Canadian National Railway (NYSE:CNI - Get Free Report) TSE: CNR had its target price raised by investment analysts at Citigroup from $117.00 to $124.00 in a research note issued to investors on Monday,BayStreet.CA reports. The firm presently has a "buy" rating on the transportation company's stock. Citigroup's target price indicates a potential upside of 17.95% from the stock's current price.
A number of other research firms have also recently weighed in on CNI. Raymond James cut shares of Canadian National Railway from a "moderate buy" rating to a "hold" rating in a research note on Tuesday, April 22nd. Stifel Nicolaus lowered their price target on shares of Canadian National Railway from $125.00 to $115.00 and set a "buy" rating on the stock in a research note on Monday, April 14th. Barclays lowered their price target on shares of Canadian National Railway from $104.00 to $101.00 and set an "equal weight" rating on the stock in a research note on Friday, May 2nd. Stephens upped their price target on shares of Canadian National Railway from $105.00 to $109.00 and gave the stock an "equal weight" rating in a research note on Friday, May 2nd. Finally, Wall Street Zen raised shares of Canadian National Railway from a "sell" rating to a "hold" rating in a research note on Friday, May 30th. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating, nine have issued a buy rating and three have assigned a strong buy rating to the stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $120.36.
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Canadian National Railway Stock Performance
CNI traded up $0.69 during trading on Monday, hitting $105.13. The stock had a trading volume of 1,303,780 shares, compared to its average volume of 1,337,918. The company has a debt-to-equity ratio of 0.94, a quick ratio of 0.48 and a current ratio of 0.66. The firm has a market capitalization of $66.08 billion, a P/E ratio of 20.53, a PEG ratio of 1.95 and a beta of 0.98. The company's 50-day moving average price is $101.50 and its 200 day moving average price is $102.04. Canadian National Railway has a twelve month low of $91.65 and a twelve month high of $123.96.
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 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.26 by $0.03. The company had revenue of $3.06 billion for the quarter, compared to analysts' expectations of $4.38 billion. Canadian National Railway had a net margin of 26.09% and a return on equity of 22.48%. Canadian National Railway's revenue was up 3.6% compared to the same quarter last year. During the same period in the previous year, the company posted $1.72 EPS. On average, equities research analysts forecast that Canadian National Railway will post 5.52 EPS for the current fiscal year.
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently added to or reduced their stakes in CNI. Norges Bank purchased a new position in Canadian National Railway in the 4th quarter valued at about $563,048,000. Royal Bank of Canada lifted its holdings in Canadian National Railway by 7.5% in the 4th quarter. Royal Bank of Canada now owns 27,757,038 shares of the transportation company's stock valued at $2,817,616,000 after purchasing an additional 1,934,622 shares in the last quarter. The Manufacturers Life Insurance Company lifted its holdings in Canadian National Railway by 37.3% in the 1st quarter. The Manufacturers Life Insurance Company now owns 5,296,701 shares of the transportation company's stock valued at $518,260,000 after purchasing an additional 1,439,617 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its holdings in shares of Canadian National Railway by 33.6% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 5,489,874 shares of the transportation company's stock worth $557,278,000 after acquiring an additional 1,380,554 shares during the period. Finally, Capital International Investors lifted its holdings in shares of Canadian National Railway by 12.8% during the 4th quarter. Capital International Investors now owns 11,822,063 shares of the transportation company's stock worth $1,199,680,000 after acquiring an additional 1,341,133 shares during the period. 80.74% of the stock is currently owned by hedge funds and other institutional investors.
About Canadian National Railway
(
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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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