Canadian National Railway (NYSE:CNI) Given New $140.00 Price Target at Susquehanna

Canadian National Railway (NYSE:CNI) (TSE:CNR) had its price objective decreased by investment analysts at Susquehanna from $143.00 to $140.00 in a research note issued on Thursday, Benzinga reports. The brokerage presently has a “neutral” rating on the transportation company’s stock. Susquehanna’s price target would suggest a potential upside of 5.80% from the stock’s current price.

A number of other equities analysts have also issued reports on CNI. Citigroup raised their price target on Canadian National Railway from $121.00 to $128.00 and gave the stock a “neutral” rating in a report on Wednesday, January 24th. Stephens lifted their price target on shares of Canadian National Railway from $122.00 to $135.00 and gave the company an “equal weight” rating in a research report on Thursday, January 4th. CIBC downgraded shares of Canadian National Railway from a “sector outperform” rating to a “neutral” rating in a research report on Wednesday, January 10th. Susquehanna Bancshares raised their price objective on shares of Canadian National Railway from $115.00 to $143.00 and gave the stock a “neutral” rating in a research note on Monday, January 8th. Finally, Bank of America raised their price objective on shares of Canadian National Railway from $131.00 to $140.00 and gave the stock a “neutral” rating in a research note on Thursday, March 21st. Seventeen equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $146.70.

Canadian National Railway Stock Up 0.5 %

Shares of CNI stock traded up $0.67 on Thursday, reaching $132.32. 196,979 shares of the stock were exchanged, compared to its average volume of 997,381. The company has a current ratio of 0.61, a quick ratio of 0.47 and a debt-to-equity ratio of 0.80. The business’s 50 day moving average price is $128.25 and its 200 day moving average price is $119.47. The company has a market capitalization of $84.73 billion, a price-to-earnings ratio of 20.88, a PEG ratio of 2.32 and a beta of 0.88. Canadian National Railway has a twelve month low of $103.96 and a twelve month high of $134.02.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last issued its quarterly earnings data on Tuesday, January 23rd. The transportation company reported $1.48 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.46 by $0.02. The company had revenue of $3.28 billion for the quarter, compared to analyst estimates of $3.25 billion. Canadian National Railway had a return on equity of 23.56% and a net margin of 33.38%. As a group, sell-side analysts expect that Canadian National Railway will post 5.96 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Canadian National Railway

Hedge funds and other institutional investors have recently made changes to their positions in the business. Ascent Group LLC lifted its holdings in Canadian National Railway by 2.2% in the 3rd quarter. Ascent Group LLC now owns 4,005 shares of the transportation company’s stock worth $474,000 after buying an additional 87 shares in the last quarter. Baird Financial Group Inc. raised its stake in shares of Canadian National Railway by 0.3% in the 3rd quarter. Baird Financial Group Inc. now owns 28,401 shares of the transportation company’s stock valued at $3,067,000 after purchasing an additional 88 shares in the last quarter. PDS Planning Inc raised its stake in shares of Canadian National Railway by 2.0% in the 4th quarter. PDS Planning Inc now owns 4,566 shares of the transportation company’s stock valued at $574,000 after purchasing an additional 89 shares in the last quarter. SRS Capital Advisors Inc. raised its stake in shares of Canadian National Railway by 2.9% in the 2nd quarter. SRS Capital Advisors Inc. now owns 3,123 shares of the transportation company’s stock valued at $378,000 after purchasing an additional 89 shares in the last quarter. Finally, State of Wyoming raised its stake in shares of Canadian National Railway by 11.7% in the 4th quarter. State of Wyoming now owns 867 shares of the transportation company’s stock valued at $103,000 after purchasing an additional 91 shares in 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.