Canadian National Railway (NYSE:CNI) PT Raised to $132.00 at Stifel Nicolaus

Canadian National Railway (NYSE:CNI) (TSE:CNR) had its target price boosted by Stifel Nicolaus from $130.00 to $132.00 in a report released on Wednesday, Benzinga reports. The firm currently has a “hold” rating on the transportation company’s stock. Stifel Nicolaus’ price objective indicates a potential upside of 15.50% from the stock’s previous close.

CNI has been the topic of several other research reports. Royal Bank of Canada raised shares of Canadian National Railway from a “sector perform” rating to an “outperform” rating in a research report on Thursday, October 10th. Evercore ISI lowered their price target on Canadian National Railway from $119.00 to $116.00 and set an “in-line” rating on the stock in a report on Wednesday. Barclays raised their price objective on shares of Canadian National Railway from $120.00 to $121.00 and gave the stock an “equal weight” rating in a research note on Wednesday, September 25th. National Bank Financial upgraded shares of Canadian National Railway from a “sector perform” rating to an “outperform” rating in a research note on Thursday, June 27th. Finally, Benchmark restated a “hold” rating on shares of Canadian National Railway in a research note on Wednesday, July 24th. One investment analyst has rated the stock with a sell rating, fifteen have assigned a hold rating, three have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $125.56.

Canadian National Railway Trading Up 1.8 %

CNI stock traded up $2.05 during mid-day trading on Wednesday, reaching $114.29. 1,103,478 shares of the stock traded hands, compared to its average volume of 1,103,547. The company has a current ratio of 0.63, a quick ratio of 0.48 and a debt-to-equity ratio of 0.93. Canadian National Railway has a 52-week low of $103.96 and a 52-week high of $134.02. The company has a market cap of $72.28 billion, a P/E ratio of 18.23, a P/E/G ratio of 2.53 and a beta of 0.88. The stock’s fifty day moving average is $116.00 and its 200-day moving average is $119.78.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last issued its quarterly earnings data on Tuesday, October 22nd. The transportation company reported $1.72 earnings per share for the quarter, beating the consensus estimate of $1.70 by $0.02. The firm had revenue of $4.11 billion for the quarter, compared to analyst estimates of $4.08 billion. Canadian National Railway had a net margin of 32.00% and a return on equity of 23.58%. The company’s revenue for the quarter was up 3.1% on a year-over-year basis. During the same quarter last year, the firm earned $1.26 earnings per share. As a group, sell-side analysts expect that Canadian National Railway will post 5.5 earnings per share for the current year.

Institutional Trading of Canadian National Railway

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in Canadian National Railway in the second quarter worth about $26,000. GAMMA Investing LLC grew its position in shares of Canadian National Railway by 766.7% in the 1st quarter. GAMMA Investing LLC now owns 234 shares of the transportation company’s stock valued at $31,000 after purchasing an additional 207 shares during the period. Addison Advisors LLC grew its position in shares of Canadian National Railway by 159.1% in the 2nd quarter. Addison Advisors LLC now owns 241 shares of the transportation company’s stock valued at $28,000 after purchasing an additional 148 shares during the period. ORG Partners LLC acquired a new position in shares of Canadian National Railway in the 2nd quarter valued at approximately $34,000. Finally, Daiwa Securities Group Inc. acquired a new position in shares of Canadian National Railway in the 1st quarter valued at approximately $64,000. 80.74% of the stock is currently owned by institutional investors and hedge funds.

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.