Canadian National Railway (NYSE:CNI) Price Target Raised to $205.00 at Royal Bank Of Canada

Canadian National Railway (NYSE:CNI) (TSE:CNR) had its target price boosted by investment analysts at Royal Bank Of Canada from $195.00 to $205.00 in a note issued to investors on Monday,Benzinga reports. The firm presently has an “outperform” rating on the transportation company’s stock. Royal Bank Of Canada’s target price would indicate a potential upside of 58.17% from the company’s current price.

Several other equities research analysts have also recently weighed in on the company. Wells Fargo & Company increased their price target on Canadian National Railway from $135.00 to $145.00 and gave the company an “overweight” rating in a research note on Monday. National Bank Financial set a $124.00 price target on shares of Canadian National Railway in a report on Thursday, June 25th. Canadian Imperial Bank of Commerce boosted their price target on shares of Canadian National Railway from C$182.00 to C$185.00 and gave the stock an “outperformer” rating in a research report on Thursday, June 25th. Citigroup upped their price objective on shares of Canadian National Railway from $124.00 to $141.00 and gave the company a “buy” rating in a research note on Thursday, July 9th. Finally, Evercore upgraded shares of Canadian National Railway from an “in-line” rating to an “outperform” rating and set a $124.00 price objective for the company in a research report on Thursday, June 25th. Eight analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $137.40.

Canadian National Railway Trading Up 0.1%

Shares of NYSE:CNI traded up $0.13 during mid-day trading on Monday, reaching $129.61. 149,876 shares of the company’s stock were exchanged, compared to its average volume of 1,597,285. The firm has a market capitalization of $78.55 billion, a price-to-earnings ratio of 22.98, a PEG ratio of 2.47 and a beta of 0.96. The business’s fifty day moving average price is $120.15 and its 200-day moving average price is $110.72. The company has a debt-to-equity ratio of 0.95, a quick ratio of 0.49 and a current ratio of 0.67. Canadian National Railway has a twelve month low of $90.74 and a twelve month high of $131.55.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last posted its quarterly earnings data on Friday, July 24th. The transportation company reported $1.50 earnings per share for the quarter, beating analysts’ consensus estimates of $1.39 by $0.11. The business had revenue of $3.35 billion during the quarter, compared to the consensus estimate of $3.26 billion. Canadian National Railway had a return on equity of 22.33% and a net margin of 26.92%.Canadian National Railway’s quarterly revenue was up 11.3% on a year-over-year basis. During the same period in the prior year, the business posted $1.87 earnings per share. On average, research analysts predict that Canadian National Railway will post 5.67 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of CNI. Scharf Investments LLC bought a new position in shares of Canadian National Railway during the 4th quarter worth about $8,283,000. Fisher Asset Management LLC increased its position in Canadian National Railway by 10.5% in the 4th quarter. Fisher Asset Management LLC now owns 2,279,778 shares of the transportation company’s stock valued at $225,356,000 after buying an additional 216,963 shares in the last quarter. Norges Bank bought a new stake in Canadian National Railway in the 4th quarter valued at about $570,161,000. Clean Energy Transition LLP acquired a new position in Canadian National Railway during the 4th quarter worth approximately $47,268,000. Finally, QV Investors Inc. raised its stake in Canadian National Railway by 7.4% during the 4th quarter. QV Investors Inc. now owns 629,069 shares of the transportation company’s stock worth $62,299,000 after buying an additional 43,523 shares during the period. Institutional investors and hedge funds own 80.74% of the company’s stock.

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.