Barclays Forecasts Strong Price Appreciation for Canadian National Railway (NYSE:CNI) Stock

Canadian National Railway (NYSE:CNI) (TSE:CNR) had its target price increased by research analysts at Barclays from $130.00 to $132.00 in a report issued on Monday, Benzinga reports. The firm currently has an “equal weight” rating on the transportation company’s stock. Barclays‘s price objective suggests a potential upside of 4.05% from the company’s previous close.

A number of other research firms also recently issued reports on CNI. Bank of America reduced their price target on shares of Canadian National Railway from $146.00 to $143.00 and set a “buy” rating for the company in a research report on Wednesday, September 23rd. Royal Bank Of Canada upped their price target on Canadian National Railway from $195.00 to $205.00 and gave the stock an “outperform” rating in a report on Monday, July 27th. Susquehanna lowered their price target on Canadian National Railway from $142.00 to $130.00 and set a “neutral” rating on the stock in a report on Friday, October 2nd. Citigroup raised their price objective on Canadian National Railway from $143.00 to $145.00 and gave the company a “buy” rating in a research note on Monday. Finally, Citizens Jmp started coverage on Canadian National Railway in a report on Wednesday, July 15th. They set a “market perform” rating for the company. Nine research analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $137.85.

Canadian National Railway Price Performance

Shares of CNI traded up $3.17 during trading hours on Monday, reaching $126.86. The company had a trading volume of 807,517 shares, compared to its average volume of 1,497,641. The company has a current ratio of 0.87, a quick ratio of 0.61 and a debt-to-equity ratio of 0.99. Canadian National Railway has a 12-month low of $90.74 and a 12-month high of $131.55. The firm has a 50 day simple moving average of $121.69 and a 200-day simple moving average of $115.34. The company has a market capitalization of $76.44 billion, a price-to-earnings ratio of 22.09, a PEG ratio of 2.22 and a beta of 0.90.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last released its quarterly earnings data on Friday, October 30th. The transportation company reported $1.54 EPS for the quarter, topping analysts’ consensus estimates of $1.49 by $0.05. Canadian National Railway had a net margin of 26.42% and a return on equity of 22.84%. The firm had revenue of $3.35 billion for the quarter, compared to the consensus estimate of $3.27 billion. During the same quarter in the previous year, the firm earned $1.83 earnings per share. The firm’s revenue was down 99.9% on a year-over-year basis. Research analysts expect that Canadian National Railway will post 5.80 earnings per share for the current year.

Hedge Funds Weigh In On Canadian National Railway

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Two Sigma Securities LLC raised its holdings in Canadian National Railway by 179.9% in the second quarter. Two Sigma Securities LLC now owns 14,684 shares of the transportation company’s stock valued at $1,751,000 after buying an additional 9,438 shares during the period. Great Lakes Advisors LLC acquired a new position in Canadian National Railway in the 2nd quarter worth $9,308,000. Puzo Michael J acquired a new position in shares of Canadian National Railway in the second quarter worth about $5,915,000. Canandaigua National Bank & Trust Co. acquired a new position in shares of Canadian National Railway in the 2nd quarter valued at approximately $1,948,000. Finally, Cardinal Capital Management Inc. boosted its stake in Canadian National Railway by 5.8% during the 2nd quarter. Cardinal Capital Management Inc. now owns 1,254,252 shares of the transportation company’s stock valued at $149,384,000 after acquiring an additional 68,791 shares during the last quarter. Institutional investors and hedge funds own 80.74% of the company’s stock.

Canadian National Railway Company Profile

Canadian National Railway Company (NYSE: CNI) is a transportation and logistics company that operates a major freight railway network across Canada and the United States. The company provides rail, intermodal and related transportation services for shippers, connecting production and consumption centers with ports and distribution hubs.

CN transports a broad range of commodities and manufactured goods, including petroleum and chemicals, grain and fertilizers, forest products, metals and minerals, coal, automotive products and consumer goods.