Canadian National Railway (NYSE:CNI) Price Target Raised to $121.00

Canadian National Railway (NYSE:CNI) (TSE:CNR) had its price objective upped by stock analysts at Barclays from $120.00 to $121.00 in a research note issued to investors on Wednesday, Benzinga reports. The brokerage currently has an “equal weight” rating on the transportation company’s stock. Barclays‘s price target points to a potential upside of 3.61% from the stock’s previous close.

A number of other analysts have also recently commented on CNI. Stifel Nicolaus dropped their target price on shares of Canadian National Railway from $137.00 to $133.00 and set a “hold” rating on the stock in a report on Wednesday, July 24th. Bank of America dropped their price target on shares of Canadian National Railway from $132.00 to $129.00 and set a “buy” rating on the stock in a research note on Wednesday, September 11th. Stephens dropped their price target on shares of Canadian National Railway from $127.00 to $122.00 and set an “equal weight” rating on the stock in a research note on Wednesday, July 24th. Benchmark restated a “hold” rating on shares of Canadian National Railway in a research note on Wednesday, July 24th. Finally, Wells Fargo & Company dropped their price target on shares of Canadian National Railway from $130.00 to $125.00 and set an “equal weight” rating on the stock in a report on Wednesday, July 24th. Sixteen research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, Canadian National Railway presently has a consensus rating of “Hold” and an average price target of $135.24.

Canadian National Railway Stock Up 0.9 %

Shares of Canadian National Railway stock opened at $116.78 on Wednesday. The company has a current ratio of 0.63, a quick ratio of 0.48 and a debt-to-equity ratio of 0.93. The company’s fifty day simple moving average is $115.88 and its two-hundred day simple moving average is $121.92. The company has a market cap of $73.54 billion, a P/E ratio of 18.63, a PEG ratio of 2.50 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.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last issued its quarterly earnings data on Tuesday, July 23rd. The transportation company reported $1.84 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.93 by ($0.09). Canadian National Railway had a net margin of 32.00% and a return on equity of 23.58%. The company had revenue of $4.33 billion for the quarter, compared to analysts’ expectations of $4.40 billion. During the same period in the previous year, the firm posted $1.31 earnings per share. The firm’s revenue for the quarter was up 6.7% compared to the same quarter last year. Research analysts anticipate that Canadian National Railway will post 5.58 EPS for the current year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. Thurston Springer Miller Herd & Titak Inc. purchased a new position in Canadian National Railway during the second quarter worth $26,000. GAMMA Investing LLC boosted its stake in shares of Canadian National Railway by 766.7% during the first quarter. GAMMA Investing LLC now owns 234 shares of the transportation company’s stock valued at $31,000 after purchasing an additional 207 shares during the period. Addison Advisors LLC boosted its stake in shares of Canadian National Railway by 159.1% during the second quarter. Addison Advisors LLC now owns 241 shares of the transportation company’s stock valued at $28,000 after purchasing an additional 148 shares during the period. ORG Partners LLC bought a new stake in shares of Canadian National Railway in the second quarter valued at about $34,000. Finally, Daiwa Securities Group Inc. purchased a new stake in Canadian National Railway in the first quarter worth about $64,000. 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.