Canadian National Railway (NYSE:CNI) Price Target Cut to $114.00 by Analysts at Citigroup

Canadian National Railway (NYSE:CNI) (TSE:CNR) had its price target reduced by Citigroup from $122.00 to $114.00 in a research note issued on Tuesday,BayStreet.CA reports. The brokerage currently has a “buy” rating on the transportation company’s stock. Citigroup’s target price would suggest a potential upside of 22.87% from the stock’s previous close.

CNI has been the subject of a number of other research reports. Jefferies Financial Group upgraded Canadian National Railway from a “hold” rating to a “buy” rating and set a $120.00 price objective for the company in a report on Friday, January 10th. Susquehanna decreased their price objective on shares of Canadian National Railway from $115.00 to $113.00 and set a “neutral” rating on the stock in a research note on Thursday, March 27th. Stifel Nicolaus raised their price target on shares of Canadian National Railway from $120.00 to $125.00 and gave the company a “buy” rating in a research note on Friday, January 31st. Barclays dropped their price objective on shares of Canadian National Railway from $112.00 to $104.00 and set an “equal weight” rating for the company in a research note on Wednesday, April 2nd. Finally, TD Securities raised Canadian National Railway from a “hold” rating to a “strong-buy” rating in a report on Monday, January 13th. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating, seven have issued a buy rating and four have given a strong buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $122.02.

Canadian National Railway Stock Down 2.1 %

Shares of CNI traded down $1.97 during midday trading on Tuesday, hitting $92.78. The stock had a trading volume of 1,247,873 shares, compared to its average volume of 1,256,045. The firm has a market cap of $58.30 billion, a price-to-earnings ratio of 18.13, a price-to-earnings-growth ratio of 1.95 and a beta of 0.93. The company has a 50 day simple moving average of $100.22 and a two-hundred day simple moving average of $105.61. Canadian National Railway has a twelve month low of $92.57 and a twelve month high of $132.27. The company has a debt-to-equity ratio of 0.94, a current ratio of 0.66 and a quick ratio of 0.48.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last posted its quarterly earnings data on Thursday, January 30th. The transportation company reported $1.30 EPS for the quarter, missing analysts’ consensus estimates of $1.39 by ($0.09). Canadian National Railway had a return on equity of 22.48% and a net margin of 26.09%. On average, analysts anticipate that Canadian National Railway will post 5.52 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the business. Quintet Private Bank Europe S.A. bought a new position in Canadian National Railway in the 4th quarter valued at about $25,000. Arlington Trust Co LLC bought a new position in shares of Canadian National Railway in the fourth quarter valued at approximately $30,000. Lee Danner & Bass Inc. purchased a new position in shares of Canadian National Railway during the fourth quarter valued at approximately $30,000. Addison Advisors LLC grew its holdings in Canadian National Railway by 80.2% during the fourth quarter. Addison Advisors LLC now owns 319 shares of the transportation company’s stock worth $32,000 after buying an additional 142 shares in the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. raised its position 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 valued at $34,000 after buying an additional 108 shares during the last quarter. Institutional investors and hedge funds 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.