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

Canadian National Railway (NYSE:CNI - Get Free Report) TSE: CNR had its price target reduced by analysts at Barclays from $106.00 to $99.00 in a research report issued to clients and investors on Wednesday,Benzinga reports. The brokerage currently has an "equal weight" rating on the transportation company's stock. Barclays's price objective indicates a potential upside of 3.66% from the stock's previous close.

Other research analysts have also issued reports about the stock. Bank of America lifted their price objective on shares of Canadian National Railway from $105.00 to $115.00 and gave the company a "neutral" rating in a research note on Friday, May 16th. Evercore ISI lowered Canadian National Railway from an "outperform" rating to an "in-line" rating and set a $105.00 price target for the company. in a report on Wednesday. Susquehanna increased their price objective on Canadian National Railway from $120.00 to $122.00 and gave the stock a "positive" rating in a report on Tuesday, June 24th. Stifel Nicolaus dropped their price objective on Canadian National Railway from $125.00 to $115.00 and set a "buy" rating on the stock in a report on Monday, April 14th. Finally, Royal Bank Of Canada reissued an "outperform" rating and set a $163.00 price objective on shares of Canadian National Railway in a report on Thursday, June 5th. Two equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating, seven have given a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, Canadian National Railway presently has a consensus rating of "Hold" and an average price target of $118.36.

Canadian National Railway Stock Performance

Shares of CNI traded down $0.76 on Wednesday, reaching $95.51. 2,607,237 shares of the company's stock traded hands, compared to its average volume of 1,568,653. The company has a current ratio of 0.82, a quick ratio of 0.43 and a debt-to-equity ratio of 0.90. The stock has a market cap of $59.83 billion, a PE ratio of 18.51, a PEG ratio of 1.93 and a beta of 0.97. The stock's 50 day simple moving average is $104.22 and its two-hundred day simple moving average is $101.60. Canadian National Railway has a 52-week low of $91.65 and a 52-week high of $121.12.

Canadian National Railway (NYSE:CNI - Get Free Report) TSE: CNR last posted its quarterly earnings results on Tuesday, July 22nd. The transportation company reported $1.35 earnings per share for the quarter, missing the consensus estimate of $1.37 by ($0.02). Canadian National Railway had a return on equity of 21.71% and a net margin of 26.63%. The firm had revenue of $3.14 billion for the quarter, compared to the consensus estimate of $4.34 billion. During the same quarter in the previous year, the company posted $1.84 EPS. The firm's revenue was down 1.3% compared to the same quarter last year. On average, analysts forecast that Canadian National Railway will post 5.52 earnings per share for the current fiscal year.

Institutional Trading of Canadian National Railway

Hedge funds and other institutional investors have recently bought and sold shares of the company. Virtu Financial LLC purchased a new position in shares of Canadian National Railway during the fourth quarter worth approximately $470,000. American Century Companies Inc. raised its stake in shares of Canadian National Railway by 6.7% during the fourth quarter. American Century Companies Inc. now owns 147,878 shares of the transportation company's stock worth $15,017,000 after acquiring an additional 9,340 shares in the last quarter. Vanguard Group Inc. increased its holdings in shares of Canadian National Railway by 0.4% in the fourth quarter. Vanguard Group Inc. now owns 22,986,678 shares of the transportation company's stock worth $2,334,251,000 after buying an additional 101,228 shares during the period. CoreFirst Bank & Trust purchased a new position in shares of Canadian National Railway in the fourth quarter worth about $92,000. Finally, Murphy & Mullick Capital Management Corp purchased a new position in shares of Canadian National Railway in the fourth quarter worth about $52,000. Hedge funds and other institutional investors own 80.74% of the company's stock.

Canadian National Railway Company Profile

Canadian National Railway Company, together with its subsidiaries, engages in the rail, intermodal, trucking, and marine transportation and logistics business in Canada and the United States. The company provides rail services, which include equipment, custom brokerage services, transloading and distribution, business development and real estate, and private car storage services; and intermodal services, such as temperature controlled cargo, port partnerships, and logistics parks.