Citigroup Has Lowered Expectations for Canadian National Railway (NYSE:CNI) Stock Price

Canadian National Railway (NYSE:CNI - Get Free Report) TSE: CNR had its price objective decreased by equities research analysts at Citigroup from $124.00 to $123.00 in a research note issued to investors on Wednesday, MarketBeat Ratings reports. The brokerage presently has a "buy" rating on the transportation company's stock. Citigroup's price objective suggests a potential upside of 16.92% from the stock's previous close.

CNI has been the topic of a number of other reports. Wall Street Zen upgraded shares of Canadian National Railway from a "sell" rating to a "hold" rating in a research report on Friday, May 30th. Barclays reduced their target price on shares of Canadian National Railway from $104.00 to $101.00 and set an "equal weight" rating on the stock in a research report on Friday, May 2nd. Stephens upped their target price on shares of Canadian National Railway from $105.00 to $109.00 and gave the stock an "equal weight" rating in a research report on Friday, May 2nd. Raymond James Financial lowered shares of Canadian National Railway from a "moderate buy" rating to a "hold" rating in a research report on Tuesday, April 22nd. Finally, Evercore ISI reduced their target price on shares of Canadian National Railway from $119.00 to $114.00 and set an "outperform" rating on the stock in a research report on Friday, May 2nd. Two research analysts have rated the stock with a sell rating, eight have given a hold rating, eight have issued a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $120.86.

Canadian National Railway Price Performance

NYSE CNI traded down $0.83 on Wednesday, reaching $105.20. The company's stock had a trading volume of 1,098,497 shares, compared to its average volume of 1,326,527. The firm has a market cap of $65.91 billion, a PE ratio of 20.51, a price-to-earnings-growth ratio of 2.13 and a beta of 0.97. The business has a 50-day moving average price of $104.37 and a 200 day moving average price of $101.66. Canadian National Railway has a 52 week low of $91.65 and a 52 week high of $123.96. The company has a current ratio of 0.62, a quick ratio of 0.43 and a debt-to-equity ratio of 0.88.

Canadian National Railway (NYSE:CNI - Get Free Report) TSE: CNR last posted its earnings results on Thursday, May 1st. The transportation company reported $1.29 earnings per share for the quarter, beating analysts' consensus estimates of $1.26 by $0.03. The business 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 26.19% and a return on equity of 22.29%. The firm'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. Sell-side analysts expect that Canadian National Railway will post 5.52 EPS for the current year.

Institutional Investors Weigh In On Canadian National Railway

Large investors have recently bought and sold shares of the company. Lee Danner & Bass Inc. bought a new stake in Canadian National Railway in the fourth quarter valued at approximately $30,000. Dagco Inc. bought a new stake in Canadian National Railway in the first quarter valued at approximately $32,000. Bruce G. Allen Investments LLC increased 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 valued at $34,000 after purchasing an additional 106 shares in the last quarter. CX Institutional bought a new stake in Canadian National Railway in the first quarter valued at approximately $39,000. Finally, Brooklyn Investment Group increased 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 valued at $42,000 after purchasing an additional 333 shares in the last quarter. Institutional investors 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.