Canadian National Railway (NYSE:CNI) Given New $141.00 Price Target at Citigroup

Canadian National Railway (NYSE:CNI) (TSE:CNR) had its price target raised by research analysts at Citigroup from $124.00 to $141.00 in a report released on Thursday,Benzinga reports. The brokerage presently has a “buy” rating on the transportation company’s stock. Citigroup’s target price points to a potential upside of 13.27% from the stock’s previous close.

Other equities analysts have also issued research reports about the company. Canadian Imperial Bank of Commerce upped their price target on Canadian National Railway from C$182.00 to C$185.00 and gave the company an “outperformer” rating in a research note on Thursday, June 25th. Sanford C. Bernstein upped their price objective on Canadian National Railway from $113.88 to $117.36 and gave the company a “market perform” rating in a report on Tuesday, March 31st. Bank of America raised their target price on Canadian National Railway from $132.00 to $134.00 and gave the stock a “buy” rating in a report on Tuesday, June 23rd. Barclays upped their price target on Canadian National Railway from $99.00 to $109.00 and gave the company an “equal weight” rating in a research note on Thursday, June 25th. Finally, Evercore upgraded shares of Canadian National Railway from an “in-line” rating to an “outperform” rating and set a $124.00 price target on the stock in a research report on Thursday, June 25th. Ten research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Canadian National Railway currently has an average rating of “Moderate Buy” and a consensus price target of $129.94.

Canadian National Railway Price Performance

NYSE CNI traded up $1.80 on Thursday, hitting $124.48. 424,862 shares of the company were exchanged, compared to its average volume of 1,592,601. Canadian National Railway has a 1-year low of $90.74 and a 1-year high of $124.62. The firm has a 50 day moving average of $116.47 and a two-hundred day moving average of $108.36. The company has a current ratio of 0.67, a quick ratio of 0.49 and a debt-to-equity ratio of 0.95. The company has a market cap of $75.52 billion, a P/E ratio of 22.63, a P/E/G ratio of 2.31 and a beta of 0.96.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last released its quarterly earnings results on Wednesday, April 29th. The transportation company reported $1.31 EPS for the quarter, meeting the consensus estimate of $1.31. Canadian National Railway had a net margin of 27.22% and a return on equity of 21.90%. The business had revenue of $3.15 billion for the quarter, compared to analysts’ expectations of $3.15 billion. During the same period in the prior year, the firm earned $1.85 earnings per share. Canadian National Railway’s revenue was down .5% compared to the same quarter last year. On average, equities analysts predict that Canadian National Railway will post 5.75 EPS for the current year.

Hedge Funds Weigh In On Canadian National Railway

Several large investors have recently modified their holdings of CNI. High Point Wealth Management LLC acquired a new position in shares of Canadian National Railway during the 4th quarter worth $27,000. Curio Wealth LLC bought a new position in shares of Canadian National Railway in the fourth quarter worth about $31,000. MidFirst Bank bought a new position in shares of Canadian National Railway in the fourth quarter worth about $31,000. Caitong International Asset Management Co. Ltd grew its holdings 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 purchasing an additional 280 shares during the last quarter. Finally, MBM Wealth Consultants LLC bought a new position in Canadian National Railway in the 1st quarter valued at approximately $37,000. 80.74% of the stock is owned by 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.