Citigroup Issues Positive Forecast for Canadian National Railway (NYSE:CNI) Stock Price

Canadian National Railway (NYSE:CNI) (TSE:CNR) had its target price upped by research analysts at Citigroup from $143.00 to $145.00 in a research report issued on Monday, Benzinga reports. The brokerage presently has a “buy” rating on the transportation company’s stock. Citigroup‘s target price points to a potential upside of 14.29% from the stock’s previous close.

Other equities research analysts also recently issued reports about the stock. Raymond James Financial downgraded shares of Canadian National Railway from a “moderate buy” rating to a “hold” rating in a research note on Monday, October 19th. Barclays upped their target price on Canadian National Railway from $109.00 to $130.00 and gave the company an “equal weight” rating in a research report on Monday, July 27th. Susquehanna reduced their target price on Canadian National Railway from $142.00 to $130.00 and set a “neutral” rating for the company in a research note on Friday, October 2nd. Citizens Jmp began coverage on Canadian National Railway in a research report on Wednesday, July 15th. They set a “market perform” rating for the company. Finally, Wells Fargo & Company boosted their price target on Canadian National Railway from $135.00 to $145.00 and gave the company an “overweight” rating in a research note on Monday, July 27th. Nine equities research analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $137.67.

Canadian National Railway Stock Up 2.6%

Shares of CNI traded up $3.18 during mid-day trading on Monday, hitting $126.87. 611,970 shares of the company traded hands, compared to its average volume of 1,496,719. Canadian National Railway has a 1-year low of $90.74 and a 1-year high of $131.55. The company has a quick ratio of 0.61, a current ratio of 0.87 and a debt-to-equity ratio of 0.99. The company has a market capitalization of $76.44 billion, a PE ratio of 22.11, a price-to-earnings-growth ratio of 2.22 and a beta of 0.90. The business has a 50 day moving average of $121.69 and a 200 day moving average of $115.34.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last released its earnings results on Friday, October 30th. The transportation company reported $1.54 EPS for the quarter, topping analysts’ consensus estimates of $1.49 by $0.05. The company had revenue of $3.35 billion during the quarter, compared to analysts’ expectations of $3.27 billion. Canadian National Railway had a net margin of 26.42% and a return on equity of 22.84%. Canadian National Railway’s revenue for the quarter was down 99.9% on a year-over-year basis. During the same period last year, the business earned $1.83 EPS. Equities research analysts anticipate that Canadian National Railway will post 5.80 EPS for the current year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in CNI. Pathway Financial Advisers LLC purchased a new position in shares of Canadian National Railway during the 3rd quarter valued at about $181,000. Ascent Group LLC lifted its holdings in shares of Canadian National Railway by 23.4% in the 3rd quarter. Ascent Group LLC now owns 5,297 shares of the transportation company’s stock valued at $630,000 after buying an additional 1,003 shares during the period. Vise Technologies Inc. lifted its holdings in shares of Canadian National Railway by 19.8% in the 3rd quarter. Vise Technologies Inc. now owns 11,895 shares of the transportation company’s stock valued at $1,414,000 after buying an additional 1,964 shares during the period. Aprio Wealth Management LLC boosted its stake in shares of Canadian National Railway by 6.2% in the third quarter. Aprio Wealth Management LLC now owns 6,718 shares of the transportation company’s stock worth $799,000 after buying an additional 392 shares during the last quarter. Finally, State of Wyoming raised its position in Canadian National Railway by 27.3% during the third quarter. State of Wyoming now owns 10,085 shares of the transportation company’s stock valued at $1,202,000 after acquiring an additional 2,164 shares in the last quarter. 80.74% of the stock is currently owned by institutional investors and hedge funds.

About Canadian National Railway

Canadian National Railway Company (NYSE: CNI) is a transportation and logistics company that operates a major freight railway network across Canada and the United States. The company provides rail, intermodal and related transportation services for shippers, connecting production and consumption centers with ports and distribution hubs.

CN transports a broad range of commodities and manufactured goods, including petroleum and chemicals, grain and fertilizers, forest products, metals and minerals, coal, automotive products and consumer goods.