Canadian National Railway (NYSE:CNI) Given New $109.00 Price Target at Barclays

Canadian National Railway (NYSE:CNI) (TSE:CNR) had its price target lifted by stock analysts at Barclays from $99.00 to $109.00 in a research report issued to clients and investors on Thursday,Benzinga reports. The brokerage currently has an “equal weight” rating on the transportation company’s stock. Barclays‘s target price points to a potential downside of 9.42% from the company’s previous close.

A number of other research firms have also commented on CNI. Weiss Ratings raised Canadian National Railway from a “hold (c)” rating to a “hold (c+)” rating in a research note on Tuesday. Royal Bank Of Canada boosted their target price on shares of Canadian National Railway from $160.00 to $178.00 and gave the company an “outperform” rating in a research note on Thursday, April 30th. Citigroup upped their target price on shares of Canadian National Railway from $123.00 to $124.00 and gave the company a “buy” rating in a report on Thursday, April 30th. Canadian Imperial Bank of Commerce raised their price target on shares of Canadian National Railway from C$182.00 to C$185.00 and gave the stock an “outperformer” rating in a research note on Thursday. Finally, National Bank Financial set a $124.00 price target on shares of Canadian National Railway in a report on Thursday. Ten equities research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the stock. According to data from MarketBeat.com, Canadian National Railway presently has an average rating of “Moderate Buy” and an average price target of $126.12.

Canadian National Railway Price Performance

Shares of CNI traded up $4.42 during mid-day trading on Thursday, reaching $120.33. 1,819,438 shares of the company’s stock were exchanged, compared to its average volume of 1,619,559. The company has a quick ratio of 0.49, a current ratio of 0.67 and a debt-to-equity ratio of 0.95. Canadian National Railway has a 52-week low of $90.74 and a 52-week high of $122.48. The company has a market cap of $73.00 billion, a price-to-earnings ratio of 21.88, a PEG ratio of 2.20 and a beta of 0.96. The company has a 50-day simple moving average of $114.57 and a two-hundred day simple moving average of $106.74.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last posted its earnings results on Wednesday, April 29th. The transportation company reported $1.31 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $1.31. The firm had revenue of $3.15 billion for the quarter, compared to analyst estimates of $3.15 billion. Canadian National Railway had a return on equity of 21.90% and a net margin of 27.22%.Canadian National Railway’s revenue was down .5% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.85 EPS. On average, sell-side analysts predict that Canadian National Railway will post 5.76 EPS for the current fiscal year.

Institutional Trading of Canadian National Railway

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. High Point Wealth Management LLC acquired a new stake in shares of Canadian National Railway in the fourth quarter worth $27,000. MidFirst Bank acquired a new position in shares of Canadian National Railway during the 4th quarter valued at $31,000. Curio Wealth LLC purchased a new stake in Canadian National Railway during the 4th quarter worth $31,000. Caitong International Asset Management Co. Ltd boosted its position in 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 worth $35,000 after purchasing an additional 280 shares during the period. Finally, MBM Wealth Consultants LLC acquired a new stake in Canadian National Railway in the 1st quarter valued at $37,000. Hedge funds and other institutional investors own 80.74% of the company’s stock.

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.