Susquehanna Issues Pessimistic Forecast for Canadian National Railway (NYSE:CNI) Stock Price

Key Points

• Susquehanna cut Canadian National Railway’s price target from $142 to $130 while maintaining a “neutral” rating, implying 10.91% potential upside from the prior close.
• Analyst sentiment remains moderately positive overall: nine analysts rate the stock a Buy and nine rate it a Hold, producing a “Moderate Buy” consensus and average price target of $137.31.
• Canadian National Railway exceeded quarterly expectations with $1.50 in EPS versus $1.39 forecast and $3.35 billion in revenue, up 11.3% year over year; institutional investors own 80.74% of the shares.

Canadian National Railway (NYSE:CNI - Get Free Report) TSE: CNR had its price objective dropped by analysts at Susquehanna from $142.00 to $130.00 in a research report issued on Friday, Benzinga reports. The brokerage presently has a "neutral" rating on the transportation company's stock. Susquehanna's price target would suggest a potential upside of 10.91% from the company's previous close.

Several other research firms have also recently commented on CNI. Bank of America cut their price target on Canadian National Railway from $146.00 to $143.00 and set a "buy" rating on the stock in a research note on Wednesday, September 23rd. Canadian Imperial Bank of Commerce raised their price objective on Canadian National Railway from C$182.00 to C$185.00 and gave the company an "outperformer" rating in a research note on Thursday, June 25th. Citizens Jmp initiated coverage on Canadian National Railway in a research report on Wednesday, July 15th. They issued a "market perform" rating on the stock. Wells Fargo & Company increased their target price on Canadian National Railway from $135.00 to $145.00 and gave the company an "overweight" rating in a research note on Monday, July 27th. Finally, Evercore raised shares of Canadian National Railway from an "in-line" rating to an "outperform" rating and set a $124.00 price target for the company in a research report on Thursday, June 25th. Nine research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $137.31.

Canadian National Railway Stock Down 1.4%

Shares of NYSE:CNI opened at $117.21 on Friday. The company has a quick ratio of 0.61, a current ratio of 0.87 and a debt-to-equity ratio of 0.99. Canadian National Railway has a 52-week low of $90.74 and a 52-week high of $131.55. The company has a 50 day moving average of $124.27 and a two-hundred day moving average of $117.77. The company has a market capitalization of $70.80 billion, a price-to-earnings ratio of 20.78, a price-to-earnings-growth ratio of 2.12 and a beta of 0.96.

Canadian National Railway (NYSE:CNI - Get Free Report) TSE: CNR last posted its quarterly earnings data on Friday, July 24th. The transportation company reported $1.50 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.39 by $0.11. The company had revenue of $3.35 billion for the quarter, compared to analyst estimates of $3.26 billion. Canadian National Railway had a net margin of 26.92% and a return on equity of 22.22%. The business's quarterly revenue was up 11.3% on a year-over-year basis. During the same quarter last year, the firm posted $1.87 earnings per share. As a group, analysts forecast that Canadian National Railway will post 5.82 earnings per share 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 company. Pin Oak Investment Advisors Inc. acquired a new stake in Canadian National Railway in the 2nd quarter valued at approximately $27,000. MidFirst Bank acquired a new position in shares of Canadian National Railway during the fourth quarter valued at $31,000. Curio Wealth LLC acquired a new position in shares of Canadian National Railway during the fourth quarter valued at $31,000. MBM Wealth Consultants LLC bought a new stake in shares of Canadian National Railway during the first quarter valued at about $37,000. Finally, Cassaday & Co Wealth Management LLC acquired a new stake in Canadian National Railway in the first quarter worth about $46,000. Institutional investors and hedge funds 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 rail network in Canada and the United States. Its network connects the Atlantic, Pacific and Gulf coasts, serving ports, industrial centers, agricultural regions and major population markets.

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

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