Canadian National Railway (NYSE:CNI) Given New $143.00 Price Target at Citigroup

Canadian National Railway (NYSE:CNI) (TSE:CNR) had its target price dropped by stock analysts at Citigroup from $151.00 to $143.00 in a report issued on Wednesday, BayStreet reports. The firm currently has a “buy” rating on the transportation company’s stock. Citigroup’s price objective would indicate a potential upside of 23.26% from the stock’s previous close.

Several other analysts also recently issued reports on the stock. National Bank Financial set a $124.00 price objective on shares of Canadian National Railway in a research note on Thursday, June 25th. Citizens Jmp started coverage on Canadian National Railway in a research report on Wednesday, July 15th. They issued a “market perform” rating on the stock. Susquehanna reduced their target price on Canadian National Railway from $142.00 to $130.00 and set a “neutral” rating on the stock in a research note on Friday, October 2nd. Wells Fargo & Company boosted their target price on shares of Canadian National Railway from $135.00 to $145.00 and gave the company an “overweight” rating in a research note on Monday, July 27th. Finally, Evercore raised shares of Canadian National Railway from an “in-line” rating to an “outperform” rating and set a $124.00 price target on the stock in a research note on Thursday, June 25th. Nine research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $137.49.

Canadian National Railway Price Performance

Shares of NYSE:CNI traded down $2.40 during midday trading on Wednesday, reaching $116.02. 417,584 shares of the company were exchanged, compared to its average volume of 1,533,534. The stock has a market cap of $70.08 billion, a PE ratio of 20.59, a price-to-earnings-growth ratio of 2.13 and a beta of 0.96. The business’s fifty day moving average is $123.67 and its two-hundred day moving average is $118.12. Canadian National Railway has a one year low of $90.74 and a one year high of $131.55. The company has a current ratio of 0.87, a quick ratio of 0.61 and a debt-to-equity ratio of 0.99.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last posted its earnings results on Friday, July 24th. The transportation company reported $1.50 EPS for the quarter, beating analysts’ consensus estimates of $1.39 by $0.11. Canadian National Railway had a return on equity of 22.22% and a net margin of 26.92%.The firm had revenue of $3.35 billion during the quarter, compared to the consensus estimate of $3.26 billion. During the same period in the prior year, the company earned $1.87 EPS. The company’s quarterly revenue was up 11.3% compared to the same quarter last year. As a group, analysts predict that Canadian National Railway will post 5.82 earnings per share for the current year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in CNI. Lazard Asset Management LLC raised its holdings in shares of Canadian National Railway by 2.0% in the 1st quarter. Lazard Asset Management LLC now owns 9,077,518 shares of the transportation company’s stock valued at $934,488,000 after purchasing an additional 173,894 shares in the last quarter. Deutsche Bank AG increased its holdings in Canadian National Railway by 15.1% during the fourth quarter. Deutsche Bank AG now owns 8,998,101 shares of the transportation company’s stock valued at $889,462,000 after buying an additional 1,182,106 shares during the period. Arrowstreet Capital Limited Partnership increased its holdings in Canadian National Railway by 2.9% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 6,165,148 shares of the transportation company’s stock valued at $609,582,000 after buying an additional 173,410 shares during the period. TD Waterhouse Canada Inc. raised its stake in Canadian National Railway by 2.8% in the second quarter. TD Waterhouse Canada Inc. now owns 4,297,955 shares of the transportation company’s stock worth $514,643,000 after buying an additional 116,530 shares in the last quarter. Finally, Canoe Financial LP raised its stake in Canadian National Railway by 17.2% in the first quarter. Canoe Financial LP now owns 3,426,466 shares of the transportation company’s stock worth $352,527,000 after buying an additional 502,424 shares in the last quarter. 80.74% of the stock is currently owned by institutional investors.

Canadian National Railway Company Profile

Canadian National Railway Company (NYSE:CNI) is a transportation and logistics company that operates a major freight rail network in Canada and the United States. Its network connects the Atlantic, Pacific and Gulf coasts, serving ports, industrial centers, agricultural regions and major population markets.

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