Susquehanna Cuts Canadian National Railway (NYSE:CNI) Price Target to $115.00

Key Points

• Susquehanna has lowered the price target for Canadian National Railway from $120.00 to $115.00, while maintaining a "positive" rating, indicating a potential upside of 23.72% from the last close.
• Several analyst revisions occurred recently, with the company receiving a mix of ratings, yet the consensus remains a "Hold" with a target price of approximately $117.94.
• Canadian National Railway's earnings results showed a revenue miss, reporting $3.14 billion against estimates of $4.34 billion, while earnings per share fell short of expectations by $0.02.

Canadian National Railway (NYSE:CNI - Get Free Report) TSE: CNR had its target price lowered by equities research analysts at Susquehanna from $120.00 to $115.00 in a note issued to investors on Thursday,Benzinga reports. The brokerage currently has a "positive" rating on the transportation company's stock. Susquehanna's target price indicates a potential upside of 23.72% from the company's previous close.

Several other research firms have also weighed in on CNI. Argus upgraded shares of Canadian National Railway to a "hold" rating in a report on Friday, June 27th. National Bank Financial lowered shares of Canadian National Railway from an "outperform" rating to a "sector perform" rating in a report on Wednesday, July 23rd. Citigroup reduced their target price on shares of Canadian National Railway from $124.00 to $123.00 and set a "buy" rating on the stock in a report on Wednesday, July 9th. Evercore ISI lowered shares of Canadian National Railway from an "outperform" rating to an "in-line" rating and set a $105.00 target price on the stock. in a report on Wednesday, July 23rd. Finally, Raymond James Financial upgraded shares of Canadian National Railway from a "market perform" rating to an "outperform" rating in a report on Thursday, July 17th. Two investment analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating, nine have issued a Hold rating and two have given a Sell rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Hold" and a consensus target price of $117.94.

Canadian National Railway Trading Up 0.9%

NYSE:CNI traded up $0.80 during trading hours on Thursday, reaching $92.95. 452,850 shares of the company were exchanged, compared to its average volume of 1,536,684. 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 firm has a market cap of $57.70 billion, a price-to-earnings ratio of 17.91, a PEG ratio of 2.12 and a beta of 0.94. The stock has a 50 day simple moving average of $94.97 and a 200 day simple moving average of $99.16. Canadian National Railway has a 52-week low of $91.07 and a 52-week high of $118.14.

Canadian National Railway (NYSE:CNI - Get Free Report) TSE: CNR last posted 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 net margin of 26.63% and a return on equity of 21.71%. The business's revenue was down 1.3% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.84 EPS. As a group, analysts predict that Canadian National Railway will post 5.52 EPS for the current year.

Institutional Investors Weigh In On Canadian National Railway

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

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