Canadian National Railway (NYSE:CNI) Price Target Cut to $125.00

Canadian National Railway (NYSE:CNI) (TSE:CNR) had its target price reduced by analysts at Susquehanna from $130.00 to $125.00 in a report issued on Wednesday, Benzinga reports. The brokerage presently has a “neutral” rating on the transportation company’s stock. Susquehanna’s price objective suggests a potential upside of 12.79% from the stock’s current price.

Several other research firms also recently issued reports on CNI. Stephens lowered their price objective on Canadian National Railway from $127.00 to $122.00 and set an “equal weight” rating for the company in a research note on Wednesday, July 24th. Bank of America lowered Canadian National Railway from a “buy” rating to a “neutral” rating and lowered their target price for the stock from $129.00 to $122.00 in a research report on Friday, October 4th. 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 cut their price objective on Canadian National Railway from $130.67 to $126.29 and set a “market perform” rating on the stock in a research note on Wednesday, October 9th. Finally, National Bank Financial raised shares of Canadian National Railway from a “sector perform” rating to an “outperform” rating in a research report on Thursday, June 27th. One equities research analyst has rated the stock with a sell rating, fifteen have given a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, Canadian National Railway presently has a consensus rating of “Hold” and a consensus target price of $125.18.

Canadian National Railway Stock Performance

NYSE:CNI opened at $110.83 on Wednesday. Canadian National Railway has a twelve month low of $103.96 and a twelve month high of $134.02. The company has a quick ratio of 0.48, a current ratio of 0.63 and a debt-to-equity ratio of 0.93. The stock’s 50-day simple moving average is $116.02 and its 200 day simple moving average is $119.72. The firm has a market capitalization of $69.80 billion, a PE ratio of 17.76, a price-to-earnings-growth ratio of 2.50 and a beta of 0.88.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last released its quarterly earnings data on Tuesday, October 22nd. The transportation company reported $1.72 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.70 by $0.02. The business had revenue of $4.11 billion during the quarter, compared to analysts’ expectations of $4.08 billion. Canadian National Railway had a net margin of 31.65% and a return on equity of 23.49%. The firm’s quarterly revenue was up 3.1% compared to the same quarter last year. During the same period in the prior year, the company earned $1.26 EPS. On average, analysts anticipate that Canadian National Railway will post 5.5 EPS for the current fiscal year.

Institutional Investors Weigh In On Canadian National Railway

A number of hedge funds have recently added to or reduced their stakes in CNI. GQG Partners LLC grew its holdings in shares of Canadian National Railway by 0.8% during the first quarter. GQG Partners LLC now owns 11,424 shares of the transportation company’s stock valued at $1,505,000 after buying an additional 93 shares during the last quarter. Choreo LLC boosted its stake in Canadian National Railway by 1.5% during the 1st quarter. Choreo LLC now owns 6,427 shares of the transportation company’s stock valued at $846,000 after purchasing an additional 97 shares during the last quarter. Grove Bank & Trust boosted its stake in Canadian National Railway by 15.3% during the 3rd quarter. Grove Bank & Trust now owns 730 shares of the transportation company’s stock valued at $86,000 after purchasing an additional 97 shares during the last quarter. B. Riley Wealth Advisors Inc. increased its holdings in Canadian National Railway by 2.5% during the 1st quarter. B. Riley Wealth Advisors Inc. now owns 4,156 shares of the transportation company’s stock worth $547,000 after purchasing an additional 100 shares in the last quarter. Finally, Whittier Trust Co. of Nevada Inc. raised its stake in shares of Canadian National Railway by 1.1% in the second quarter. Whittier Trust Co. of Nevada Inc. now owns 9,350 shares of the transportation company’s stock worth $1,105,000 after purchasing an additional 102 shares during the last quarter. Institutional investors and hedge funds own 80.74% of the company’s stock.

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.