Canadian National Railway (NYSE:CNI) PT Raised to $134.00 at Stifel Nicolaus

Canadian National Railway (NYSE:CNI - Free Report) TSE: CNR had its price target increased by Stifel Nicolaus from $121.00 to $134.00 in a research report released on Friday, Benzinga reports. They currently have a hold rating on the transportation company's stock.

A number of other equities analysts also recently issued reports on the company. Bank of America raised Canadian National Railway from a neutral rating to a buy rating and upped their price target for the stock from $140.00 to $145.00 in a research report on Wednesday. Wells Fargo & Company upped their price target on Canadian National Railway from $110.00 to $125.00 and gave the stock an equal weight rating in a research report on Wednesday, January 24th. TD Securities downgraded Canadian National Railway from a buy rating to a hold rating in a research report on Monday, January 8th. Barclays upped their price target on Canadian National Railway from $127.00 to $130.00 and gave the stock an equal weight rating in a research report on Thursday, April 4th. Finally, Susquehanna Bancshares upped their price target on Canadian National Railway from $115.00 to $143.00 and gave the stock a neutral rating in a research report on Monday, January 8th. Eighteen investment analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. According to data from MarketBeat, Canadian National Railway currently has a consensus rating of Hold and an average target price of $147.52.

Canadian National Railway Stock Down 0.7 %

NYSE:CNI traded down $0.96 during trading hours on Friday, reaching $128.47. The company's stock had a trading volume of 767,929 shares, compared to its average volume of 1,000,789. The company has a market capitalization of $82.26 billion, a P/E ratio of 20.26, a price-to-earnings-growth ratio of 2.34 and a beta of 0.88. Canadian National Railway has a 12 month low of $103.96 and a 12 month high of $134.02. The company has a debt-to-equity ratio of 0.80, a quick ratio of 0.47 and a current ratio of 0.61. The stock has a 50 day moving average price of $129.76 and a two-hundred day moving average price of $121.01.

Canadian National Railway (NYSE:CNI - Get Free Report) TSE: CNR last issued its quarterly earnings data on Tuesday, January 23rd. The transportation company reported $1.48 EPS for the quarter, topping analysts' consensus estimates of $1.46 by $0.02. The company had revenue of $3.28 billion during the quarter, compared to the consensus estimate of $3.25 billion. Canadian National Railway had a net margin of 33.38% and a return on equity of 23.56%. Equities analysts predict that Canadian National Railway will post 5.96 EPS for the current fiscal year.

Canadian National Railway Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Thursday, March 7th were issued a $0.638 dividend. This represents a $2.55 annualized dividend and a yield of 1.99%. This is a positive change from Canadian National Railway's previous quarterly dividend of $0.58. The ex-dividend date was Wednesday, March 6th. Canadian National Railway's dividend payout ratio is presently 39.59%.

Institutional Investors Weigh In On Canadian National Railway

Hedge funds have recently added to or reduced their stakes in the business. Vanguard Group Inc. boosted its stake in shares of Canadian National Railway by 1.8% during the 4th quarter. Vanguard Group Inc. now owns 22,395,401 shares of the transportation company's stock worth $2,813,534,000 after acquiring an additional 387,975 shares in the last quarter. Wellington Management Group LLP boosted its stake in shares of Canadian National Railway by 9.6% during the 4th quarter. Wellington Management Group LLP now owns 21,868,740 shares of the transportation company's stock worth $2,761,473,000 after acquiring an additional 1,907,938 shares in the last quarter. FIL Ltd boosted its stake in shares of Canadian National Railway by 7.2% during the 4th quarter. FIL Ltd now owns 19,189,809 shares of the transportation company's stock worth $2,412,032,000 after acquiring an additional 1,280,726 shares in the last quarter. Caisse DE Depot ET Placement DU Quebec boosted its stake in shares of Canadian National Railway by 5.0% during the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 13,067,300 shares of the transportation company's stock worth $1,421,649,000 after acquiring an additional 625,500 shares in the last quarter. Finally, TD Asset Management Inc boosted its stake in shares of Canadian National Railway by 2.8% during the 4th quarter. TD Asset Management Inc now owns 11,651,919 shares of the transportation company's stock worth $1,471,733,000 after acquiring an additional 314,600 shares in the last quarter. 80.74% of the stock is owned by hedge funds and other institutional investors.

Canadian National Railway Company Profile

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.