Canadian National Railway (NYSE:CNI) Stock Price Expected to Rise, Citigroup Analyst Says

Key Points

• Citigroup raised Canadian National Railway’s price target to $145 from $143 and maintained a “buy” rating, implying 14.29% upside from the previous close.
• Analyst sentiment is mixed: nine analysts rate the stock a Buy and ten rate it a Hold, producing a consensus Hold rating and an average target price of $137.67.
• CNI shares recently traded at $126.87, while the company beat quarterly expectations with $1.54 in adjusted EPS versus the $1.49 consensus and revenue of $3.35 billion versus $3.27 billion expected.

Canadian National Railway (NYSE:CNI - Get Free Report) TSE: CNR had its target price lifted by Citigroup from $143.00 to $145.00 in a research report issued on Monday, Benzinga reports. The brokerage presently has a "buy" rating on the transportation company's stock. Citigroup's price target suggests a potential upside of 14.29% from the stock's previous close.

Several other analysts also recently issued reports on CNI. Bank of America decreased their price objective on shares of Canadian National Railway from $146.00 to $143.00 and set a "buy" rating for the company in a research note on Wednesday, September 23rd. Wells Fargo & Company raised their price objective on Canadian National Railway from $135.00 to $145.00 and gave the stock an "overweight" rating in a report on Monday, July 27th. Stephens raised Canadian National Railway to a "hold" rating in a research report on Wednesday, July 8th. Benchmark reiterated a "hold" rating on shares of Canadian National Railway in a report on Monday, July 27th. Finally, Argus reissued a "hold" rating on shares of Canadian National Railway in a research report on Monday, August 31st. Nine equities research analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price of $137.67.

Canadian National Railway Price Performance

CNI stock traded up $3.18 during trading on Monday, hitting $126.87. 611,970 shares of the company's stock traded hands, compared to its average volume of 1,496,719. The business has a fifty day simple moving average of $121.69 and a 200 day simple moving average of $115.34. 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 capitalization of $76.44 billion, a price-to-earnings ratio of 22.11, a P/E/G ratio of 2.22 and a beta of 0.90. Canadian National Railway has a 52 week low of $90.74 and a 52 week high of $131.55.

Canadian National Railway (NYSE:CNI - Get Free Report) TSE: CNR last announced its quarterly earnings results on Friday, October 30th. The transportation company reported $1.54 EPS for the quarter, beating analysts' consensus estimates of $1.49 by $0.05. The firm had revenue of $3.35 billion during the quarter, compared to the consensus estimate of $3.27 billion. Canadian National Railway had a net margin of 26.42% and a return on equity of 22.84%. The firm's revenue for the quarter was down 99.9% compared to the same quarter last year. During the same quarter last year, the firm earned $1.83 EPS. As a group, research analysts expect that Canadian National Railway will post 5.80 EPS for the current fiscal year.

Institutional Investors Weigh In On Canadian National Railway

Hedge funds and other institutional investors have recently bought and sold shares of the company. Pin Oak Investment Advisors Inc. acquired a new stake in Canadian National Railway in the second quarter valued at approximately $27,000. Financial Network Wealth Advisors LLC increased its position in shares of Canadian National Railway by 103.4% during the third quarter. Financial Network Wealth Advisors LLC now owns 238 shares of the transportation company's stock worth $28,000 after purchasing an additional 121 shares in the last quarter. Root Financial Partners LLC purchased a new stake in shares of Canadian National Railway during the 3rd quarter valued at $30,000. Balance Wealth Partners LLC purchased a new stake in shares of Canadian National Railway during the 3rd quarter valued at $40,000. Finally, Cassaday & Co Wealth Management LLC purchased a new stake in shares of Canadian National Railway during the 1st quarter valued at $46,000. Hedge funds and other institutional investors own 80.74% of the company's stock.

About Canadian National Railway

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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