Canadian National Railway (NYSE:CNI) Price Target Cut to $151.00 by Analysts at Royal Bank Of Canada

Canadian National Railway (NYSE:CNI) (TSE:CNR) had its price objective reduced by research analysts at Royal Bank Of Canada from $153.00 to $151.00 in a research note issued to investors on Monday,Benzinga reports. The firm currently has an “outperform” rating on the transportation company’s stock. Royal Bank Of Canada’s price target would suggest a potential upside of 58.95% from the company’s previous close.

Several other research firms also recently issued reports on CNI. Zacks Research raised shares of Canadian National Railway from a “strong sell” rating to a “hold” rating in a report on Friday, November 28th. Barclays boosted their price objective on Canadian National Railway from $97.00 to $101.00 and gave the stock an “equal weight” rating in a research report on Thursday, January 15th. Wells Fargo & Company dropped their price target on Canadian National Railway from $117.00 to $110.00 and set an “overweight” rating on the stock in a research report on Monday, October 6th. Vertical Research upgraded Canadian National Railway from a “hold” rating to a “buy” rating in a report on Monday, January 5th. Finally, CIBC upgraded shares of Canadian National Railway from a “neutral” rating to an “outperformer” rating and raised their price objective for the stock from $146.00 to $151.00 in a research note on Friday, November 28th. One analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, nine have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $115.82.

Canadian National Railway Stock Down 1.3%

CNI stock traded down $1.22 during trading hours on Monday, hitting $95.00. The company’s stock had a trading volume of 1,060,986 shares, compared to its average volume of 1,340,650. The company has a market capitalization of $58.37 billion, a PE ratio of 17.50, a price-to-earnings-growth ratio of 2.01 and a beta of 0.94. The stock has a 50 day moving average price of $98.10 and a two-hundred day moving average price of $96.11. The company has a quick ratio of 0.42, a current ratio of 0.60 and a debt-to-equity ratio of 0.92. Canadian National Railway has a 12 month low of $90.74 and a 12 month high of $108.75.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last posted its earnings results on Friday, January 30th. The transportation company reported $1.49 EPS for the quarter, topping the consensus estimate of $1.43 by $0.06. The firm had revenue of $3.24 billion for the quarter, compared to the consensus estimate of $4.43 billion. Canadian National Railway had a net margin of 27.28% and a return on equity of 22.17%. The business’s quarterly revenue was up 2.4% on a year-over-year basis. During the same period in the prior year, the business posted $1.82 earnings per share. On average, equities research analysts expect that Canadian National Railway will post 5.52 earnings per share for the current year.

Hedge Funds Weigh In On Canadian National Railway

Several hedge funds and other institutional investors have recently modified their holdings of the stock. High Point Wealth Management LLC bought a new stake in shares of Canadian National Railway in the 4th quarter worth about $27,000. Addison Advisors LLC raised its position in Canadian National Railway by 124.0% in the 2nd quarter. Addison Advisors LLC now owns 271 shares of the transportation company’s stock valued at $28,000 after purchasing an additional 150 shares during the last quarter. Hollencrest Capital Management bought a new stake in shares of Canadian National Railway during the third quarter worth $28,000. Curio Wealth LLC increased its stake in shares of Canadian National Railway by 31,600.0% in the second quarter. Curio Wealth LLC now owns 317 shares of the transportation company’s stock valued at $33,000 after buying an additional 316 shares in the last quarter. Finally, First Horizon Corp bought a new position in shares of Canadian National Railway in the third quarter valued at about $30,000. Institutional investors own 80.74% of the company’s stock.

Canadian National Railway News Summary

Here are the key news stories impacting Canadian National Railway this week:

• Positive Sentiment: New share buyback — CN launched a program to repurchase up to 24 million shares, which reduces share count and supports EPS and valuation. Canadian National Railway Launches New Share Buyback Program
• Positive Sentiment: Dividend hike — CN raised its quarterly dividend to $0.915 (annualized yield ~3.8%), a ~3.1% increase from prior, attractive to income investors and signals management confidence in cash flow. Dividend Announcement
• Positive Sentiment: Brokerage consensus is constructive — Brokerages collectively give a “Moderate Buy” consensus on CNI, providing some analyst support beneath the surface. Consensus Rating Article
• Neutral Sentiment: Investor outreach scheduled — CEO Tracy Robinson will speak at Barclays’ Industrial Select Conference (Feb 17) and CFO Ghislain Houle will speak at Citi’s Global Industrial Tech & Mobility Conference (Feb 18). These presentations could provide forward guidance or color but are routine investor relations activity. Tracy Robinson Conference Announcement Ghislain Houle Conference Announcement
• Negative Sentiment: Price-target downgrades — Stephens cut its target from $105 to $100 and moved to an “equal weight” stance, and Evercore ISI trimmed its target from $105 to $103 and set an “in-line” rating. Those revisions reduce upside expectations and likely contributed to near-term selling pressure. Analyst Price Target Changes

Canadian National Railway Company Profile

Canadian National Railway Company (NYSE: CNI) is a Class I freight railway that operates an integrated rail network across Canada and the United States. Headquartered in Montreal, Quebec, CN provides long-haul freight transportation and related logistics services that connect major ports, industrial centers and inland markets throughout North America. Its transcontinental system enables cross-border movement of goods and supports supply chains that span coast-to-coast in Canada and into the central and eastern United States.

CN’s core business is the railborne transportation of a broad mix of commodities, including intermodal container traffic, forest and paper products, grain and other agricultural products, metallurgical and industrial products, petroleum and chemical products, coal and automotive shipments.