Canadian National Railway (NYSE:CNI) Price Target Raised to C$185.00 at Canadian Imperial Bank of Commerce

Canadian National Railway (NYSE:CNIGet Free Report) (TSE:CNR) had its price target raised by research analysts at Canadian Imperial Bank of Commerce from C$182.00 to C$185.00 in a report released on Thursday,Benzinga reports. The firm currently has an “outperformer” rating on the transportation company’s stock.

A number of other research analysts also recently issued reports on the stock. Citigroup upped their target price on shares of Canadian National Railway from $123.00 to $124.00 and gave the company a “buy” rating in a research report on Thursday, April 30th. Weiss Ratings upgraded shares of Canadian National Railway from a “hold (c)” rating to a “hold (c+)” rating in a report on Tuesday. Barclays raised their price objective on shares of Canadian National Railway from $98.00 to $99.00 and gave the company an “equal weight” rating in a research note on Thursday, April 30th. Evercore upgraded shares of Canadian National Railway from an “in-line” rating to an “outperform” rating and set a $124.00 target price for the company in a research report on Thursday. Finally, Royal Bank Of Canada increased their price target on Canadian National Railway from $160.00 to $178.00 and gave the company an “outperform” rating in a research note on Thursday, April 30th. Ten analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the stock. According to data from MarketBeat, Canadian National Railway has an average rating of “Moderate Buy” and an average price target of $125.21.

Check Out Our Latest Research Report on CNI

Canadian National Railway Price Performance

Shares of Canadian National Railway stock traded up $4.36 during midday trading on Thursday, reaching $120.27. The company had a trading volume of 938,296 shares, compared to its average volume of 1,611,939. The company has a current ratio of 0.67, a quick ratio of 0.49 and a debt-to-equity ratio of 0.95. The stock has a fifty day simple moving average of $114.57 and a 200 day simple moving average of $106.74. Canadian National Railway has a 1-year low of $90.74 and a 1-year high of $122.48. The company has a market capitalization of $72.97 billion, a price-to-earnings ratio of 21.87, a price-to-earnings-growth ratio of 2.20 and a beta of 0.96.

Canadian National Railway (NYSE:CNIGet Free Report) (TSE:CNR) last announced its quarterly earnings data on Wednesday, April 29th. The transportation company reported $1.31 EPS for the quarter, meeting analysts’ consensus estimates of $1.31. The firm had revenue of $3.15 billion for the quarter, compared to analyst estimates of $3.15 billion. Canadian National Railway had a return on equity of 21.90% and a net margin of 27.22%.The business’s quarterly revenue was down .5% compared to the same quarter last year. During the same period last year, the company earned $1.85 EPS. As a group, equities research analysts forecast that Canadian National Railway will post 5.76 earnings per share for the current year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. High Point Wealth Management LLC acquired a new stake in shares of Canadian National Railway during the fourth quarter worth about $27,000. MidFirst Bank acquired a new position in shares of Canadian National Railway in the 4th quarter valued at approximately $31,000. Curio Wealth LLC bought a new stake in Canadian National Railway during the 4th quarter worth approximately $31,000. Caitong International Asset Management Co. Ltd increased its stake in Canadian National Railway by 378.4% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 354 shares of the transportation company’s stock worth $35,000 after purchasing an additional 280 shares in the last quarter. Finally, MBM Wealth Consultants LLC acquired a new stake in Canadian National Railway during the 1st quarter worth approximately $37,000. 80.74% of the stock is currently owned by institutional investors.

Canadian National Railway Company Profile

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Canadian National Railway Company (NYSE: CNI) is a Class I freight railway that operates an integrated rail network across Canada and the United States. Headquartered in Montreal, Quebec, CN provides long-haul freight transportation and related logistics services that connect major ports, industrial centers and inland markets throughout North America. Its transcontinental system enables cross-border movement of goods and supports supply chains that span coast-to-coast in Canada and into the central and eastern United States.

CN’s core business is the railborne transportation of a broad mix of commodities, including intermodal container traffic, forest and paper products, grain and other agricultural products, metallurgical and industrial products, petroleum and chemical products, coal and automotive shipments.

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Analyst Recommendations for Canadian National Railway (NYSE:CNI)

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