Canadian National Railway (NYSE:CNI) Given New $140.00 Price Target at Susquehanna

Canadian National Railway (NYSE:CNI) (TSE:CNR) had its price objective decreased by equities researchers at Susquehanna from $143.00 to $140.00 in a research report issued to clients and investors on Thursday, Benzinga reports. The firm presently has a “neutral” rating on the transportation company’s stock. Susquehanna’s target price indicates a potential upside of 5.80% from the company’s previous close.

A number of other analysts have also recently issued reports on CNI. TD Securities cut shares of Canadian National Railway from a “buy” rating to a “hold” rating in a research note on Monday, January 8th. Susquehanna Bancshares lifted their price target on shares of Canadian National Railway from $115.00 to $143.00 and gave the company a “neutral” rating in a research report on Monday, January 8th. Citigroup lifted their price target on shares of Canadian National Railway from $121.00 to $128.00 and gave the company a “neutral” rating in a research report on Wednesday, January 24th. Stephens boosted their target price on shares of Canadian National Railway from $122.00 to $135.00 and gave the stock an “equal weight” rating in a research report on Thursday, January 4th. Finally, Bank of America boosted their target price on shares of Canadian National Railway from $131.00 to $140.00 and gave the stock a “neutral” rating in a research report on Thursday, March 21st. Seventeen analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, Canadian National Railway currently has an average rating of “Hold” and an average price target of $146.70.

Canadian National Railway Stock Up 0.5 %

Shares of CNI stock traded up $0.67 during trading on Thursday, hitting $132.32. 196,979 shares of the company were exchanged, compared to its average volume of 997,381. 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 firm has a market capitalization of $84.73 billion, a price-to-earnings ratio of 20.88, a P/E/G ratio of 2.32 and a beta of 0.88. The business’s 50-day simple moving average is $128.25 and its 200 day simple moving average is $119.47. Canadian National Railway has a twelve month low of $103.96 and a twelve month high of $134.02.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last posted its 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 during the quarter, compared to analysts’ expectations of $3.25 billion. Canadian National Railway had a net margin of 33.38% and a return on equity of 23.56%. As a group, analysts forecast that Canadian National Railway will post 5.96 EPS for the current fiscal year.

Institutional Investors Weigh In On Canadian National Railway

Several large investors have recently made changes to their positions in the stock. O Dell Group LLC bought a new position in Canadian National Railway during the 4th quarter worth $29,000. Tyler Stone Wealth Management acquired a new stake in Canadian National Railway in the second quarter valued at about $30,000. JFS Wealth Advisors LLC boosted its stake in shares of Canadian National Railway by 241.1% during the third quarter. JFS Wealth Advisors LLC now owns 324 shares of the transportation company’s stock valued at $35,000 after purchasing an additional 229 shares in the last quarter. EverSource Wealth Advisors LLC boosted its stake in shares of Canadian National Railway by 121.0% during the third quarter. EverSource Wealth Advisors LLC now owns 369 shares of the transportation company’s stock valued at $40,000 after purchasing an additional 202 shares in the last quarter. Finally, Keener Financial Planning LLC acquired a new stake in shares of Canadian National Railway during the fourth quarter valued at about $46,000. Institutional investors and hedge funds 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.