Canadian National Railway (NYSE:CNI – Get Free Report) (TSE:CNR) had its price target increased by stock analysts at Susquehanna from $130.00 to $140.00 in a report released on Tuesday, Benzinga reports. The firm currently has a “neutral” rating on the transportation company’s stock. Susquehanna‘s target price would suggest a potential upside of 10.42% from the stock’s previous close.
A number of other brokerages have also recently commented on CNI. Citizens Jmp initiated coverage on Canadian National Railway in a research report on Wednesday, July 15th. They set a “market perform” rating for the company. Citigroup increased their price objective on Canadian National Railway from $143.00 to $145.00 and gave the company a “buy” rating in a report on Monday. Benchmark restated a “hold” rating on shares of Canadian National Railway in a research note on Monday, July 27th. Barclays raised their price objective on Canadian National Railway from $130.00 to $132.00 and gave the stock an “equal weight” rating in a research note on Monday. Finally, Wells Fargo & Company lifted their target price on Canadian National Railway from $135.00 to $145.00 and gave the stock an “overweight” rating in a report on Monday, July 27th. Nine equities research analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $138.76.
Get Our Latest Stock Report on CNI
Canadian National Railway Stock Up 2.5%
Canadian National Railway stock opened at $126.79 on Tuesday. The company has a debt-to-equity ratio of 0.99, a current ratio of 0.87 and a quick ratio of 0.61. The stock has a market capitalization of $76.40 billion, a price-to-earnings ratio of 22.09, a PEG ratio of 2.23 and a beta of 0.96. The business has a fifty day moving average price of $121.63 and a 200-day moving average price of $115.49. Canadian National Railway has a 1-year low of $90.74 and a 1-year high of $131.55.
Canadian National Railway (NYSE:CNI – Get Free Report) (TSE:CNR) last announced its quarterly earnings data on Friday, October 30th. The transportation company reported $1.54 earnings per share for the quarter, beating analysts’ consensus estimates of $1.49 by $0.05. Canadian National Railway had a net margin of 26.92% and a return on equity of 22.22%. The firm had revenue of $3.35 billion for the quarter, compared to analyst estimates of $3.27 billion. During the same period in the previous year, the company earned $1.83 earnings per share. The business’s quarterly revenue was down 99.9% compared to the same quarter last year. Equities research analysts forecast that Canadian National Railway will post 5.80 EPS for the current fiscal year.
Institutional Investors Weigh In On Canadian National Railway
Several hedge funds have recently added to or reduced their stakes in CNI. Pin Oak Investment Advisors Inc. acquired a new stake in Canadian National Railway during the 2nd quarter worth about $27,000. Financial Network Wealth Advisors LLC raised its stake in shares of Canadian National Railway by 103.4% during the 3rd quarter. Financial Network Wealth Advisors LLC now owns 238 shares of the transportation company’s stock valued at $28,000 after buying an additional 121 shares during the last quarter. Root Financial Partners LLC acquired a new position in shares of Canadian National Railway in the 3rd quarter valued at about $30,000. Balance Wealth Partners LLC acquired a new position in shares of Canadian National Railway in the 3rd quarter valued at about $40,000. Finally, Cassaday & Co Wealth Management LLC acquired a new position in shares of Canadian National Railway in the 1st quarter valued at about $46,000. 80.74% of the stock is owned by hedge funds and other institutional investors.
Canadian National Railway Company Profile
Canadian National Railway Company (NYSE: CNI) is a transportation and logistics company that operates a major freight railway network across Canada and the United States. The company provides rail, intermodal and related transportation services for shippers, connecting production and consumption centers with ports and distribution hubs.
CN transports a broad range of commodities and manufactured goods, including petroleum and chemicals, grain and fertilizers, forest products, metals and minerals, coal, automotive products and consumer goods.
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