Canadian National Railway (NYSE:CNI) Price Target Raised to $126.00 at Citigroup

Canadian National Railway (NYSE:CNI) (TSE:CNR) had its price target lifted by Citigroup from $125.00 to $126.00 in a note issued to investors on Thursday, Benzinga reports. The firm currently has a “neutral” rating on the transportation company’s stock. Citigroup’s price target would indicate a potential upside of 13.55% from the company’s previous close.

A number of other equities analysts have also issued reports on CNI. Stephens reaffirmed an “equal weight” rating and issued a $116.00 target price on shares of Canadian National Railway in a research report on Wednesday. The Goldman Sachs Group cut their price target on shares of Canadian National Railway from $131.00 to $124.00 and set a “sell” rating on the stock in a report on Wednesday, October 9th. Scotiabank raised shares of Canadian National Railway from a “hold” rating to a “strong-buy” rating in a report on Wednesday, July 10th. Sanford C. Bernstein cut their target price on shares of Canadian National Railway from $130.67 to $126.29 and set a “market perform” rating on the stock in a research note on Wednesday, October 9th. Finally, Evercore ISI decreased their price target on Canadian National Railway from $119.00 to $116.00 and set an “in-line” rating for the company in a research note on Wednesday. One investment analyst has rated the stock with a sell rating, fifteen have given a hold rating, three have issued a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, Canadian National Railway presently has an average rating of “Hold” and an average target price of $125.18.

Canadian National Railway Price Performance

CNI opened at $110.96 on Thursday. Canadian National Railway has a twelve month low of $103.96 and a twelve month high of $134.02. The firm has a market cap of $69.88 billion, a price-to-earnings ratio of 17.83, a PEG ratio of 2.50 and a beta of 0.88. 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 company has a fifty day simple moving average of $115.97 and a 200 day simple moving average of $119.66.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last announced its earnings results on Tuesday, October 22nd. The transportation company reported $1.72 earnings per share for the quarter, beating the consensus estimate of $1.70 by $0.02. Canadian National Railway had a return on equity of 23.49% and a net margin of 31.65%. The company had revenue of $4.11 billion during the quarter, compared to the consensus estimate of $4.08 billion. During the same period last year, the firm earned $1.26 earnings per share. The company’s revenue was up 3.1% on a year-over-year basis. Equities research analysts expect that Canadian National Railway will post 5.5 EPS for the current fiscal year.

Hedge Funds Weigh In On Canadian National Railway

Several hedge funds and other institutional investors have recently made changes to their positions in the business. GQG Partners LLC raised its stake in Canadian National Railway by 0.8% during the 1st quarter. GQG Partners LLC now owns 11,424 shares of the transportation company’s stock valued at $1,505,000 after acquiring an additional 93 shares in the last quarter. Choreo LLC lifted its holdings in Canadian National Railway by 1.5% in the first quarter. Choreo LLC now owns 6,427 shares of the transportation company’s stock worth $846,000 after purchasing an additional 97 shares during the period. Grove Bank & Trust grew its position in Canadian National Railway by 15.3% in the 3rd quarter. Grove Bank & Trust now owns 730 shares of the transportation company’s stock valued at $86,000 after buying an additional 97 shares in the last quarter. B. Riley Wealth Advisors Inc. grew its position in Canadian National Railway by 2.5% in the 1st quarter. B. Riley Wealth Advisors Inc. now owns 4,156 shares of the transportation company’s stock valued at $547,000 after buying an additional 100 shares in the last quarter. Finally, Whittier Trust Co. of Nevada Inc. raised its position in shares of Canadian National Railway by 1.1% during the 2nd quarter. Whittier Trust Co. of Nevada Inc. now owns 9,350 shares of the transportation company’s stock worth $1,105,000 after buying an additional 102 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, 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.