CIBC Boosts Canadian National Railway (NYSE:CNI) Price Target to C$169.00

Canadian National Railway (NYSE:CNIGet Rating) (TSE:CNR) had its target price hoisted by CIBC from C$165.00 to C$169.00 in a research note published on Thursday morning, The Fly reports.

CNI has been the subject of several other reports. JPMorgan Chase & Co. reduced their target price on shares of Canadian National Railway from C$171.00 to C$159.00 in a report on Friday, April 8th. Vertical Research downgraded Canadian National Railway from a buy rating to a hold rating and set a $129.00 target price for the company. in a research report on Thursday, December 16th. Deutsche Bank Aktiengesellschaft lifted their target price on Canadian National Railway from $137.00 to $142.00 and gave the company a buy rating in a research note on Thursday, January 27th. National Bank Financial lowered their price target on Canadian National Railway from C$172.00 to C$168.00 in a report on Friday, April 8th. Finally, Scotiabank boosted their price target on Canadian National Railway from C$170.00 to C$174.00 in a report on Wednesday, April 6th. Seventeen investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of Hold and a consensus price target of $147.86.

CNI opened at $127.19 on Thursday. The firm has a 50-day moving average price of $126.96 and a 200-day moving average price of $125.94. The company has a quick ratio of 0.91, a current ratio of 1.10 and a debt-to-equity ratio of 0.53. Canadian National Railway has a twelve month low of $100.66 and a twelve month high of $137.19. The company has a market capitalization of $88.36 billion, a price-to-earnings ratio of 23.17, a PEG ratio of 2.08 and a beta of 0.81.

Canadian National Railway (NYSE:CNIGet Rating) (TSE:CNR) last announced its quarterly earnings data on Tuesday, January 25th. The transportation company reported $1.36 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.21 by $0.15. The firm had revenue of $3.75 billion during the quarter, compared to analyst estimates of $3.66 billion. Canadian National Railway had a net margin of 33.77% and a return on equity of 19.91%. The business’s quarterly revenue was up 2.7% on a year-over-year basis. During the same period in the previous year, the business posted $1.10 EPS. On average, sell-side analysts expect that Canadian National Railway will post 5.57 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 31st. Investors of record on Thursday, March 10th were issued a dividend of $0.579 per share. This is an increase from Canadian National Railway’s previous quarterly dividend of $0.50. The ex-dividend date of this dividend was Wednesday, March 9th. This represents a $2.32 annualized dividend and a dividend yield of 1.82%. Canadian National Railway’s dividend payout ratio (DPR) is 41.71%.

Institutional investors have recently modified their holdings of the stock. Boston Private Wealth LLC raised its position in Canadian National Railway by 19.4% during the third quarter. Boston Private Wealth LLC now owns 10,177 shares of the transportation company’s stock valued at $1,177,000 after purchasing an additional 1,657 shares in the last quarter. First Republic Investment Management Inc. raised its stake in Canadian National Railway by 4.0% during the 3rd quarter. First Republic Investment Management Inc. now owns 187,791 shares of the transportation company’s stock valued at $21,718,000 after buying an additional 7,241 shares during the last quarter. Deutsche Bank AG increased its stake in shares of Canadian National Railway by 42.4% in the 3rd quarter. Deutsche Bank AG now owns 5,203,566 shares of the transportation company’s stock worth $601,791,000 after purchasing an additional 1,548,506 shares in the last quarter. W.G. Shaheen & Associates DBA Whitney & Co boosted its holdings in Canadian National Railway by 3.0% in the 3rd quarter. W.G. Shaheen & Associates DBA Whitney & Co now owns 39,138 shares of the transportation company’s stock worth $4,526,000 after buying an additional 1,132 shares during the period. Finally, Howland Capital Management LLC bought a new position in shares of Canadian National Railway in the 4th quarter valued at about $209,000. 69.36% of the stock is owned by institutional investors and hedge funds.

About Canadian National Railway (Get Rating)

Canadian National Railway Company, together with its subsidiaries, engages in the rail and related transportation business. The company's portfolio of goods includes petroleum and chemicals, grain and fertilizers, coal, metals and minerals, forest products, intermodal, and automotive products serving exporters, importers, retailers, farmers, and manufacturers.

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