Evercore ISI Trims Canadian National Railway (NYSE:CNI) Target Price to $119.00

Canadian National Railway (NYSE:CNI) (TSE:CNR) had its price objective decreased by stock analysts at Evercore ISI from $128.00 to $119.00 in a research note issued to investors on Wednesday, Benzinga reports. The firm currently has an “in-line” rating on the transportation company’s stock. Evercore ISI’s target price would indicate a potential upside of 1.90% from the company’s previous close.

A number of other research firms have also recently weighed in on CNI. Wells Fargo & Company lowered their price objective on Canadian National Railway from $130.00 to $125.00 and set an “equal weight” rating for the company in a research report on Wednesday, July 24th. Scotiabank raised Canadian National Railway from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, July 10th. Stephens lowered their price objective on Canadian National Railway from $127.00 to $122.00 and set an “equal weight” rating for the company in a research report on Wednesday, July 24th. Sanford C. Bernstein cut Canadian National Railway from an “outperform” rating to a “market perform” rating and lowered their price objective for the stock from $146.25 to $130.67 in a research report on Monday, July 8th. Finally, Stifel Nicolaus lowered their price objective on Canadian National Railway from $137.00 to $133.00 and set a “hold” rating for the company in a research report on Wednesday, July 24th. Sixteen investment analysts have rated the stock with a hold rating, two have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $135.24.

Canadian National Railway Stock Up 0.9 %

Shares of NYSE CNI opened at $116.78 on Wednesday. The company has a current ratio of 0.63, a quick ratio of 0.48 and a debt-to-equity ratio of 0.93. The stock has a market capitalization of $73.54 billion, a PE ratio of 18.62, a price-to-earnings-growth ratio of 2.50 and a beta of 0.88. The stock’s fifty day simple moving average is $115.88 and its two-hundred day simple moving average is $121.92. Canadian National Railway has a 12-month low of $103.96 and a 12-month high of $134.02.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last announced its earnings results on Tuesday, July 23rd. The transportation company reported $1.84 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.93 by ($0.09). The company had revenue of $4.33 billion for the quarter, compared to the consensus estimate of $4.40 billion. Canadian National Railway had a net margin of 32.00% and a return on equity of 23.58%. The firm’s revenue was up 6.7% compared to the same quarter last year. During the same period last year, the business posted $1.31 EPS. As a group, analysts expect that Canadian National Railway will post 5.58 EPS for the current fiscal year.

Hedge Funds Weigh In On Canadian National Railway

A number of institutional investors have recently modified their holdings of CNI. Wells Fargo & Company MN raised its stake in shares of Canadian National Railway by 61.1% during the 4th quarter. Wells Fargo & Company MN now owns 162,179 shares of the transportation company’s stock valued at $20,375,000 after buying an additional 61,498 shares during the last quarter. Corient Private Wealth LLC raised its stake in shares of Canadian National Railway by 10.9% during the 4th quarter. Corient Private Wealth LLC now owns 34,269 shares of the transportation company’s stock valued at $4,305,000 after buying an additional 3,370 shares during the last quarter. Assetmark Inc. raised its stake in shares of Canadian National Railway by 5,967.4% during the 4th quarter. Assetmark Inc. now owns 2,609 shares of the transportation company’s stock valued at $328,000 after buying an additional 2,566 shares during the last quarter. Cambridge Investment Research Advisors Inc. raised its stake in shares of Canadian National Railway by 30.5% during the 4th quarter. Cambridge Investment Research Advisors Inc. now owns 40,965 shares of the transportation company’s stock valued at $5,146,000 after buying an additional 9,566 shares during the last quarter. Finally, Orion Portfolio Solutions LLC raised its stake in shares of Canadian National Railway by 2.5% during the 4th quarter. Orion Portfolio Solutions LLC now owns 10,631 shares of the transportation company’s stock valued at $1,331,000 after buying an additional 257 shares during the last quarter. 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.