Canadian National Railway (NYSE:CNI) Price Target Cut to $100.00 by Analysts at Stephens

Canadian National Railway (NYSE:CNI) (TSE:CNR) had its price objective cut by equities research analysts at Stephens from $105.00 to $100.00 in a research report issued on Monday,Benzinga reports. The brokerage currently has an “equal weight” rating on the transportation company’s stock. Stephens’ price objective would suggest a potential upside of 5.61% from the stock’s previous close.

Several other equities research analysts have also recently weighed in on CNI. Royal Bank Of Canada increased their price objective on Canadian National Railway from $148.00 to $158.00 and gave the stock an “outperform” rating in a report on Monday, November 3rd. Vertical Research upgraded shares of Canadian National Railway from a “hold” rating to a “buy” rating in a research note on Monday, January 5th. Zacks Research upgraded shares of Canadian National Railway from a “strong sell” rating to a “hold” rating in a report on Friday, November 28th. Weiss Ratings reiterated a “hold (c-)” rating on shares of Canadian National Railway in a research report on Wednesday, October 8th. Finally, Evercore ISI dropped their target price on Canadian National Railway from $105.00 to $103.00 and set an “in-line” rating on the stock in a report on Monday. One analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, nine have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $116.82.

Canadian National Railway Stock Performance

NYSE:CNI traded down $1.53 during midday trading on Monday, reaching $94.69. The stock had a trading volume of 240,079 shares, compared to its average volume of 1,301,173. The company has a debt-to-equity ratio of 0.92, a current ratio of 0.60 and a quick ratio of 0.42. The firm’s fifty day simple moving average is $98.10 and its 200-day simple moving average is $96.11. The stock has a market capitalization of $58.18 billion, a P/E ratio of 17.44, a PEG ratio of 2.01 and a beta of 0.94. Canadian National Railway has a 1-year low of $90.74 and a 1-year high of $108.75.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last announced its quarterly earnings results on Friday, January 30th. The transportation company reported $1.49 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.43 by $0.06. Canadian National Railway had a return on equity of 22.17% and a net margin of 27.28%.The company had revenue of $3.24 billion during the quarter, compared to the consensus estimate of $4.43 billion. During the same period in the prior year, the company earned $1.82 earnings per share. The company’s revenue for the quarter was up 2.4% compared to the same quarter last year. On average, equities research analysts forecast that Canadian National Railway will post 5.52 EPS for the current fiscal year.

Hedge Funds Weigh In On Canadian National Railway

Hedge funds and other institutional investors have recently modified their holdings of the stock. Vanguard Group Inc. lifted its stake in Canadian National Railway by 1.4% during the 4th quarter. Vanguard Group Inc. now owns 24,646,922 shares of the transportation company’s stock worth $2,437,679,000 after acquiring an additional 346,670 shares in the last quarter. Bank of Montreal Can increased its stake in shares of Canadian National Railway by 0.3% during the third quarter. Bank of Montreal Can now owns 14,201,675 shares of the transportation company’s stock valued at $1,338,948,000 after acquiring an additional 42,907 shares during the period. Caisse de depot et placement du Quebec increased its position in Canadian National Railway by 1.1% in the 3rd quarter. Caisse de depot et placement du Quebec now owns 13,894,922 shares of the transportation company’s stock worth $1,310,600,000 after purchasing an additional 157,000 shares during the last quarter. TD Asset Management Inc lifted its stake in shares of Canadian National Railway by 2.3% in the second quarter. TD Asset Management Inc now owns 12,072,540 shares of the transportation company’s stock valued at $1,255,385,000 after buying an additional 273,974 shares during the period. Finally, Lazard Asset Management LLC grew its stake in shares of Canadian National Railway by 639,137.0% during the third quarter. Lazard Asset Management LLC now owns 8,955,711 shares of the transportation company’s stock valued at $844,353,000 after purchasing an additional 8,954,310 shares during the last quarter. 80.74% of the stock is owned by hedge funds and other institutional investors.

Canadian National Railway Company Profile

Canadian National Railway Company (NYSE: CNI) is a Class I freight railway that operates an integrated rail network across Canada and the United States. Headquartered in Montreal, Quebec, CN provides long-haul freight transportation and related logistics services that connect major ports, industrial centers and inland markets throughout North America. Its transcontinental system enables cross-border movement of goods and supports supply chains that span coast-to-coast in Canada and into the central and eastern United States.

CN’s core business is the railborne transportation of a broad mix of commodities, including intermodal container traffic, forest and paper products, grain and other agricultural products, metallurgical and industrial products, petroleum and chemical products, coal and automotive shipments.