Canadian National Railway (NYSE:CNI) Trading Down 4.8%

Canadian National Railway (NYSE:CNI) (TSE:CNR) shares fell 4.8% on Wednesday . The company traded as low as $123.01 and last traded at $123.13. 975,850 shares traded hands during mid-day trading, a decline of 2% from the average session volume of 1,000,297 shares. The stock had previously closed at $129.40.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on CNI shares. Citigroup lifted their target price on shares of Canadian National Railway from $121.00 to $128.00 and gave the company a “neutral” rating in a report on Wednesday, January 24th. TD Securities cut Canadian National Railway from a “buy” rating to a “hold” rating in a research note on Monday, January 8th. Susquehanna lifted their price target on Canadian National Railway from $140.00 to $142.00 and gave the stock a “neutral” rating in a research report on Wednesday. Barclays increased their price objective on shares of Canadian National Railway from $127.00 to $130.00 and gave the company an “equal weight” rating in a research report on Thursday, April 4th. Finally, Stephens reaffirmed an “equal weight” rating and issued a $140.00 target price on shares of Canadian National Railway in a report on Wednesday. Eighteen equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat, Canadian National Railway currently has an average rating of “Hold” and a consensus target price of $147.86.

Canadian National Railway Stock Down 5.1 %

The firm has a market capitalization of $78.47 billion, a PE ratio of 19.34, a P/E/G ratio of 2.25 and a beta of 0.88. The company has a 50-day moving average price of $129.80 and a 200 day moving average price of $122.20. The company has a debt-to-equity ratio of 0.80, a current ratio of 0.61 and a quick ratio of 0.47.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last released its earnings results on Tuesday, January 23rd. The transportation company reported $1.48 earnings per share for the quarter, topping the consensus estimate of $1.46 by $0.02. The business had revenue of $3.28 billion during the quarter, compared to the consensus estimate of $3.25 billion. Canadian National Railway had a return on equity of 23.56% and a net margin of 33.38%. Analysts forecast that Canadian National Railway will post 5.94 earnings per share for the current year.

Hedge Funds Weigh In On Canadian National Railway

Several institutional investors have recently made changes to their positions in CNI. PDS Planning Inc grew its holdings in Canadian National Railway by 2.0% during the 4th quarter. PDS Planning Inc now owns 4,566 shares of the transportation company’s stock worth $574,000 after acquiring an additional 89 shares in the last quarter. Tacita Capital Inc boosted its stake in Canadian National Railway by 0.4% in the 3rd quarter. Tacita Capital Inc now owns 27,356 shares of the transportation company’s stock worth $2,972,000 after purchasing an additional 97 shares in the last quarter. Bfsg LLC raised its position in Canadian National Railway by 110.5% during the 1st quarter. Bfsg LLC now owns 200 shares of the transportation company’s stock worth $26,000 after buying an additional 105 shares during the last quarter. Signaturefd LLC boosted its holdings in shares of Canadian National Railway by 1.0% in the 3rd quarter. Signaturefd LLC now owns 10,739 shares of the transportation company’s stock valued at $1,163,000 after acquiring an additional 110 shares during the last quarter. Finally, Legacy Wealth Asset Management LLC lifted its position in Canadian National Railway by 1.1% during the third quarter. Legacy Wealth Asset Management LLC now owns 10,496 shares of the transportation company’s stock valued at $1,137,000 after purchasing an additional 111 shares during the period. Hedge funds and other institutional investors 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.