Canadian National Railway (NYSE:CNI – Get Free Report) (TSE:CNR) had its price target upped by investment analysts at Barclays from $109.00 to $130.00 in a research note issued on Monday,Benzinga reports. The firm currently has an “equal weight” rating on the transportation company’s stock. Barclays‘s price objective would suggest a potential upside of 0.36% from the stock’s current price.
Other research analysts have also issued research reports about the stock. Wells Fargo & Company lifted their price objective on shares of Canadian National Railway from $110.00 to $135.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 8th. Royal Bank Of Canada upped their price objective on shares of Canadian National Railway from $160.00 to $178.00 and gave the company an “outperform” rating in a research report on Thursday, April 30th. Weiss Ratings downgraded Canadian National Railway from a “hold (c+)” rating to a “hold (c)” rating in a research note on Thursday, July 9th. Stephens raised Canadian National Railway to a “hold” rating in a research note on Wednesday, July 8th. Finally, Evercore upgraded Canadian National Railway from an “in-line” rating to an “outperform” rating and set a $124.00 price target for the company in a report on Thursday, June 25th. Eight equities research analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $134.03.
Get Our Latest Stock Report on Canadian National Railway
Canadian National Railway Stock Performance
Canadian National Railway (NYSE:CNI – Get Free Report) (TSE:CNR) last announced its quarterly earnings data on Friday, July 24th. The transportation company reported $1.50 earnings per share for the quarter, topping the consensus estimate of $1.39 by $0.11. Canadian National Railway had a return on equity of 22.33% and a net margin of 26.92%.The firm had revenue of $3.35 billion during the quarter, compared to analysts’ expectations of $3.26 billion. During the same period in the previous year, the business posted $1.87 EPS. The company’s quarterly revenue was up 11.3% compared to the same quarter last year. Sell-side analysts predict that Canadian National Railway will post 5.67 earnings per share for the current fiscal year.
Institutional Investors Weigh In On Canadian National Railway
Hedge funds and other institutional investors have recently made changes to their positions in the stock. AQR Capital Management LLC acquired a new position in Canadian National Railway in the 1st quarter worth $311,000. Focus Partners Wealth increased its holdings in Canadian National Railway by 11.1% during the 1st quarter. Focus Partners Wealth now owns 11,514 shares of the transportation company’s stock worth $1,122,000 after purchasing an additional 1,146 shares in the last quarter. Schnieders Capital Management LLC. acquired a new stake in shares of Canadian National Railway in the 2nd quarter valued at about $202,000. EverSource Wealth Advisors LLC raised its stake in shares of Canadian National Railway by 52.1% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,118 shares of the transportation company’s stock valued at $116,000 after purchasing an additional 383 shares during the period. Finally, Baird Financial Group Inc. lifted its holdings in shares of Canadian National Railway by 2.9% in the second quarter. Baird Financial Group Inc. now owns 17,094 shares of the transportation company’s stock valued at $1,778,000 after purchasing an additional 474 shares in the last quarter. 80.74% of the stock is currently owned by institutional investors and hedge funds.
About Canadian National Railway
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.
Recommended Stories
- Five stocks we like better than Canadian National Railway
- These 3 AI Winners Don’t Sell the Tech—They Use It
- RTX and Lockheed Earnings: Can Strong Guidance Reset the Defense Trade?
- These 4 Earnings Reports Expose the Market’s Growing Economic Divide
- Broadcom May Be the Biggest Winner From Alphabet’s Earnings
Receive News & Ratings for Canadian National Railway Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Canadian National Railway and related companies with MarketBeat.com's FREE daily email newsletter.
