Canadian National Railway (NYSE:CNI) Given New $110.00 Price Target at Jefferies Financial Group

Canadian National Railway (NYSE:CNI) (TSE:CNR) had its target price dropped by investment analysts at Jefferies Financial Group from $120.00 to $110.00 in a note issued to investors on Wednesday,Benzinga reports. The brokerage presently has a “buy” rating on the transportation company’s stock. Jefferies Financial Group’s target price would indicate a potential upside of 17.73% from the stock’s current price.

CNI has been the subject of several other reports. Bank of America decreased their price objective on shares of Canadian National Railway from $119.00 to $112.00 and set a “neutral” rating for the company in a research report on Wednesday, January 8th. Stifel Nicolaus lifted their price target on Canadian National Railway from $120.00 to $125.00 and gave the stock a “buy” rating in a report on Friday, January 31st. Evercore ISI upgraded Canadian National Railway from a “hold” rating to a “strong-buy” rating in a report on Thursday, December 19th. Wells Fargo & Company decreased their target price on Canadian National Railway from $125.00 to $123.00 and set an “overweight” rating for the company in a research note on Monday, January 13th. Finally, Susquehanna dropped their price target 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. Two analysts have rated the stock with a sell rating, seven have given a hold rating, seven have assigned a buy rating and four have issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $121.19.

Canadian National Railway Stock Up 0.8 %

NYSE:CNI traded up $0.77 during midday trading on Wednesday, reaching $93.43. The company had a trading volume of 123,097 shares, compared to its average volume of 1,257,165. Canadian National Railway has a 12-month low of $90.70 and a 12-month high of $132.27. The firm has a market capitalization of $58.71 billion, a price-to-earnings ratio of 18.29, a PEG ratio of 1.95 and a beta of 0.93. The company has a current ratio of 0.66, a quick ratio of 0.48 and a debt-to-equity ratio of 0.94. The stock’s fifty day simple moving average is $99.71 and its 200-day simple moving average is $105.34.

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

Hedge Funds Weigh In On Canadian National Railway

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Legacy Wealth Asset Management LLC lifted its stake in shares of Canadian National Railway by 46.4% in the 1st quarter. Legacy Wealth Asset Management LLC now owns 17,615 shares of the transportation company’s stock worth $1,717,000 after acquiring an additional 5,585 shares during the period. Pacifica Partners Inc. raised its holdings in Canadian National Railway by 2.1% during the first quarter. Pacifica Partners Inc. now owns 20,518 shares of the transportation company’s stock worth $2,016,000 after purchasing an additional 431 shares in the last quarter. GAMMA Investing LLC lifted its position in Canadian National Railway by 12,692.7% in the first quarter. GAMMA Investing LLC now owns 69,976 shares of the transportation company’s stock valued at $6,820,000 after purchasing an additional 69,429 shares during the period. Versant Capital Management Inc boosted its holdings in Canadian National Railway by 2,044.7% in the 1st quarter. Versant Capital Management Inc now owns 2,016 shares of the transportation company’s stock valued at $196,000 after purchasing an additional 1,922 shares in the last quarter. Finally, Legacy Wealth Management LLC MS acquired a new position in Canadian National Railway during the 1st quarter worth approximately $326,000. 80.74% of the stock is currently owned by hedge funds and other institutional investors.

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.