Canadian National Railway Company (NYSE:CNI) Receives $113.90 Average Target Price from Analysts

Shares of Canadian National Railway Company (NYSE:CNI) (TSE:CNR) have been given a consensus recommendation of “Hold” by the eighteen ratings firms that are covering the firm, MarketBeat.com reports. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating, seven have issued a buy rating and one has issued a strong buy rating on the company. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is $113.90.

CNI has been the subject of several analyst reports. Raymond James Financial raised Canadian National Railway from a “market perform” rating to an “outperform” rating in a research note on Thursday, July 17th. Bank of America lowered their price objective on Canadian National Railway from $106.00 to $102.00 and set a “neutral” rating for the company in a research report on Monday, September 29th. Wall Street Zen raised Canadian National Railway from a “sell” rating to a “hold” rating in a research report on Saturday, October 18th. Susquehanna lowered their price objective on Canadian National Railway from $120.00 to $115.00 and set a “positive” rating for the company in a research report on Thursday, September 25th. Finally, Barclays lowered their price objective on Canadian National Railway from $99.00 to $97.00 and set an “equal weight” rating for the company in a research report on Thursday, October 2nd.

Institutional Trading of Canadian National Railway

Several institutional investors and hedge funds have recently made changes to their positions in the company. Retirement Planning Group LLC lifted its holdings in shares of Canadian National Railway by 14.8% in the 3rd quarter. Retirement Planning Group LLC now owns 2,478 shares of the transportation company’s stock valued at $234,000 after purchasing an additional 320 shares during the last quarter. Rempart Asset Management Inc. lifted its holdings in shares of Canadian National Railway by 1.8% in the 3rd quarter. Rempart Asset Management Inc. now owns 202,947 shares of the transportation company’s stock valued at $19,150,000 after purchasing an additional 3,641 shares during the last quarter. First Horizon Corp purchased a new stake in shares of Canadian National Railway in the 3rd quarter valued at about $30,000. Steigerwald Gordon & Koch Inc. purchased a new stake in shares of Canadian National Railway in the 3rd quarter valued at about $50,000. Finally, Franklin Parlapiano Turner & Welch LLC lifted its holdings in shares of Canadian National Railway by 0.4% in the 3rd quarter. Franklin Parlapiano Turner & Welch LLC now owns 73,060 shares of the transportation company’s stock valued at $6,890,000 after purchasing an additional 276 shares during the last quarter. 80.74% of the stock is owned by hedge funds and other institutional investors.

Canadian National Railway Trading Down 0.6%

CNI opened at $94.79 on Friday. Canadian National Railway has a 12 month low of $91.07 and a 12 month high of $114.13. The stock has a market capitalization of $58.65 billion, a price-to-earnings ratio of 18.23, a PEG ratio of 2.18 and a beta of 0.96. The company has a debt-to-equity ratio of 0.90, a current ratio of 0.82 and a quick ratio of 0.58. The business has a fifty day moving average price of $95.04 and a 200 day moving average price of $98.84.

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.