Canadian National Railway (NYSE:CNI) Price Target Raised to C$182.00

Canadian National Railway (NYSE:CNI) (TSE:CNR) had its price target hoisted by stock analysts at Canadian Imperial Bank of Commerce from C$164.00 to C$182.00 in a note issued to investors on Tuesday,Benzinga reports. The brokerage currently has an “outperformer” rating on the transportation company’s stock.

CNI has been the topic of several other research reports. Citigroup boosted their target price on shares of Canadian National Railway from $123.00 to $124.00 and gave the stock a “buy” rating in a report on Thursday, April 30th. Barclays lifted their price objective on shares of Canadian National Railway from $98.00 to $99.00 and gave the stock an “equal weight” rating in a research report on Thursday, April 30th. Royal Bank Of Canada boosted their price objective on shares of Canadian National Railway from $160.00 to $178.00 and gave the stock an “outperform” rating in a research note on Thursday, April 30th. Bank of America upgraded shares of Canadian National Railway from a “neutral” rating to a “buy” rating and raised their target price for the company from $117.00 to $122.00 in a research note on Thursday, April 9th. Finally, Sanford C. Bernstein lifted their price target on shares of Canadian National Railway from $113.88 to $117.36 and gave the stock a “market perform” rating in a report on Tuesday, March 31st. Nine research analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $122.04.

Canadian National Railway Trading Down 0.3%

Shares of CNI traded down $0.32 during trading hours on Tuesday, reaching $120.49. 1,559,300 shares of the company traded hands, compared to its average volume of 1,604,120. The firm has a market cap of $73.23 billion, a price-to-earnings ratio of 21.92, a PEG ratio of 2.31 and a beta of 0.96. Canadian National Railway has a 12-month low of $90.74 and a 12-month high of $122.48. The stock’s fifty day moving average price is $111.96 and its 200 day moving average price is $104.89. The company has a current ratio of 0.67, a quick ratio of 0.49 and a debt-to-equity ratio of 0.95.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last issued its earnings results on Wednesday, April 29th. The transportation company reported $1.31 earnings per share for the quarter, hitting the consensus estimate of $1.31. The business had revenue of $3.15 billion during the quarter, compared to analysts’ expectations of $3.15 billion. Canadian National Railway had a return on equity of 21.90% and a net margin of 27.22%.The business’s revenue for the quarter was down .5% compared to the same quarter last year. During the same period in the prior year, the business earned $1.85 EPS. Sell-side analysts forecast that Canadian National Railway will post 5.76 earnings per share for the current year.

Institutional Trading of Canadian National Railway

A number of hedge funds have recently added to or reduced their stakes in the company. High Point Wealth Management LLC acquired a new stake in Canadian National Railway in the fourth quarter valued at approximately $27,000. Costello Asset Management INC raised its stake in shares of Canadian National Railway by 83.3% during the 3rd quarter. Costello Asset Management INC now owns 330 shares of the transportation company’s stock worth $31,000 after buying an additional 150 shares during the period. Curio Wealth LLC acquired a new position in shares of Canadian National Railway during the 4th quarter worth approximately $31,000. MidFirst Bank purchased a new position in shares of Canadian National Railway during the 4th quarter valued at approximately $31,000. Finally, Caitong International Asset Management Co. Ltd lifted its position in shares of Canadian National Railway by 378.4% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 354 shares of the transportation company’s stock valued at $35,000 after buying an additional 280 shares in the last quarter. 80.74% of the stock is owned by hedge funds and other institutional investors.

About Canadian National Railway

Canadian National Railway Company (NYSE: CNI) is a Class I freight railway that operates an integrated rail network across Canada and the United States. Headquartered in Montreal, Quebec, CN provides long-haul freight transportation and related logistics services that connect major ports, industrial centers and inland markets throughout North America. Its transcontinental system enables cross-border movement of goods and supports supply chains that span coast-to-coast in Canada and into the central and eastern United States.

CN’s core business is the railborne transportation of a broad mix of commodities, including intermodal container traffic, forest and paper products, grain and other agricultural products, metallurgical and industrial products, petroleum and chemical products, coal and automotive shipments.