Canadian National Railway (NYSE:CNI) PT Lowered to $116.00

Canadian National Railway (NYSE:CNI) (TSE:CNR) had its target price decreased by investment analysts at Evercore ISI from $119.00 to $116.00 in a research note issued to investors on Wednesday, Benzinga reports. The brokerage presently has an “in-line” rating on the transportation company’s stock. Evercore ISI’s price objective suggests a potential upside of 4.66% from the stock’s current price.

Several other equities analysts have also issued reports on the company. Barclays lifted their price target on Canadian National Railway from $120.00 to $121.00 and gave the stock an “equal weight” rating in a research report on Wednesday, September 25th. National Bank Financial upgraded shares of Canadian National Railway from a “sector perform” rating to an “outperform” rating in a research note on Thursday, June 27th. The Goldman Sachs Group reduced their price target on shares of Canadian National Railway from $131.00 to $124.00 and set a “sell” rating for the company in a research report on Wednesday, October 9th. Scotiabank raised Canadian National Railway from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, July 10th. Finally, Wells Fargo & Company raised Canadian National Railway from an “equal weight” rating to an “overweight” rating and set a $125.00 target price for the company in a report on Monday, October 7th. One research analyst has rated the stock with a sell rating, fifteen have issued a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $125.18.

Canadian National Railway Trading Down 1.0 %

NYSE:CNI opened at $110.83 on Wednesday. Canadian National Railway has a one year low of $103.96 and a one year high of $134.02. The company’s 50-day simple moving average is $116.02 and its 200 day simple moving average is $119.72. The firm has a market capitalization of $69.80 billion, a P/E ratio of 17.76, a PEG ratio of 2.50 and a beta of 0.88. The company has a debt-to-equity ratio of 0.93, a current ratio of 0.63 and a quick ratio of 0.48.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last posted its quarterly earnings results on Tuesday, October 22nd. The transportation company reported $1.72 earnings per share for the quarter, topping the consensus estimate of $1.70 by $0.02. The company had revenue of $4.11 billion for the quarter, compared to the consensus estimate of $4.08 billion. Canadian National Railway had a return on equity of 23.49% and a net margin of 31.65%. The firm’s quarterly revenue was up 3.1% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.26 EPS. As a group, analysts forecast that Canadian National Railway will post 5.5 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the business. Manning & Napier Advisors LLC purchased a new position in Canadian National Railway during the second quarter valued at $134,096,000. Koshinski Asset Management Inc. bought a new position in shares of Canadian National Railway during the 1st quarter valued at approximately $627,000. Mediolanum International Funds Ltd purchased a new stake in Canadian National Railway in the 1st quarter worth approximately $4,451,000. Sterling Investment Management LLC raised its stake in Canadian National Railway by 17.2% during the 3rd quarter. Sterling Investment Management LLC now owns 36,279 shares of the transportation company’s stock worth $4,250,000 after acquiring an additional 5,329 shares during the period. Finally, Sumitomo Life Insurance Co. purchased a new position in Canadian National Railway during the second quarter valued at approximately $1,321,000. Hedge funds and other 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.