Canadian National Railway (NYSE:CNI) Price Target Cut to $120.00 by Analysts at Barclays

Canadian National Railway (NYSE:CNI) (TSE:CNR) had its target price cut by equities researchers at Barclays from $128.00 to $120.00 in a research report issued to clients and investors on Wednesday, Benzinga reports. The brokerage presently has an “equal weight” rating on the transportation company’s stock. Barclays‘s price objective points to a potential upside of 4.62% from the company’s current price.

Several other equities research analysts have also issued reports on CNI. Wells Fargo & Company decreased their price target on shares of Canadian National Railway from $130.00 to $125.00 and set an “equal weight” rating for the company in a research note on Wednesday. Bank of America upgraded Canadian National Railway from a “neutral” rating to a “buy” rating and lifted their price target for the company from $140.00 to $145.00 in a research report on Wednesday, April 10th. Jefferies Financial Group assumed coverage on shares of Canadian National Railway in a research report on Monday, April 8th. They set a “hold” rating and a $130.00 price objective on the stock. Scotiabank upgraded Canadian National Railway from a “hold” rating to a “strong-buy” rating in a report on Wednesday, July 10th. Finally, Susquehanna cut their target price on Canadian National Railway from $135.00 to $130.00 and set a “neutral” rating for the company in a research note on Wednesday. Eighteen analysts have rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $146.98.

Canadian National Railway Price Performance

NYSE CNI traded down $5.28 on Wednesday, hitting $114.70. 1,865,688 shares of the company were exchanged, compared to its average volume of 1,067,987. Canadian National Railway has a 1-year low of $103.96 and a 1-year high of $134.02. The company has a current ratio of 0.60, a quick ratio of 0.46 and a debt-to-equity ratio of 0.84. The company has a market cap of $72.54 billion, a P/E ratio of 18.34, a P/E/G ratio of 2.32 and a beta of 0.89. The firm has a 50 day moving average of $121.97 and a two-hundred day moving average of $125.70.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last posted its earnings results on Tuesday, April 23rd. The transportation company reported $1.28 earnings per share for the quarter, topping analysts’ consensus estimates of $1.27 by $0.01. Canadian National Railway had a net margin of 32.81% and a return on equity of 23.27%. The firm had revenue of $3.15 billion for the quarter, compared to analysts’ expectations of $3.16 billion. On average, equities analysts predict that Canadian National Railway will post 5.84 EPS for the current year.

Hedge Funds Weigh In On Canadian National Railway

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Vanguard Group Inc. boosted its stake in shares of Canadian National Railway by 1.8% during the 4th quarter. Vanguard Group Inc. now owns 22,395,401 shares of the transportation company’s stock worth $2,813,534,000 after acquiring an additional 387,975 shares during the last quarter. Wellington Management Group LLP grew its holdings in Canadian National Railway by 9.6% during the fourth quarter. Wellington Management Group LLP now owns 21,868,740 shares of the transportation company’s stock valued at $2,761,473,000 after purchasing an additional 1,907,938 shares during the period. FIL Ltd increased its position in Canadian National Railway by 7.2% in the fourth quarter. FIL Ltd now owns 19,189,809 shares of the transportation company’s stock worth $2,412,032,000 after buying an additional 1,280,726 shares in the last quarter. TD Asset Management Inc raised its stake in shares of Canadian National Railway by 2.8% in the fourth quarter. TD Asset Management Inc now owns 11,651,919 shares of the transportation company’s stock worth $1,471,733,000 after buying an additional 314,600 shares during the period. Finally, Capital International Investors lifted its position in shares of Canadian National Railway by 18.1% during the 1st quarter. Capital International Investors now owns 9,003,537 shares of the transportation company’s stock valued at $1,185,647,000 after buying an additional 1,379,976 shares in the last quarter. 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.