Canadian National Railway (NYSE:CNI) Price Target Cut to $130.00 by Analysts at Susquehanna

Canadian National Railway (NYSE:CNI) (TSE:CNR) had its price objective decreased by research analysts at Susquehanna from $142.00 to $130.00 in a research note issued to investors on Friday, Benzinga reports. The firm presently has a “neutral” rating on the transportation company’s stock. Susquehanna’s price objective points to a potential upside of 10.91% from the stock’s current price.

A number of other analysts have also weighed in on the stock. Barclays raised their price target on shares of Canadian National Railway from $109.00 to $130.00 and gave the company an “equal weight” rating in a report on Monday, July 27th. Stephens upgraded Canadian National Railway to a “hold” rating in a research report on Wednesday, July 8th. Royal Bank Of Canada lifted their target price on Canadian National Railway from $195.00 to $205.00 and gave the company an “outperform” rating in a research note on Monday, July 27th. Canadian Imperial Bank of Commerce boosted their target price on Canadian National Railway from C$182.00 to C$185.00 and gave the stock an “outperformer” rating in a research report on Thursday, June 25th. Finally, Citigroup upped their price target on Canadian National Railway from $124.00 to $141.00 and gave the company a “buy” rating in a research note on Thursday, July 9th. Nine research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company’s stock. According to MarketBeat, Canadian National Railway currently has an average rating of “Moderate Buy” and an average price target of $137.31.

Canadian National Railway Trading Down 1.4%

Shares of NYSE:CNI opened at $117.21 on Friday. The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.61 and a current ratio of 0.87. The stock has a market capitalization of $70.80 billion, a price-to-earnings ratio of 20.78, a PEG ratio of 2.12 and a beta of 0.96. Canadian National Railway has a 1-year low of $90.74 and a 1-year high of $131.55. The company has a 50 day moving average price of $124.27 and a 200 day moving average price of $117.77.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last posted its quarterly earnings results on Friday, July 24th. The transportation company reported $1.50 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.39 by $0.11. Canadian National Railway had a return on equity of 22.22% and a net margin of 26.92%.The company had revenue of $3.35 billion for the quarter, compared to analysts’ expectations of $3.26 billion. During the same quarter in the prior year, the company earned $1.87 earnings per share. The firm’s revenue was up 11.3% on a year-over-year basis. On average, research analysts anticipate that Canadian National Railway will post 5.82 EPS for the current fiscal year.

Institutional Trading of Canadian National Railway

Large investors have recently bought and sold shares of the business. Lazard Asset Management LLC lifted its stake in Canadian National Railway by 2.0% in the first quarter. Lazard Asset Management LLC now owns 9,077,518 shares of the transportation company’s stock valued at $934,488,000 after buying an additional 173,894 shares in the last quarter. Deutsche Bank AG boosted its stake in Canadian National Railway by 15.1% in the 4th quarter. Deutsche Bank AG now owns 8,998,101 shares of the transportation company’s stock worth $889,462,000 after purchasing an additional 1,182,106 shares during the period. Fiera Capital Corp increased its holdings in Canadian National Railway by 2.7% during the 4th quarter. Fiera Capital Corp now owns 6,648,582 shares of the transportation company’s stock worth $657,784,000 after purchasing an additional 176,872 shares in the last quarter. Arrowstreet Capital Limited Partnership raised its stake in shares of Canadian National Railway by 2.9% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 6,165,148 shares of the transportation company’s stock valued at $609,582,000 after purchasing an additional 173,410 shares during the period. Finally, TD Waterhouse Canada Inc. lifted its holdings in shares of Canadian National Railway by 2.8% in the second quarter. TD Waterhouse Canada Inc. now owns 4,297,955 shares of the transportation company’s stock valued at $514,643,000 after purchasing an additional 116,530 shares in the last quarter. 80.74% of the stock is owned by institutional investors.

Canadian National Railway Company Profile

Canadian National Railway Company (NYSE:CNI) is a transportation and logistics company that operates a major freight rail network in Canada and the United States. Its network connects the Atlantic, Pacific and Gulf coasts, serving ports, industrial centers, agricultural regions and major population markets.

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