Canadian National Railway (NYSE:CNI) Given New $157.00 Price Target at Royal Bank Of Canada

Canadian National Railway (NYSE:CNI - Get Free Report) TSE: CNR had its price target reduced by equities researchers at Royal Bank Of Canada from $161.00 to $157.00 in a research report issued to clients and investors on Wednesday,Benzinga reports. The brokerage currently has an "outperform" rating on the transportation company's stock. Royal Bank Of Canada's target price suggests a potential upside of 63.77% from the stock's current price.

A number of other equities research analysts have also weighed in on the company. Stephens boosted their target price on Canadian National Railway from $105.00 to $109.00 and gave the company an "equal weight" rating in a research note on Friday, May 2nd. Citigroup reduced their price target on Canadian National Railway from $124.00 to $123.00 and set a "buy" rating on the stock in a report on Wednesday, July 9th. National Bank Financial downgraded Canadian National Railway from an "outperform" rating to a "sector perform" rating in a report on Wednesday. Raymond James Financial upgraded Canadian National Railway from a "market perform" rating to an "outperform" rating in a report on Thursday, July 17th. Finally, JPMorgan Chase & Co. restated a "neutral" rating on shares of Canadian National Railway in a report on Wednesday. Two 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.com, the company presently has an average rating of "Hold" and an average price target of $118.36.

Canadian National Railway Price Performance

CNI stock traded up $0.45 during mid-day trading on Wednesday, hitting $95.87. 2,287,331 shares of the stock were exchanged, compared to its average volume of 1,606,836. The company has a debt-to-equity ratio of 0.90, a current ratio of 0.82 and a quick ratio of 0.43. The business has a fifty day moving average price of $103.72 and a 200 day moving average price of $101.49. Canadian National Railway has a 12 month low of $91.65 and a 12 month high of $121.12. The stock has a market capitalization of $60.06 billion, a price-to-earnings ratio of 18.44, a PEG ratio of 2.12 and a beta of 0.97.

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

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the business. Dagco Inc. bought a new position in Canadian National Railway in the first quarter worth approximately $32,000. Bruce G. Allen Investments LLC raised its stake in Canadian National Railway by 44.2% in the first quarter. Bruce G. Allen Investments LLC now owns 346 shares of the transportation company's stock worth $34,000 after buying an additional 106 shares in the last quarter. CX Institutional bought a new position in Canadian National Railway in the first quarter worth approximately $39,000. Brooklyn Investment Group raised its stake in Canadian National Railway by 354.3% in the first quarter. Brooklyn Investment Group now owns 427 shares of the transportation company's stock worth $42,000 after buying an additional 333 shares in the last quarter. Finally, Murphy & Mullick Capital Management Corp bought a new position in Canadian National Railway in the fourth quarter worth approximately $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.