Canadian National Railway (NYSE:CNI) Stock Price Expected to Rise, Stifel Nicolaus Analyst Says

Canadian National Railway (NYSE:CNI) (TSE:CNR) had its price objective boosted by equities researchers at Stifel Nicolaus from $120.00 to $125.00 in a report released on Friday,Benzinga reports. The brokerage presently has a “buy” rating on the transportation company’s stock. Stifel Nicolaus’ price target points to a potential upside of 17.73% from the stock’s previous close.

Several other research analysts also recently issued reports on the stock. JPMorgan Chase & Co. upgraded shares of Canadian National Railway from a “neutral” rating to an “overweight” rating in a report on Tuesday, January 7th. Susquehanna lowered their target price on shares of Canadian National Railway from $125.00 to $115.00 and set a “neutral” rating on the stock in a research note on Wednesday, January 8th. Wells Fargo & Company lowered their target price on shares of Canadian National Railway from $125.00 to $123.00 and set an “overweight” rating on the stock in a research note on Monday, January 13th. Citigroup raised shares of Canadian National Railway from a “neutral” rating to a “buy” rating and upped their target price for the company from $126.00 to $130.00 in a research note on Tuesday, November 12th. Finally, Evercore ISI raised shares of Canadian National Railway from a “hold” rating to a “strong-buy” rating in a research note on Thursday, December 19th. One analyst has rated the stock with a sell rating, seven have issued a hold rating, seven have given a buy rating and four have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $124.44.

Canadian National Railway Stock Performance

CNI traded up $0.97 during trading on Friday, hitting $106.17. The stock had a trading volume of 736,297 shares, compared to its average volume of 1,249,589. The firm has a market cap of $66.77 billion, a PE ratio of 17.02, a P/E/G ratio of 2.41 and a beta of 0.91. Canadian National Railway has a 12 month low of $98.96 and a 12 month high of $134.02. The company has a current ratio of 0.64, a quick ratio of 0.49 and a debt-to-equity ratio of 0.96. The company has a 50 day simple moving average of $104.62 and a 200-day simple moving average of $111.08.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last posted its quarterly earnings data on Thursday, January 30th. The transportation company reported $1.30 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.39 by ($0.09). Canadian National Railway had a return on equity of 23.62% and a net margin of 31.65%. Analysts expect that Canadian National Railway will post 5.12 EPS for the current year.

Hedge Funds Weigh In On Canadian National Railway

A number of large investors have recently modified their holdings of CNI. National Bank of Canada FI lifted its holdings in Canadian National Railway by 46.5% in the third quarter. National Bank of Canada FI now owns 6,737,322 shares of the transportation company’s stock valued at $789,030,000 after buying an additional 2,137,948 shares during the period. Canoe Financial LP acquired a new position in Canadian National Railway in the fourth quarter valued at approximately $216,943,000. Point72 Asset Management L.P. acquired a new position in Canadian National Railway in the third quarter valued at approximately $159,907,000. Wellington Management Group LLP lifted its holdings in Canadian National Railway by 4.4% in the third quarter. Wellington Management Group LLP now owns 18,562,189 shares of the transportation company’s stock valued at $2,175,935,000 after buying an additional 790,420 shares during the period. Finally, Toronto Dominion Bank raised its holdings in Canadian National Railway by 64.5% in the third quarter. Toronto Dominion Bank now owns 1,492,218 shares of the transportation company’s stock worth $174,813,000 after purchasing an additional 584,832 shares during the period. 80.74% of the stock is currently owned by institutional investors and hedge funds.

About Canadian National Railway

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.