Canadian National Railway (NYSE:CNI) Price Target Raised to $101.00 at Barclays

Canadian National Railway (NYSE:CNI) (TSE:CNR) had its price objective raised by Barclays from $97.00 to $101.00 in a report released on Thursday,Benzinga reports. The brokerage presently has an “equal weight” rating on the transportation company’s stock. Barclays‘s target price suggests a potential upside of 2.32% from the company’s previous close.

A number of other research analysts also recently commented on CNI. Weiss Ratings restated a “hold (c-)” rating on shares of Canadian National Railway in a research note on Wednesday, October 8th. Zacks Research upgraded Canadian National Railway from a “strong sell” rating to a “hold” rating in a report on Friday, November 28th. Wells Fargo & Company decreased their target price on Canadian National Railway from $117.00 to $110.00 and set an “overweight” rating for the company in a research report on Monday, October 6th. CIBC raised Canadian National Railway from a “neutral” rating to an “outperformer” rating and boosted their price objective for the stock from $146.00 to $151.00 in a research report on Friday, November 28th. Finally, Wall Street Zen upgraded Canadian National Railway from a “sell” rating to a “hold” rating in a research note on Saturday, October 18th. One research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, nine have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $117.64.

Canadian National Railway Stock Up 1.1%

NYSE CNI traded up $1.06 during trading on Thursday, reaching $98.71. 464,697 shares of the company’s stock were exchanged, compared to its average volume of 1,031,048. The company has a current ratio of 0.60, a quick ratio of 0.42 and a debt-to-equity ratio of 0.92. Canadian National Railway has a fifty-two week low of $90.74 and a fifty-two week high of $108.75. The company’s fifty day simple moving average is $97.04 and its 200-day simple moving average is $96.63. The firm has a market capitalization of $60.65 billion, a PE ratio of 18.73, a P/E/G ratio of 2.02 and a beta of 0.96.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last posted its quarterly earnings results on Friday, October 31st. The transportation company reported $1.33 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.28 by $0.05. The business had revenue of $2.99 billion during the quarter, compared to analyst estimates of $4.15 billion. Canadian National Railway had a net margin of 26.86% and a return on equity of 21.50%. The firm’s revenue was up 1.3% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.72 earnings per share. Sell-side analysts predict that Canadian National Railway will post 5.52 EPS for the current year.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the stock. Addison Advisors LLC lifted its stake in shares of Canadian National Railway by 124.0% during the second quarter. Addison Advisors LLC now owns 271 shares of the transportation company’s stock valued at $28,000 after acquiring an additional 150 shares during the period. Hollencrest Capital Management bought a new position in shares of Canadian National Railway in the 3rd quarter worth $28,000. Curio Wealth LLC grew its stake in shares of Canadian National Railway by 31,600.0% during the second quarter. Curio Wealth LLC now owns 317 shares of the transportation company’s stock worth $33,000 after purchasing an additional 316 shares during the period. First Horizon Corp acquired a new position in shares of Canadian National Railway during the 3rd quarter worth about $30,000. Finally, Costello Asset Management INC increased its stake in shares of Canadian National Railway by 83.3% in the 3rd quarter. Costello Asset Management INC now owns 330 shares of the transportation company’s stock valued at $31,000 after acquiring an additional 150 shares during the last quarter. 80.74% of the stock is currently owned by institutional investors and hedge funds.

Canadian National Railway Company Profile

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.