Canadian National Railway (NYSE:CNI) Price Target Cut to $171.00 by Analysts at Royal Bank of Canada

Canadian National Railway (NYSE:CNI) (TSE:CNR) had its target price decreased by stock analysts at Royal Bank of Canada from $174.00 to $171.00 in a research report issued to clients and investors on Friday,Benzinga reports. The brokerage presently has an “outperform” rating on the transportation company’s stock. Royal Bank of Canada’s target price points to a potential upside of 60.45% from the company’s previous close.

A number of other equities analysts have also weighed in on CNI. Jefferies Financial Group upgraded shares of Canadian National Railway from a “hold” rating to a “buy” rating and set a $120.00 price objective for the company in a report on Friday, January 10th. Stephens reaffirmed an “equal weight” rating and set a $116.00 price target on shares of Canadian National Railway in a report on Wednesday, October 23rd. Bank of America lowered their target price on shares of Canadian National Railway from $119.00 to $112.00 and set a “neutral” rating on the stock in a research note on Wednesday, January 8th. Susquehanna reduced their price target on shares of Canadian National Railway from $125.00 to $115.00 and set a “neutral” rating for the company in a research note on Wednesday, January 8th. Finally, Veritas raised shares of Canadian National Railway from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, October 23rd. One research analyst has rated the stock with a sell rating, seven have issued a hold rating, seven have given a buy rating and four have given a strong buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $124.19.

Canadian National Railway Stock Up 1.3 %

Canadian National Railway stock traded up $1.37 during mid-day trading on Friday, hitting $106.57. The company had a trading volume of 975,437 shares, compared to its average volume of 1,257,779. Canadian National Railway has a 12 month low of $98.96 and a 12 month high of $134.02. The company has a market capitalization of $67.02 billion, a PE ratio of 17.06, a price-to-earnings-growth ratio of 2.41 and a beta of 0.91. The stock’s 50 day moving average price is $104.62 and its two-hundred day moving average price is $111.08. The company has a current ratio of 0.64, a quick ratio of 0.49 and a debt-to-equity ratio of 0.96.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last announced its quarterly earnings results on Thursday, January 30th. The transportation company reported $1.30 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.39 by ($0.09). Canadian National Railway had a return on equity of 23.62% and a net margin of 31.65%. As a group, sell-side analysts anticipate that Canadian National Railway will post 5.12 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the business. Renaissance Technologies LLC bought a new position in shares of Canadian National Railway during the 2nd quarter valued at about $1,725,000. Northwestern Mutual Wealth Management Co. boosted its stake in Canadian National Railway by 11.8% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 13,687 shares of the transportation company’s stock valued at $1,617,000 after buying an additional 1,445 shares during the last quarter. NewEdge Advisors LLC boosted its stake in Canadian National Railway by 34.0% during the second quarter. NewEdge Advisors LLC now owns 7,464 shares of the transportation company’s stock valued at $882,000 after buying an additional 1,892 shares during the last quarter. B. Riley Wealth Advisors Inc. grew its holdings in Canadian National Railway by 10.0% during the 2nd quarter. B. Riley Wealth Advisors Inc. now owns 4,573 shares of the transportation company’s stock valued at $540,000 after buying an additional 417 shares in the last quarter. Finally, Truist Financial Corp increased its stake in Canadian National Railway by 6.4% in the 2nd quarter. Truist Financial Corp now owns 25,546 shares of the transportation company’s stock worth $3,018,000 after acquiring an additional 1,534 shares during the last quarter. 80.74% of the stock is owned by hedge funds and other institutional investors.

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.