Canadian National Railway (NYSE:CNI) PT Raised to $121.00

Canadian National Railway (NYSE:CNI) (TSE:CNR) had its target price lifted by equities research analysts at Barclays from $120.00 to $121.00 in a note issued to investors on Wednesday, Benzinga reports. The brokerage currently has an “equal weight” rating on the transportation company’s stock. Barclays‘s target price suggests a potential upside of 3.61% from the company’s previous close.

Several other research firms have also issued reports on CNI. Bank of America reduced their price target on Canadian National Railway from $132.00 to $129.00 and set a “buy” rating on the stock in a research report on Wednesday, September 11th. Susquehanna dropped their price objective on Canadian National Railway from $135.00 to $130.00 and set a “neutral” rating on the stock in a research note on Wednesday, July 24th. Scotiabank raised Canadian National Railway from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, July 10th. Sanford C. Bernstein downgraded Canadian National Railway from an “outperform” rating to a “market perform” rating and dropped their price objective for the stock from $146.25 to $130.67 in a research note on Monday, July 8th. Finally, Stifel Nicolaus dropped their price target on Canadian National Railway from $137.00 to $133.00 and set a “hold” rating on the stock in a research note on Wednesday, July 24th. Sixteen research analysts have rated the stock with a hold rating, two have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, Canadian National Railway currently has an average rating of “Hold” and a consensus target price of $135.24.

Canadian National Railway Stock Up 0.9 %

NYSE CNI opened at $116.78 on Wednesday. The firm has a market cap of $73.54 billion, a PE ratio of 18.63, a price-to-earnings-growth ratio of 2.50 and a beta of 0.88. Canadian National Railway has a one year low of $103.96 and a one year high of $134.02. The stock’s 50 day simple moving average is $115.88 and its 200 day simple moving average is $121.92. The company has a debt-to-equity ratio of 0.93, a current ratio of 0.63 and a quick ratio of 0.48.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last announced its quarterly earnings data on Tuesday, July 23rd. The transportation company reported $1.84 EPS for the quarter, missing analysts’ consensus estimates of $1.93 by ($0.09). The firm had revenue of $4.33 billion during the quarter, compared to the consensus estimate of $4.40 billion. Canadian National Railway had a net margin of 32.00% and a return on equity of 23.58%. The firm’s quarterly revenue was up 6.7% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.31 earnings per share. As a group, sell-side analysts forecast that Canadian National Railway will post 5.58 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the business. Capital International Investors raised its holdings in shares of Canadian National Railway by 63.2% in the fourth quarter. Capital International Investors now owns 7,623,561 shares of the transportation company’s stock valued at $957,845,000 after purchasing an additional 2,951,506 shares during the last quarter. Canada Pension Plan Investment Board increased its holdings in Canadian National Railway by 92.4% during the first quarter. Canada Pension Plan Investment Board now owns 4,505,860 shares of the transportation company’s stock worth $593,911,000 after buying an additional 2,163,820 shares during the last quarter. Wellington Management Group LLP increased its stake in shares of Canadian National Railway by 9.6% in the fourth quarter. Wellington Management Group LLP now owns 21,868,740 shares of the transportation company’s stock worth $2,761,473,000 after purchasing an additional 1,907,938 shares in the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp increased its stake in shares of Canadian National Railway by 4,614.6% in the second quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 1,336,027 shares of the transportation company’s stock worth $157,896,000 after purchasing an additional 1,307,689 shares in the last quarter. Finally, FIL Ltd increased its stake in shares of Canadian National Railway by 7.2% in the fourth quarter. FIL Ltd now owns 19,189,809 shares of the transportation company’s stock worth $2,412,032,000 after purchasing an additional 1,280,726 shares in the last quarter. 80.74% of the stock is owned by 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.