Canadian National Railway (NYSE:CNI) Price Target Cut to $115.00 by Analysts at Susquehanna

Canadian National Railway (NYSE:CNI) (TSE:CNR) had its target price cut by Susquehanna from $125.00 to $115.00 in a report released on Wednesday,Benzinga reports. The firm currently has a “neutral” rating on the transportation company’s stock. Susquehanna’s target price indicates a potential upside of 11.84% from the company’s previous close.

Several other analysts also recently issued reports on the company. Royal Bank of Canada raised Canadian National Railway from a “sector perform” rating to an “outperform” rating in a research note on Thursday, October 10th. Sanford C. Bernstein cut their target price on shares of Canadian National Railway from $130.67 to $126.29 and set a “market perform” rating for the company in a research note on Wednesday, October 9th. Veritas upgraded shares of Canadian National Railway from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, October 23rd. Evercore ISI upgraded Canadian National Railway from a “hold” rating to a “strong-buy” rating in a research report on Thursday, December 19th. Finally, Citigroup upgraded Canadian National Railway from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $126.00 to $130.00 in a research report on Tuesday, November 12th. One analyst has rated the stock with a sell rating, twelve have issued a hold rating, five have issued a buy rating and three have given a strong buy rating to the stock. According to data from MarketBeat.com, Canadian National Railway currently has a consensus rating of “Hold” and a consensus price target of $125.02.

Canadian National Railway Price Performance

NYSE:CNI traded down $1.51 during trading hours on Wednesday, hitting $102.83. 182,603 shares of the stock traded hands, compared to its average volume of 948,246. The company has a market cap of $64.69 billion, a price-to-earnings ratio of 16.48, a price-to-earnings-growth ratio of 2.43 and a beta of 0.91. Canadian National Railway has a 1 year low of $98.96 and a 1 year high of $134.02. The stock has a 50 day moving average price of $106.84 and a 200 day moving average price of $112.77. The company has a quick ratio of 0.49, a current ratio of 0.64 and a debt-to-equity ratio of 0.96.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last issued its 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. Canadian National Railway had a net margin of 31.65% and a return on equity of 23.62%. The company had revenue of $4.11 billion during the quarter, compared to the consensus estimate of $4.08 billion. During the same quarter in the prior year, the firm posted $1.26 EPS. Canadian National Railway’s quarterly revenue was up 3.1% compared to the same quarter last year. Sell-side analysts forecast that Canadian National Railway will post 5.31 EPS for the current fiscal year.

Institutional Trading of Canadian National Railway

Institutional investors have recently modified their holdings of the company. Private Advisor Group LLC grew its holdings in shares of Canadian National Railway by 1.5% during the second quarter. Private Advisor Group LLC now owns 10,412 shares of the transportation company’s stock valued at $1,230,000 after buying an additional 149 shares during the last quarter. Caprock Group LLC acquired a new stake in shares of Canadian National Railway during the second quarter worth about $522,000. Choreo LLC boosted its position in Canadian National Railway by 118.2% in the second quarter. Choreo LLC now owns 14,021 shares of the transportation company’s stock valued at $1,637,000 after buying an additional 7,594 shares during the last quarter. LGT Fund Management Co Ltd. acquired a new position in Canadian National Railway in the 2nd quarter worth approximately $285,000. Finally, Dorsey & Whitney Trust CO LLC raised its position in Canadian National Railway by 23.4% during the 2nd quarter. Dorsey & Whitney Trust CO LLC now owns 2,826 shares of the transportation company’s stock worth $334,000 after buying an additional 536 shares during the last quarter. 80.74% of the stock is currently owned by institutional investors.

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.