Stephens Reiterates “Equal Weight” Rating for Canadian National Railway (NYSE:CNI)

Canadian National Railway (NYSE:CNI) (TSE:CNR)‘s stock had its “equal weight” rating reissued by equities researchers at Stephens in a note issued to investors on Wednesday, Benzinga reports. They presently have a $140.00 target price on the transportation company’s stock. Stephens’ target price suggests a potential upside of 12.20% from the company’s current price.

Other research analysts also recently issued reports about the company. Barclays upped their price target on Canadian National Railway from $127.00 to $130.00 and gave the company an “equal weight” rating in a report on Thursday, April 4th. Susquehanna Bancshares upped their price objective on Canadian National Railway from $115.00 to $143.00 and gave the company a “neutral” rating in a research report on Monday, January 8th. Benchmark reiterated a “hold” rating on shares of Canadian National Railway in a research report on Wednesday. Susquehanna upped their price objective on Canadian National Railway from $140.00 to $142.00 and gave the company a “neutral” rating in a research report on Wednesday. Finally, Bank of America upgraded Canadian National Railway from a “neutral” rating to a “buy” rating and upped their price objective for the company from $140.00 to $145.00 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. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $148.60.

Canadian National Railway Trading Up 1.6 %

Canadian National Railway stock opened at $124.78 on Wednesday. The company has a market capitalization of $79.70 billion, a price-to-earnings ratio of 19.90, a price-to-earnings-growth ratio of 2.26 and a beta of 0.88. The company has a current ratio of 0.61, a quick ratio of 0.47 and a debt-to-equity ratio of 0.80. Canadian National Railway has a 12 month low of $103.96 and a 12 month high of $134.02. The business’s fifty day simple moving average is $129.58 and its two-hundred day simple moving average is $122.22.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last announced its quarterly earnings results on Tuesday, January 23rd. The transportation company reported $1.48 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.46 by $0.02. The firm had revenue of $3.28 billion for the quarter, compared to the consensus estimate of $3.25 billion. Canadian National Railway had a return on equity of 23.17% and a net margin of 32.81%. As a group, equities analysts predict that Canadian National Railway will post 5.93 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Canadian National Railway

A number of hedge funds have recently made changes to their positions in the business. Petredis Investment Advisors LLC boosted its stake in shares of Canadian National Railway by 1.0% in the first quarter. Petredis Investment Advisors LLC now owns 23,030 shares of the transportation company’s stock worth $3,033,000 after acquiring an additional 238 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of Canadian National Railway by 0.3% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 241,054 shares of the transportation company’s stock worth $31,773,000 after acquiring an additional 789 shares during the period. Zullo Investment Group Inc. bought a new position in shares of Canadian National Railway in the first quarter worth about $204,000. Simplicity Wealth LLC bought a new position in shares of Canadian National Railway in the first quarter worth about $797,000. Finally, Spire Wealth Management boosted its stake in shares of Canadian National Railway by 10.7% in the first quarter. Spire Wealth Management now owns 5,458 shares of the transportation company’s stock worth $719,000 after acquiring an additional 526 shares during the period. Institutional investors own 80.74% of the company’s stock.

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.