Canadian National Railway (NYSE:CNI) Given New $140.00 Price Target at Susquehanna

Key Points

• Susquehanna raised Canadian National Railway’s price target from $130 to $140 while maintaining a “neutral” rating, implying approximately 10.42% upside from the reported share price.
• Analyst sentiment remains mixed, with nine Buy ratings and ten Hold ratings; MarketBeat reports a consensus “Hold” rating and an average target price of $138.76.
• Canadian National Railway beat quarterly expectations, reporting $1.54 in EPS versus $1.49 expected and revenue of $3.35 billion versus $3.27 billion estimated. Institutional investors own approximately 80.74% of the company’s shares.

Canadian National Railway (NYSE:CNI - Get Free Report) TSE: CNR had its target price lifted by equities researchers at Susquehanna from $130.00 to $140.00 in a research note issued on Tuesday, Benzinga reports. The brokerage presently has a "neutral" rating on the transportation company's stock. Susquehanna's price objective would suggest a potential upside of 10.42% from the company's current price.

CNI has been the topic of several other research reports. Citigroup upped their price objective on Canadian National Railway from $143.00 to $145.00 and gave the company a "buy" rating in a research report on Monday. Argus reiterated a "hold" rating on shares of Canadian National Railway in a research report on Monday, August 31st. Weiss Ratings raised shares of Canadian National Railway from a "hold (c+)" rating to a "buy (b-)" rating in a research note on Thursday, August 13th. Citizens Jmp started coverage on shares of Canadian National Railway in a report on Wednesday, July 15th. They issued a "market perform" rating on the stock. Finally, Raymond James Financial cut shares of Canadian National Railway from a "moderate buy" rating to a "hold" rating in a report on Monday, October 19th. Nine analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company's stock. According to MarketBeat, Canadian National Railway currently has a consensus rating of "Hold" and a consensus target price of $138.76.

Canadian National Railway Stock Up 2.5%

Shares of NYSE CNI opened at $126.79 on Tuesday. The company has a debt-to-equity ratio of 0.99, a current ratio of 0.87 and a quick ratio of 0.61. The company has a market cap of $76.40 billion, a P/E ratio of 22.09, a PEG ratio of 2.23 and a beta of 0.96. Canadian National Railway has a 1 year low of $90.74 and a 1 year high of $131.55. The firm has a 50-day simple moving average of $121.63 and a two-hundred day simple moving average of $115.49.

Canadian National Railway (NYSE:CNI - Get Free Report) TSE: CNR last announced its earnings results on Friday, October 30th. The transportation company reported $1.54 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.49 by $0.05. The business had revenue of $3.35 billion during the quarter, compared to analyst estimates of $3.27 billion. Canadian National Railway had a return on equity of 22.22% and a net margin of 26.92%. The company's revenue for the quarter was down 99.9% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.83 earnings per share. Research analysts anticipate that Canadian National Railway will post 5.80 earnings per share for the current year.

Institutional Investors Weigh In On Canadian National Railway

Several hedge funds have recently made changes to their positions in CNI. Pin Oak Investment Advisors Inc. purchased a new position in shares of Canadian National Railway during the second quarter valued at $27,000. Financial Network Wealth Advisors LLC lifted its stake in Canadian National Railway by 103.4% in the third quarter. Financial Network Wealth Advisors LLC now owns 238 shares of the transportation company's stock worth $28,000 after acquiring an additional 121 shares during the period. Root Financial Partners LLC purchased a new stake in Canadian National Railway in the third quarter worth about $30,000. Balance Wealth Partners LLC bought a new position in Canadian National Railway during the 3rd quarter worth about $40,000. Finally, Cassaday & Co Wealth Management LLC bought a new position in Canadian National Railway during the 1st quarter worth about $46,000. 80.74% of the stock is currently owned by hedge funds and other institutional investors.

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.

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