Canadian National Railway (NYSE:CNI) Given New $132.00 Price Target at Barclays

Canadian National Railway (NYSE:CNI) (TSE:CNR) had its price objective raised by stock analysts at Barclays from $130.00 to $132.00 in a research report issued on Monday, Benzinga reports. The brokerage presently has an “equal weight” rating on the transportation company’s stock. Barclays‘s price target suggests a potential upside of 4.05% from the stock’s previous close.

A number of other equities analysts have also issued reports on CNI. Citigroup raised their price target on Canadian National Railway from $143.00 to $145.00 and gave the stock a “buy” rating in a report on Monday. Royal Bank Of Canada upped their price objective on Canadian National Railway from $195.00 to $205.00 and gave the company an “outperform” rating in a research note on Monday, July 27th. Benchmark reaffirmed a “hold” rating on shares of Canadian National Railway in a research report on Monday, July 27th. Susquehanna decreased their price objective on Canadian National Railway from $142.00 to $130.00 and set a “neutral” rating for the company in a research report on Friday, October 2nd. Finally, Citizens Jmp began coverage on Canadian National Railway in a research note on Wednesday, July 15th. They issued a “market perform” rating on the stock. Nine analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the stock. According to data from MarketBeat.com, Canadian National Railway presently has an average rating of “Hold” and an average target price of $137.85.

Canadian National Railway Stock Performance

Canadian National Railway stock traded up $3.17 during midday trading on Monday, hitting $126.86. 807,517 shares of the company’s stock were exchanged, compared to its average volume of 1,497,641. Canadian National Railway has a 12-month low of $90.74 and a 12-month high of $131.55. The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.61 and a current ratio of 0.87. The stock has a market cap of $76.44 billion, a price-to-earnings ratio of 22.09, a price-to-earnings-growth ratio of 2.22 and a beta of 0.90. The firm’s 50 day simple moving average is $121.69 and its 200 day simple moving average is $115.34.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last posted its quarterly earnings data on Friday, October 30th. The transportation company reported $1.54 EPS for the quarter, beating analysts’ consensus estimates of $1.49 by $0.05. Canadian National Railway had a net margin of 26.42% and a return on equity of 22.84%. The company had revenue of $3.35 billion for the quarter, compared to analyst estimates of $3.27 billion. During the same period in the previous year, the business posted $1.83 earnings per share. Canadian National Railway’s quarterly revenue was down 99.9% on a year-over-year basis. Equities research analysts predict that Canadian National Railway will post 5.80 EPS for the current year.

Institutional Trading of Canadian National Railway

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Lazard Asset Management LLC boosted its holdings in Canadian National Railway by 2.0% in the 1st quarter. Lazard Asset Management LLC now owns 9,077,518 shares of the transportation company’s stock valued at $934,488,000 after purchasing an additional 173,894 shares in the last quarter. TD Waterhouse Canada Inc. raised its stake in shares of Canadian National Railway by 5.8% during the 3rd quarter. TD Waterhouse Canada Inc. now owns 4,546,356 shares of the transportation company’s stock worth $532,519,000 after buying an additional 248,401 shares in the last quarter. Swiss National Bank lifted its holdings in shares of Canadian National Railway by 26.3% in the 1st quarter. Swiss National Bank now owns 1,761,000 shares of the transportation company’s stock valued at $180,986,000 after buying an additional 367,100 shares during the period. Dimensional Fund Advisors LP lifted its holdings in shares of Canadian National Railway by 8.0% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,382,499 shares of the transportation company’s stock valued at $142,066,000 after buying an additional 101,861 shares during the period. Finally, Cardinal Capital Management Inc. lifted its holdings in shares of Canadian National Railway by 5.8% in the 2nd quarter. Cardinal Capital Management Inc. now owns 1,254,252 shares of the transportation company’s stock valued at $149,384,000 after buying an additional 68,791 shares during the period. Hedge funds and other institutional investors own 80.74% of the company’s stock.

Canadian National Railway Company Profile

Canadian National Railway Company (NYSE: CNI) is a transportation and logistics company that operates a major freight railway network across Canada and the United States. The company provides rail, intermodal and related transportation services for shippers, connecting production and consumption centers with ports and distribution hubs.

CN transports a broad range of commodities and manufactured goods, including petroleum and chemicals, grain and fertilizers, forest products, metals and minerals, coal, automotive products and consumer goods.