Canadian National Railway (NYSE:CNI) Given New $114.00 Price Target at Evercore ISI

Canadian National Railway (NYSE:CNI - Get Free Report) TSE: CNR had its target price cut by equities research analysts at Evercore ISI from $119.00 to $114.00 in a note issued to investors on Friday,Benzinga reports. The brokerage presently has an "outperform" rating on the transportation company's stock. Evercore ISI's price target indicates a potential upside of 15.44% from the company's current price.

Several other brokerages have also issued reports on CNI. Royal Bank of Canada decreased their price target on shares of Canadian National Railway from $174.00 to $171.00 and set an "outperform" rating for the company in a research note on Friday, January 31st. Susquehanna lowered their target price on Canadian National Railway from $115.00 to $113.00 and set a "neutral" rating for the company in a report on Thursday, March 27th. Barclays cut their price target on Canadian National Railway from $104.00 to $101.00 and set an "equal weight" rating on the stock in a research report on Friday. Wells Fargo & Company reduced their target price on shares of Canadian National Railway from $125.00 to $123.00 and set an "overweight" rating for the company in a research report on Monday, January 13th. Finally, Bank of America reduced their price target on shares of Canadian National Railway from $119.00 to $112.00 and set a "neutral" rating on the stock in a research note on Wednesday, January 8th. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating, eight have given a buy rating and three have given a strong buy rating to the company's stock. According to MarketBeat.com, Canadian National Railway presently has a consensus rating of "Moderate Buy" and a consensus price target of $118.69.

Canadian National Railway Stock Down 2.6 %

Shares of CNI traded down $2.59 on Friday, reaching $98.75. The company's stock had a trading volume of 1,271,618 shares, compared to its average volume of 1,296,459. The company has a current ratio of 0.66, a quick ratio of 0.48 and a debt-to-equity ratio of 0.94. The firm has a fifty day moving average of $98.04 and a 200-day moving average of $103.03. The stock has a market capitalization of $62.07 billion, a PE ratio of 19.29, a PEG ratio of 1.95 and a beta of 0.97. Canadian National Railway has a twelve month low of $91.65 and a twelve month high of $129.18.

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

Institutional Investors Weigh In On Canadian National Railway

A number of institutional investors have recently added to or reduced their stakes in the business. Quintet Private Bank Europe S.A. acquired a new stake in Canadian National Railway in the 4th quarter valued at $25,000. Arlington Trust Co LLC purchased a new position in Canadian National Railway in the 4th quarter worth approximately $30,000. Lee Danner & Bass Inc. bought a new position in Canadian National Railway during the fourth quarter valued at approximately $30,000. Addison Advisors LLC increased its stake in Canadian National Railway by 80.2% in the 4th quarter. Addison Advisors LLC now owns 319 shares of the transportation company's stock worth $32,000 after purchasing an additional 142 shares during the period. Finally, Thurston Springer Miller Herd & Titak Inc. lifted its holdings in Canadian National Railway by 48.2% in the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 332 shares of the transportation company's stock worth $34,000 after buying an additional 108 shares during the period. 80.74% of the stock is owned by institutional investors.

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.