Canadian National Railway (NYSE:CNI) Given New $101.00 Price Target at Barclays

Canadian National Railway (NYSE:CNI - Free Report) TSE: CNR had its price objective lowered by Barclays from $104.00 to $101.00 in a research report report published on Friday,Benzinga reports. The brokerage currently has an equal weight rating on the transportation company's stock.

A number of other brokerages have also recently issued reports on CNI. Stifel Nicolaus reduced their price objective on shares of Canadian National Railway from $125.00 to $115.00 and set a "buy" rating for the company in a report on Monday, April 14th. Bank of America lowered their price objective on Canadian National Railway from $119.00 to $112.00 and set a "neutral" rating for the company in a research note on Wednesday, January 8th. Citigroup cut their target price on Canadian National Railway from $122.00 to $114.00 and set a "buy" rating on the stock in a research report on Tuesday, April 8th. JPMorgan Chase & Co. upgraded Canadian National Railway from a "neutral" rating to an "overweight" rating in a report on Tuesday, January 7th. Finally, Jefferies Financial Group dropped their price objective on Canadian National Railway from $120.00 to $110.00 and set a "buy" rating on the stock in a research note on Wednesday, April 9th. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating, nine have assigned a buy rating and three have assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $119.27.

Canadian National Railway Stock Down 0.2 %

Shares of CNI stock traded down $0.19 on Friday, reaching $98.50. 913,275 shares of the company were exchanged, compared to its average volume of 1,294,932. The company has a 50-day moving average of $98.01 and a 200-day moving average of $102.92. Canadian National Railway has a one year low of $91.65 and a one year high of $129.18. The company has a debt-to-equity ratio of 0.94, a current ratio of 0.66 and a quick ratio of 0.48. The company has a market cap of $61.90 billion, a price-to-earnings ratio of 19.24, a PEG ratio of 1.95 and a beta of 0.97.

Canadian National Railway (NYSE:CNI - Get Free Report) TSE: CNR last released its quarterly earnings data on Thursday, May 1st. The transportation company reported $1.29 EPS for the quarter, beating the consensus estimate of $1.26 by $0.03. Canadian National Railway had a return on equity of 22.48% and a net margin of 26.09%. The firm had revenue of $3.06 billion during the quarter, compared to the consensus estimate of $4.38 billion. During the same quarter in the previous year, the company posted $1.72 earnings per share. The company's quarterly revenue was up 3.6% on a year-over-year basis. Analysts anticipate that Canadian National Railway will post 5.52 earnings per share for the current year.

Institutional Trading of Canadian National Railway

A number of institutional investors have recently modified their holdings of the business. Royal Bank of Canada lifted its position in shares of Canadian National Railway by 7.5% during the fourth quarter. Royal Bank of Canada now owns 27,757,038 shares of the transportation company's stock worth $2,817,616,000 after acquiring an additional 1,934,622 shares in the last quarter. Vanguard Group Inc. lifted its holdings in Canadian National Railway by 0.4% during the 4th quarter. Vanguard Group Inc. now owns 22,986,678 shares of the transportation company's stock worth $2,334,251,000 after purchasing an additional 101,228 shares in the last quarter. Capital International Investors boosted its stake in Canadian National Railway by 12.8% in the 4th quarter. Capital International Investors now owns 11,822,063 shares of the transportation company's stock worth $1,199,680,000 after purchasing an additional 1,341,133 shares during the period. TD Asset Management Inc. grew its holdings in Canadian National Railway by 2.7% during the 4th quarter. TD Asset Management Inc. now owns 11,768,500 shares of the transportation company's stock valued at $1,194,443,000 after buying an additional 309,210 shares in the last quarter. Finally, JARISLOWSKY FRASER Ltd increased its position in shares of Canadian National Railway by 4.8% during the fourth quarter. JARISLOWSKY FRASER Ltd now owns 9,159,075 shares of the transportation company's stock valued at $926,573,000 after buying an additional 422,078 shares during the period. 80.74% of the stock is currently owned by hedge funds and other institutional investors.

About Canadian National Railway

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.