Canadian National Railway (NYSE:CNI) Given New $97.00 Price Target at Barclays

Key Points

• Barclays has reduced its price target for Canadian National Railway (CNI) from $99.00 to $97.00, maintaining an "equal weight" rating, which suggests a potential upside of 2.62% from the current stock price.
• The company's latest earnings report showed a quarterly revenue of $3.14 billion, below analyst expectations of $4.34 billion, and missed the earnings per share estimate by $0.02.
• Canadian National Railway has received mixed ratings from analysts, with a current average rating of "Hold" and a consensus target price of $116.69, reflecting a wide range of opinions on its stock performance.

Canadian National Railway (NYSE:CNI - Get Free Report) TSE: CNR had its target price cut by analysts at Barclays from $99.00 to $97.00 in a research note issued to investors on Thursday,Benzinga reports. The firm currently has an "equal weight" rating on the transportation company's stock. Barclays's target price would suggest a potential upside of 2.62% from the stock's current price.

Several other research analysts also recently weighed in on CNI. JPMorgan Chase & Co. reaffirmed a "neutral" rating on shares of Canadian National Railway in a research note on Wednesday, July 23rd. Bank of America reduced their target price on Canadian National Railway from $106.00 to $102.00 and set a "neutral" rating for the company in a research note on Monday. National Bank Financial cut Canadian National Railway from an "outperform" rating to a "sector perform" rating in a research report on Wednesday, July 23rd. Argus upgraded Canadian National Railway to a "hold" rating in a research report on Friday, June 27th. Finally, Raymond James Financial upgraded Canadian National Railway from a "market perform" rating to an "outperform" rating in a research report on Thursday, July 17th. Two analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating, nine have given a Hold rating and two have issued a Sell rating to the company's stock. Based on data from MarketBeat, Canadian National Railway currently has an average rating of "Hold" and a consensus target price of $116.69.

Canadian National Railway Trading Up 0.2%

Shares of CNI stock opened at $94.52 on Thursday. The company has a debt-to-equity ratio of 0.90, a current ratio of 0.82 and a quick ratio of 0.58. The company has a market cap of $58.68 billion, a price-to-earnings ratio of 18.18, a PEG ratio of 2.10 and a beta of 0.96. The stock has a 50 day simple moving average of $94.37 and a 200-day simple moving average of $99.05. Canadian National Railway has a 1-year low of $91.07 and a 1-year high of $117.42.

Canadian National Railway (NYSE:CNI - Get Free Report) TSE: CNR last announced its 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). The business had revenue of $3.14 billion for the quarter, compared to analyst estimates of $4.34 billion. Canadian National Railway had a return on equity of 21.71% and a net margin of 26.63%.The company's quarterly revenue was down 1.3% compared to the same quarter last year. During the same period in the previous year, the company earned $1.84 earnings per share. On average, equities research analysts expect that Canadian National Railway will post 5.52 EPS for the current fiscal year.

Hedge Funds Weigh In On Canadian National Railway

Several large investors have recently modified their holdings of CNI. Addison Advisors LLC lifted its stake in shares of Canadian National Railway by 124.0% in the 2nd quarter. Addison Advisors LLC now owns 271 shares of the transportation company's stock valued at $28,000 after purchasing an additional 150 shares during the last quarter. Dagco Inc. acquired a new position in shares of Canadian National Railway in the 1st quarter valued at $32,000. Curio Wealth LLC lifted its stake in Canadian National Railway by 31,600.0% during the 2nd quarter. Curio Wealth LLC now owns 317 shares of the transportation company's stock worth $33,000 after acquiring an additional 316 shares in the last quarter. Bruce G. Allen Investments LLC lifted its stake 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 worth $34,000 after acquiring an additional 106 shares in the last quarter. Finally, CX Institutional acquired a new position in Canadian National Railway during the 1st quarter worth about $39,000. Institutional investors and hedge funds own 80.74% of the company's stock.

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.

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