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

Canadian National Railway (NYSE:CNI - Get Free Report) TSE: CNR had its price objective lifted by investment analysts at Barclays from $101.00 to $106.00 in a research note issued on Thursday,Benzinga reports. The firm presently has an "equal weight" rating on the transportation company's stock. Barclays's price objective suggests a potential upside of 0.76% from the stock's previous close.

A number of other analysts have also issued reports on CNI. Susquehanna increased their price target on shares of Canadian National Railway from $120.00 to $122.00 and gave the stock a "positive" rating in a research report on Tuesday, June 24th. Argus upgraded Canadian National Railway to a "hold" rating in a report on Friday, June 27th. Citigroup dropped their price objective on Canadian National Railway from $124.00 to $123.00 and set a "buy" rating on the stock in a report on Wednesday. Royal Bank Of Canada restated an "outperform" rating and issued a $163.00 price objective on shares of Canadian National Railway in a report on Thursday, June 5th. Finally, Raymond James Financial downgraded Canadian National Railway from a "moderate buy" rating to a "hold" rating in a report on Tuesday, April 22nd. Two analysts have rated the stock with a sell rating, eight have given a hold rating, eight have issued a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $120.86.

Canadian National Railway Price Performance

CNI stock traded down $0.83 during trading on Thursday, hitting $105.20. The company had a trading volume of 1,098,497 shares, compared to its average volume of 1,325,513. The firm has a market capitalization of $66.05 billion, a price-to-earnings ratio of 20.51, a P/E/G ratio of 2.10 and a beta of 0.97. The business has a 50 day moving average of $104.30 and a 200 day moving average of $101.64. Canadian National Railway has a fifty-two week low of $91.65 and a fifty-two week high of $123.96. The company has a current ratio of 0.62, a quick ratio of 0.43 and a debt-to-equity ratio of 0.88.

Canadian National Railway (NYSE:CNI - Get Free Report) TSE: CNR last posted its quarterly earnings data on Thursday, May 1st. The transportation company reported $1.29 earnings per share for the quarter, topping the consensus estimate of $1.26 by $0.03. Canadian National Railway had a net margin of 26.19% and a return on equity of 22.29%. The business had revenue of $3.06 billion during the quarter, compared to the consensus estimate of $4.38 billion. During the same quarter in the prior year, the company posted $1.72 earnings per share. The company's quarterly revenue was up 3.6% compared to the same quarter last year. As a group, research analysts predict that Canadian National Railway will post 5.52 earnings per share for the current year.

Institutional Investors Weigh In On Canadian National Railway

Several large investors have recently made changes to their positions in the stock. Lee Danner & Bass Inc. acquired a new stake in Canadian National Railway during the 4th quarter valued at $30,000. Dagco Inc. acquired a new stake in Canadian National Railway during the 1st quarter valued at $32,000. Bruce G. Allen Investments LLC lifted its holdings in Canadian National Railway by 44.2% during the 1st quarter. Bruce G. Allen Investments LLC now owns 346 shares of the transportation company's stock valued at $34,000 after purchasing an additional 106 shares during the last quarter. CX Institutional acquired a new stake in Canadian National Railway during the 1st quarter valued at $39,000. Finally, Brooklyn Investment Group lifted its holdings in Canadian National Railway by 354.3% during the 1st quarter. Brooklyn Investment Group now owns 427 shares of the transportation company's stock valued at $42,000 after purchasing an additional 333 shares during the last quarter. Institutional investors and hedge funds 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.