Canadian National Railway (NYSE:CNI) Stock Price Expected to Rise, Citigroup Analyst Says

Canadian National Railway (NYSE:CNI) (TSE:CNR) had its target price boosted by research analysts at Citigroup from $124.00 to $141.00 in a research note issued on Thursday, MarketBeat Ratings reports. The firm presently has a “buy” rating on the transportation company’s stock. Citigroup’s target price indicates a potential upside of 13.29% from the company’s current price.

Several other equities analysts have also issued reports on CNI. Canadian Imperial Bank of Commerce lifted their price target on Canadian National Railway from C$182.00 to C$185.00 and gave the company an “outperformer” rating in a research note on Thursday, June 25th. Royal Bank Of Canada upped their price objective on Canadian National Railway from $160.00 to $178.00 and gave the stock an “outperform” rating in a research report on Thursday, April 30th. Evercore upgraded Canadian National Railway from an “in-line” rating to an “outperform” rating and set a $124.00 target price on the stock in a research report on Thursday, June 25th. Barclays boosted their target price on Canadian National Railway from $99.00 to $109.00 and gave the stock an “equal weight” rating in a research note on Thursday, June 25th. Finally, Stephens upgraded shares of Canadian National Railway to a “hold” rating in a research note on Wednesday. Ten analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company. According to data from MarketBeat, Canadian National Railway presently has a consensus rating of “Moderate Buy” and an average price target of $129.94.

Canadian National Railway Stock Performance

CNI opened at $124.46 on Thursday. 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 52-week low of $90.74 and a 52-week high of $125.26. The firm has a market cap of $75.51 billion, a P/E ratio of 22.63, a price-to-earnings-growth ratio of 2.34 and a beta of 0.96. The business’s fifty day moving average is $116.99 and its 200-day moving average is $108.65.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last posted its quarterly earnings data on Wednesday, April 29th. The transportation company reported $1.31 earnings per share for the quarter, hitting the consensus estimate of $1.31. Canadian National Railway had a net margin of 27.22% and a return on equity of 21.90%. The business had revenue of $3.15 billion during the quarter, compared to analysts’ expectations of $3.15 billion. During the same quarter in the prior year, the business posted $1.85 earnings per share. Canadian National Railway’s revenue was down .5% compared to the same quarter last year. Sell-side analysts expect that Canadian National Railway will post 5.75 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the company. Cardinal Capital Management Inc. boosted its position in Canadian National Railway by 5.8% during the 2nd quarter. Cardinal Capital Management Inc. now owns 1,254,252 shares of the transportation company’s stock worth $149,384,000 after buying an additional 68,791 shares during the period. Ausbil Investment Management Ltd raised its stake in shares of Canadian National Railway by 20.7% during the second quarter. Ausbil Investment Management Ltd now owns 56,806 shares of the transportation company’s stock valued at $6,767,000 after acquiring an additional 9,737 shares during the last quarter. Fulton Bank N.A. bought a new position in shares of Canadian National Railway during the second quarter valued at $209,000. Wealthcare Advisory Partners LLC acquired a new position in shares of Canadian National Railway during the second quarter worth $226,000. Finally, Revolve Wealth Partners LLC acquired a new position in shares of Canadian National Railway during the second quarter worth $502,000. 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.