Susquehanna Forecasts Strong Price Appreciation for Canadian National Railway (NYSE:CNI) Stock

Canadian National Railway (NYSE:CNI) (TSE:CNR) had its price target increased by equities research analysts at Susquehanna from $115.00 to $116.00 in a research note issued to investors on Monday,Benzinga reports. The brokerage currently has a “positive” rating on the transportation company’s stock. Susquehanna’s price target points to a potential upside of 20.86% from the stock’s previous close.

Several other analysts also recently commented on the stock. Wells Fargo & Company decreased their price objective on shares of Canadian National Railway from $117.00 to $110.00 and set an “overweight” rating on the stock in a research report on Monday, October 6th. Bank of America decreased their target price on Canadian National Railway from $106.00 to $102.00 and set a “neutral” rating on the stock in a research note on Monday, September 29th. Barclays dropped their price target on Canadian National Railway from $99.00 to $97.00 and set an “equal weight” rating for the company in a research note on Thursday, October 2nd. Zacks Research downgraded shares of Canadian National Railway from a “hold” rating to a “strong sell” rating in a report on Thursday, October 23rd. Finally, Evercore ISI lowered shares of Canadian National Railway from an “outperform” rating to an “in-line” rating and set a $105.00 target price for the company. in a research report on Wednesday, July 23rd. One analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, eight have given a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $114.00.

Canadian National Railway Trading Up 2.9%

Canadian National Railway stock opened at $95.98 on Monday. Canadian National Railway has a 52-week low of $91.07 and a 52-week high of $114.13. The company has a market cap of $59.38 billion, a P/E ratio of 18.46, a P/E/G ratio of 2.13 and a beta of 0.96. The company has a quick ratio of 0.58, a current ratio of 0.82 and a debt-to-equity ratio of 0.90. The business has a 50-day simple moving average of $95.02 and a two-hundred day simple moving average of $98.72.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last posted its quarterly earnings data on Friday, October 31st. The transportation company reported $1.33 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.28 by $0.05. Canadian National Railway had a net margin of 26.63% and a return on equity of 21.71%. The company had revenue of $2.99 billion for the quarter, compared to the consensus estimate of $4.15 billion. During the same quarter last year, the firm posted $1.72 earnings per share. The firm’s revenue was up 1.3% compared to the same quarter last year. Analysts predict that Canadian National Railway will post 5.52 EPS for the current year.

Institutional Investors Weigh In On Canadian National Railway

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Founders Capital Management LLC purchased a new stake in shares of Canadian National Railway in the 2nd quarter worth approximately $3,335,000. Goldman Sachs Group Inc. raised its stake in Canadian National Railway by 39.6% in the first quarter. Goldman Sachs Group Inc. now owns 2,664,618 shares of the transportation company’s stock worth $259,694,000 after buying an additional 755,518 shares in the last quarter. TD Asset Management Inc lifted its holdings in Canadian National Railway by 2.3% during the second quarter. TD Asset Management Inc now owns 12,072,540 shares of the transportation company’s stock worth $1,255,385,000 after buying an additional 273,974 shares during the period. GAMMA Investing LLC lifted its holdings in Canadian National Railway by 31.3% during the first quarter. GAMMA Investing LLC now owns 718 shares of the transportation company’s stock worth $70,000 after buying an additional 171 shares during the period. Finally, Cardinal Capital Management Inc. boosted its position in Canadian National Railway by 3.1% during the 2nd quarter. Cardinal Capital Management Inc. now owns 731,350 shares of the transportation company’s stock valued at $76,178,000 after acquiring an additional 22,035 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.