Canadian National Railway (NYSE:CNI) Given New $135.00 Price Target at Wells Fargo & Company

Canadian National Railway (NYSE:CNI) (TSE:CNR) had its price objective upped by analysts at Wells Fargo & Company from $110.00 to $135.00 in a report issued on Wednesday,Benzinga reports. The brokerage currently has an “overweight” rating on the transportation company’s stock. Wells Fargo & Company‘s target price would indicate a potential upside of 10.44% from the company’s current price.

Several other equities analysts also recently weighed in on CNI. Evercore upgraded Canadian National Railway from an “in-line” rating to an “outperform” rating and set a $124.00 target price on the stock in a research report on Thursday, June 25th. Sanford C. Bernstein upped their price target on shares of Canadian National Railway from $113.88 to $117.36 and gave the stock a “market perform” rating in a research report on Tuesday, March 31st. Barclays increased their price target on shares of Canadian National Railway from $99.00 to $109.00 and gave the stock an “equal weight” rating in a research note on Thursday, June 25th. Bank of America increased their target price on Canadian National Railway from $132.00 to $134.00 and gave the stock a “buy” rating in a research report on Tuesday, June 23rd. Finally, Citigroup boosted their price target on Canadian National Railway from $123.00 to $124.00 and gave the company a “buy” rating in a research report on Thursday, April 30th. Ten research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the stock. According to data from MarketBeat, Canadian National Railway currently has a consensus rating of “Moderate Buy” and an average price target of $128.40.

Canadian National Railway Stock Down 0.4%

Canadian National Railway stock opened at $122.24 on Wednesday. The stock’s fifty day moving average is $116.32 and its two-hundred day moving average is $108.19. The stock has a market cap of $74.16 billion, a PE ratio of 22.31, a P/E/G ratio of 2.29 and a beta of 0.96. Canadian National Railway has a 1-year low of $90.74 and a 1-year high of $123.00. The company has a debt-to-equity ratio of 0.95, a current ratio of 0.67 and a quick ratio of 0.49.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last issued its quarterly earnings results on Wednesday, April 29th. The transportation company reported $1.31 earnings per share for the quarter, hitting analysts’ consensus estimates of $1.31. Canadian National Railway had a net margin of 27.22% and a return on equity of 21.90%. The firm had revenue of $3.15 billion during the quarter, compared to analysts’ expectations of $3.15 billion. During the same quarter in the prior year, the business earned $1.85 EPS. Canadian National Railway’s quarterly revenue was down .5% compared to the same quarter last year. On average, sell-side analysts expect that Canadian National Railway will post 5.75 EPS for the current fiscal year.

Institutional Investors Weigh In On Canadian National Railway

Hedge funds have recently bought and sold shares of the business. Minot DeBlois Advisors LLC raised its position in Canadian National Railway by 2.0% during the fourth quarter. Minot DeBlois Advisors LLC now owns 5,132 shares of the transportation company’s stock valued at $507,000 after acquiring an additional 103 shares in the last quarter. Smartleaf Asset Management LLC grew its holdings in Canadian National Railway by 19.4% in the 4th quarter. Smartleaf Asset Management LLC now owns 635 shares of the transportation company’s stock valued at $63,000 after buying an additional 103 shares during the last quarter. Tacita Capital Inc increased its position in Canadian National Railway by 0.6% in the 4th quarter. Tacita Capital Inc now owns 19,809 shares of the transportation company’s stock worth $1,960,000 after buying an additional 109 shares during the period. Roberts Glore & Co. Inc. IL lifted its holdings in shares of Canadian National Railway by 1.5% during the fourth quarter. Roberts Glore & Co. Inc. IL now owns 7,233 shares of the transportation company’s stock worth $715,000 after buying an additional 110 shares during the last quarter. Finally, Patten Group Inc. lifted its holdings in shares of Canadian National Railway by 1.4% during the fourth quarter. Patten Group Inc. now owns 8,326 shares of the transportation company’s stock worth $823,000 after buying an additional 114 shares during the last quarter. 80.74% of the stock is owned by hedge funds and other institutional investors.

About Canadian National Railway

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.