Canadian National Railway (NYSE:CNI) Given New $163.00 Price Target at Royal Bank of Canada

Canadian National Railway (NYSE:CNI) (TSE:CNR) had its target price reduced by equities research analysts at Royal Bank of Canada from $165.00 to $163.00 in a research note issued on Friday,Benzinga reports. The brokerage currently has an “outperform” rating on the transportation company’s stock. Royal Bank of Canada’s price objective indicates a potential upside of 60.73% from the company’s current price.

A number of other equities analysts have also commented on the stock. Evercore ISI decreased their price target on shares of Canadian National Railway from $119.00 to $114.00 and set an “outperform” rating on the stock in a report on Friday. Wells Fargo & Company dropped their price target on Canadian National Railway from $125.00 to $123.00 and set an “overweight” rating for the company in a research note on Monday, January 13th. Stephens increased their price objective on Canadian National Railway from $105.00 to $109.00 and gave the company an “equal weight” rating in a research report on Friday. JPMorgan Chase & Co. upgraded Canadian National Railway from a “neutral” rating to an “overweight” rating in a research report on Tuesday, January 7th. Finally, TD Securities upgraded shares of Canadian National Railway from a “hold” rating to a “strong-buy” rating in a research report on Monday, January 13th. Two research analysts have rated the stock with a sell rating, eight have given a hold rating, eight have assigned a buy rating and three have issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $118.69.

Canadian National Railway Stock Performance

Canadian National Railway stock opened at $101.41 on Friday. The firm’s 50 day simple moving average is $98.04 and its 200 day simple moving average is $103.11. The company has a current ratio of 0.66, a quick ratio of 0.48 and a debt-to-equity ratio of 0.94. Canadian National Railway has a 1-year low of $91.65 and a 1-year high of $129.18. The firm has a market capitalization of $63.74 billion, a PE ratio of 19.81, a price-to-earnings-growth ratio of 1.95 and a beta of 0.93.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last issued its quarterly earnings data 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 the consensus estimate of $4.38 billion. Canadian National Railway had a return on equity of 22.48% and a net margin of 26.09%. The firm’s revenue was up 3.6% compared to the same quarter last year. During the same quarter last year, the business posted $1.72 earnings per share. As a group, analysts expect that Canadian National Railway will post 5.52 earnings per share for the current fiscal year.

Institutional Trading of Canadian National Railway

Institutional investors and hedge funds have recently bought and sold shares of the stock. Quintet Private Bank Europe S.A. bought a new position in shares of Canadian National Railway in the 4th quarter worth approximately $25,000. Arlington Trust Co LLC purchased a new stake in Canadian National Railway in the fourth quarter worth $30,000. Lee Danner & Bass Inc. bought a new position in Canadian National Railway in the fourth quarter worth $30,000. Addison Advisors LLC lifted its position in Canadian National Railway by 80.2% during the fourth quarter. Addison Advisors LLC now owns 319 shares of the transportation company’s stock valued at $32,000 after buying an additional 142 shares during the period. Finally, Thurston Springer Miller Herd & Titak Inc. boosted its holdings in shares of Canadian National Railway by 48.2% during the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 332 shares of the transportation company’s stock valued at $34,000 after buying an additional 108 shares in the last quarter. 80.74% of the stock is currently 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.