,000 after acquiring an additional 309,210 shares during the period. 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.