Canadian National Railway (NYSE:CNI) Trading Down 4.8%

Canadian National Railway (NYSE:CNI) (TSE:CNR) fell 4.8% during mid-day trading on Wednesday . The stock traded as low as $123.01 and last traded at $123.13. 975,850 shares changed hands during trading, a decline of 2% from the average session volume of 1,000,297 shares. The stock had previously closed at $129.40.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on CNI shares. CIBC cut Canadian National Railway from a “sector outperform” rating to a “neutral” rating in a report on Wednesday, January 10th. Jefferies Financial Group began coverage on shares of Canadian National Railway in a research note on Monday, April 8th. They set a “hold” rating and a $130.00 price objective for the company. Barclays upped their price target on shares of Canadian National Railway from $127.00 to $130.00 and gave the stock an “equal weight” rating in a research report on Thursday, April 4th. Susquehanna raised their price objective on Canadian National Railway from $140.00 to $142.00 and gave the company a “neutral” rating in a research report on Wednesday. Finally, Bank of America raised Canadian National Railway from a “neutral” rating to a “buy” rating and upped their target price for the stock from $140.00 to $145.00 in a research report on Wednesday, April 10th. Eighteen research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $147.86.

Canadian National Railway Price Performance

The stock has a market cap of $78.47 billion, a price-to-earnings ratio of 19.34, a PEG ratio of 2.25 and a beta of 0.88. The company has a 50 day simple moving average of $129.80 and a 200-day simple moving average of $122.20. The company has a quick ratio of 0.47, a current ratio of 0.61 and a debt-to-equity ratio of 0.80.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last announced 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 firm had revenue of $3.28 billion for the quarter, compared to analysts’ expectations 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, research analysts anticipate that Canadian National Railway will post 5.94 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the business. Simplicity Wealth LLC bought a new position in shares of Canadian National Railway during the first quarter valued at approximately $797,000. Spire Wealth Management grew its stake in Canadian National Railway by 10.7% during the 1st quarter. Spire Wealth Management now owns 5,458 shares of the transportation company’s stock worth $719,000 after buying an additional 526 shares during the last quarter. First Pacific Financial increased its position in Canadian National Railway by 2.8% in the first quarter. First Pacific Financial now owns 5,566 shares of the transportation company’s stock worth $733,000 after buying an additional 154 shares during the period. Bfsg LLC lifted its stake in Canadian National Railway by 110.5% in the first quarter. Bfsg LLC now owns 200 shares of the transportation company’s stock valued at $26,000 after buying an additional 105 shares during the last quarter. Finally, WASHINGTON TRUST Co boosted its holdings in shares of Canadian National Railway by 207.9% during the first quarter. WASHINGTON TRUST Co now owns 705 shares of the transportation company’s stock valued at $93,000 after acquiring an additional 476 shares during the period. 80.74% of the stock is currently owned by 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.