Canadian National Railway (NYSE:CNI) Price Target Raised to $124.00

Canadian National Railway (NYSE:CNI) (TSE:CNR) had its price target lifted by equities research analysts at Citigroup from $117.00 to $124.00 in a research report issued to clients and investors on Monday,BayStreet.CA reports. The firm currently has a “buy” rating on the transportation company’s stock. Citigroup’s price objective points to a potential upside of 18.06% from the stock’s previous close.

CNI has been the subject of a number of other reports. Jefferies Financial Group decreased their target price on Canadian National Railway from $120.00 to $110.00 and set a “buy” rating for the company in a research report on Wednesday, April 9th. Royal Bank of Canada reissued an “outperform” rating and issued a $163.00 price objective on shares of Canadian National Railway in a research note on Thursday. Stifel Nicolaus lowered their target price on Canadian National Railway from $125.00 to $115.00 and set a “buy” rating on the stock in a research report on Monday, April 14th. Raymond James downgraded shares of Canadian National Railway from a “moderate buy” rating to a “hold” rating in a research report on Tuesday, April 22nd. Finally, Bank of America raised their price objective on shares of Canadian National Railway from $105.00 to $115.00 and gave the company a “neutral” rating in a research note on Friday, May 16th. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating, nine have given a buy rating and three have given a strong buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $120.36.

Canadian National Railway Stock Up 0.7%

Shares of Canadian National Railway stock traded up $0.76 on Monday, reaching $105.03. 588,302 shares of the company were exchanged, compared to its average volume of 1,329,129. The company has a 50-day moving average of $101.11 and a 200 day moving average of $102.04. 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 company has a market capitalization of $66.01 billion, a price-to-earnings ratio of 20.51, a PEG ratio of 1.95 and a beta of 0.98. Canadian National Railway has a one year low of $91.65 and a one year high of $125.87.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last posted its earnings results on Thursday, May 1st. The transportation company reported $1.29 EPS for the quarter, topping the consensus estimate of $1.26 by $0.03. The business had revenue of $3.06 billion for the quarter, compared to the consensus estimate of $4.38 billion. Canadian National Railway had a net margin of 26.09% and a return on equity of 22.48%. The firm’s revenue was up 3.6% compared to the same quarter last year. During the same period last year, the company earned $1.72 EPS. On average, equities research analysts forecast that Canadian National Railway will post 5.52 earnings per share for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the company. Quintet Private Bank Europe S.A. bought a new position in shares of Canadian National Railway during the 4th quarter worth $25,000. Arlington Trust Co LLC purchased a new position in Canadian National Railway in the fourth quarter valued at about $30,000. Lee Danner & Bass Inc. purchased a new stake in shares of Canadian National Railway during the fourth quarter valued at about $30,000. Addison Advisors LLC boosted its holdings in shares of Canadian National Railway by 80.2% in the 4th quarter. Addison Advisors LLC now owns 319 shares of the transportation company’s stock valued at $32,000 after buying an additional 142 shares in the last quarter. Finally, Dagco Inc. bought a new position in shares of Canadian National Railway during the 1st quarter worth approximately $32,000. Institutional investors own 80.74% of the company’s stock.

Canadian National Railway Company Profile

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.