Canadian National Railway (NYSE:CNI) Price Target Raised to C$169.00 at Desjardins

Canadian National Railway (NYSE:CNI – Get Rating) (TSE:CNR) had its target price upped by stock analysts at Desjardins from C$167.00 to C$169.00 in a research report issued to clients and investors on Wednesday, The Fly reports.

A number of other research firms also recently weighed in on CNI. Credit Suisse Group raised their target price on shares of Canadian National Railway from $122.00 to $134.00 and gave the company a “maintains” rating in a research report on Wednesday. Raymond James downgraded shares of Canadian National Railway from an “outperform” rating to a “market perform” rating in a research report on Friday, April 22nd. StockNews.com initiated coverage on shares of Canadian National Railway in a research report on Thursday, March 31st. They issued a “hold” rating for the company. Scotiabank lifted their price objective on shares of Canadian National Railway from C$150.00 to C$152.00 in a research report on Wednesday. Finally, Barclays decreased their price objective on shares of Canadian National Railway from $120.00 to $115.00 and set an “equal weight” rating for the company in a research report on Tuesday, July 12th. Thirteen investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $142.72.

Canadian National Railway Stock Up 1.5 %

Canadian National Railway stock opened at $124.29 on Wednesday. The company has a market cap of $85.38 billion, a P/E ratio of 21.62, a price-to-earnings-growth ratio of 1.95 and a beta of 0.81. Canadian National Railway has a 1-year low of $104.67 and a 1-year high of $137.19. The company has a fifty day simple moving average of $113.08 and a 200 day simple moving average of $120.02. The company has a current ratio of 0.84, a quick ratio of 0.67 and a debt-to-equity ratio of 0.54.

Canadian National Railway (NYSE:CNI – Get Rating) (TSE:CNR) last released its earnings results on Tuesday, April 26th. The transportation company reported $1.04 earnings per share for the quarter, missing analysts’ consensus estimates of $1.08 by ($0.04). The business had revenue of $3.71 billion during the quarter, compared to the consensus estimate of $3.67 billion. Canadian National Railway had a net margin of 33.32% and a return on equity of 20.48%. The firm’s revenue for the quarter was up 4.9% on a year-over-year basis. During the same period last year, the business posted $0.97 EPS. Research analysts anticipate that Canadian National Railway will post 5.44 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Canadian National Railway

Hedge funds and other institutional investors have recently made changes to their positions in the company. Hanson & Doremus Investment Management raised its position in shares of Canadian National Railway by 294.1% in the 1st quarter. Hanson & Doremus Investment Management now owns 201 shares of the transportation company’s stock valued at $27,000 after buying an additional 150 shares in the last quarter. Holloway Wealth Management LLC raised its position in shares of Canadian National Railway by 187.5% in the 1st quarter. Holloway Wealth Management LLC now owns 230 shares of the transportation company’s stock valued at $31,000 after buying an additional 150 shares in the last quarter. Tyler Stone Wealth Management acquired a new position in shares of Canadian National Railway in the 4th quarter valued at approximately $30,000. Dixon Hughes Goodman Wealth Advisors LLC acquired a new position in shares of Canadian National Railway in the 4th quarter valued at approximately $32,000. Finally, JJJ Advisors Inc. raised its position in shares of Canadian National Railway by 266.7% in the 1st quarter. JJJ Advisors Inc. now owns 275 shares of the transportation company’s stock valued at $37,000 after buying an additional 200 shares in the last quarter. 70.92% of the stock is currently owned by institutional investors and hedge funds.

Canadian National Railway Company Profile

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Canadian National Railway Company, together with its subsidiaries, engages in the rail and related transportation business. The company's portfolio of goods includes petroleum and chemicals, grain and fertilizers, coal, metals and minerals, forest products, intermodal, and automotive products serving exporters, importers, retailers, farmers, and manufacturers.