Canadian National Railway (NYSE:CNI) PT Raised to $142.00 at Susquehanna

Canadian National Railway (NYSE:CNI) (TSE:CNR) had its target price hoisted by Susquehanna from $140.00 to $142.00 in a report released on Wednesday morning, Benzinga reports. The brokerage currently has a neutral rating on the transportation company’s stock.

Other analysts have also recently issued research reports about the stock. TD Securities cut shares of Canadian National Railway from a buy rating to a hold rating in a research report on Monday, January 8th. Bank of America upgraded shares of Canadian National Railway from a neutral rating to a buy rating and upped their target price for the company from $140.00 to $145.00 in a research report on Wednesday, April 10th. Jefferies Financial Group began coverage on shares of Canadian National Railway in a research report on Monday, April 8th. They set a hold rating and a $130.00 target price for the company. Barclays upped their target price on shares of Canadian National Railway from $127.00 to $130.00 and gave the company an equal weight rating in a research report on Thursday, April 4th. Finally, Benchmark reiterated a hold rating on shares of Canadian National Railway in a research report on Wednesday, April 10th. Eighteen research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat, Canadian National Railway currently has an average rating of Hold and an average target price of $147.86.

Canadian National Railway Stock Down 5.1 %

NYSE:CNI opened at $122.80 on Wednesday. The stock’s fifty day moving average price is $129.68 and its two-hundred day moving average price is $122.20. Canadian National Railway has a 52-week low of $103.96 and a 52-week high of $134.02. The company has a debt-to-equity ratio of 0.80, a quick ratio of 0.47 and a current ratio of 0.61. The company has a market cap of $78.43 billion, a price-to-earnings ratio of 19.59, a P/E/G ratio of 2.26 and a beta of 0.88.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last posted its quarterly earnings data on Tuesday, January 23rd. The transportation company reported $1.48 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.46 by $0.02. Canadian National Railway had a return on equity of 23.17% and a net margin of 32.81%. The firm had revenue of $3.28 billion for the quarter, compared to the consensus estimate of $3.25 billion. On average, analysts anticipate that Canadian National Railway will post 5.93 EPS for the current year.

Hedge Funds Weigh In On Canadian National Railway

A number of large investors have recently modified their holdings of the business. Vanguard Group Inc. boosted its stake in shares of Canadian National Railway by 1.8% during the 4th quarter. Vanguard Group Inc. now owns 22,395,401 shares of the transportation company’s stock worth $2,813,534,000 after buying an additional 387,975 shares during the last quarter. Wellington Management Group LLP boosted its stake in shares of Canadian National Railway by 9.6% during the 4th quarter. Wellington Management Group LLP now owns 21,868,740 shares of the transportation company’s stock worth $2,761,473,000 after buying an additional 1,907,938 shares during the last quarter. FIL Ltd boosted its stake in shares of Canadian National Railway by 7.2% during the 4th quarter. FIL Ltd now owns 19,189,809 shares of the transportation company’s stock worth $2,412,032,000 after buying an additional 1,280,726 shares during the last quarter. Caisse DE Depot ET Placement DU Quebec boosted its stake in shares of Canadian National Railway by 5.0% during the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 13,067,300 shares of the transportation company’s stock worth $1,421,649,000 after buying an additional 625,500 shares during the last quarter. Finally, TD Asset Management Inc lifted its stake in Canadian National Railway by 2.8% in the 4th quarter. TD Asset Management Inc now owns 11,651,919 shares of the transportation company’s stock valued at $1,471,733,000 after purchasing an additional 314,600 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, together with its subsidiaries, engages in the rail, intermodal, trucking, and marine transportation and logistics business in Canada and the United States. The company provides rail services, which include equipment, custom brokerage services, transloading and distribution, business development and real estate, and private car storage services; and intermodal services, such as temperature controlled cargo, port partnerships, and logistics parks.