Canadian National Railway (NYSE:CNI) Price Target Cut to $135.00 by Analysts at Susquehanna

Canadian National Railway (NYSE:CNI) (TSE:CNR) had its price objective cut by Susquehanna from $142.00 to $135.00 in a report issued on Tuesday, Benzinga reports. The brokerage presently has a “neutral” rating on the transportation company’s stock. Susquehanna’s price target suggests a potential upside of 14.17% from the stock’s previous close.

CNI has been the topic of a number of other reports. Stifel Nicolaus boosted their target price on shares of Canadian National Railway from $121.00 to $134.00 and gave the company a “hold” rating in a research note on Friday, April 12th. Benchmark reissued a “hold” rating on shares of Canadian National Railway in a report on Wednesday, April 24th. Bank of America upgraded Canadian National Railway from a “neutral” rating to a “buy” rating and boosted their target price for the company from $140.00 to $145.00 in a research note on Wednesday, April 10th. Wells Fargo & Company assumed coverage on Canadian National Railway in a research note on Friday, June 7th. They set an “equal weight” rating and a $130.00 price target for the company. Finally, Jefferies Financial Group initiated coverage on Canadian National Railway in a research note on Monday, April 8th. They issued a “hold” rating and a $130.00 price objective on the stock. Eighteen research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, Canadian National Railway presently has a consensus rating of “Hold” and a consensus price target of $148.95.

Canadian National Railway Stock Up 0.3 %

Shares of Canadian National Railway stock opened at $118.25 on Tuesday. The firm has a market cap of $75.03 billion, a price-to-earnings ratio of 18.86, a PEG ratio of 2.07 and a beta of 0.90. The stock’s 50-day moving average is $124.43 and its 200 day moving average is $126.28. The company has a debt-to-equity ratio of 0.84, a current ratio of 0.60 and a quick ratio of 0.46. Canadian National Railway has a one year low of $103.96 and a one year high of $134.02.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last posted its quarterly earnings results on Tuesday, April 23rd. The transportation company reported $1.28 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.27 by $0.01. The business had revenue of $3.15 billion during the quarter, compared to the consensus estimate of $3.16 billion. Canadian National Railway had a net margin of 32.81% and a return on equity of 23.27%. Equities research analysts anticipate that Canadian National Railway will post 5.9 EPS for the current year.

Hedge Funds Weigh In On Canadian National Railway

Large investors have recently bought and sold shares of the business. Bfsg LLC lifted its position in shares of Canadian National Railway by 110.5% during the first quarter. Bfsg LLC now owns 200 shares of the transportation company’s stock worth $26,000 after purchasing an additional 105 shares during the last quarter. GAMMA Investing LLC grew its holdings in shares of Canadian National Railway by 766.7% in the first quarter. GAMMA Investing LLC now owns 234 shares of the transportation company’s stock worth $31,000 after purchasing an additional 207 shares during the last quarter. Keener Financial Planning LLC purchased a new position in Canadian National Railway in the 4th quarter worth about $46,000. Rational Advisors LLC bought a new stake in Canadian National Railway during the 1st quarter valued at about $49,000. Finally, Knuff & Co LLC purchased a new stake in Canadian National Railway in the 4th quarter valued at about $50,000. Hedge funds and other institutional investors own 80.74% of the company’s stock.

About Canadian National Railway

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.