Stifel Nicolaus Increases Canadian National Railway (NYSE:CNI) Price Target to $134.00

Canadian National Railway (NYSE:CNI) (TSE:CNR) had its price target increased by Stifel Nicolaus from $121.00 to $134.00 in a research report issued to clients and investors on Friday, Benzinga reports. The firm presently has a “hold” rating on the transportation company’s stock. Stifel Nicolaus’ target price suggests a potential upside of 4.32% from the company’s current price.

CNI has been the topic of a number of other reports. Bank of America raised Canadian National Railway from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $140.00 to $145.00 in a research note on Wednesday. Benchmark reissued a “hold” rating on shares of Canadian National Railway in a research note on Wednesday. TD Securities lowered Canadian National Railway from a “buy” rating to a “hold” rating in a research note on Monday, January 8th. Susquehanna Bancshares boosted their price objective on Canadian National Railway from $115.00 to $143.00 and gave the stock a “neutral” rating in a research note on Monday, January 8th. Finally, CIBC lowered Canadian National Railway from a “sector outperform” rating to a “neutral” rating in a research note on Wednesday, January 10th. Eighteen analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, Canadian National Railway has an average rating of “Hold” and an average target price of $147.52.

Canadian National Railway Stock Performance

Shares of NYSE:CNI opened at $128.45 on Friday. The company has a debt-to-equity ratio of 0.80, a current ratio of 0.61 and a quick ratio of 0.47. The business’s 50 day moving average price is $129.76 and its 200-day moving average price is $121.08. The firm has a market capitalization of $82.25 billion, a PE ratio of 20.26, a P/E/G ratio of 2.24 and a beta of 0.88. Canadian National Railway has a 1 year low of $103.96 and a 1 year high of $134.02.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last issued its quarterly earnings results on Tuesday, January 23rd. The transportation company reported $1.48 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.46 by $0.02. The firm had revenue of $3.28 billion for the quarter, compared to analyst estimates of $3.25 billion. Canadian National Railway had a return on equity of 23.56% and a net margin of 33.38%. As a group, equities research analysts expect that Canadian National Railway will post 5.96 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Canadian National Railway

Several institutional investors and hedge funds have recently modified their holdings of CNI. O Dell Group LLC purchased a new stake in shares of Canadian National Railway in the 4th quarter valued at $29,000. Tyler Stone Wealth Management purchased a new stake in shares of Canadian National Railway in the 2nd quarter valued at $30,000. GAMMA Investing LLC raised its holdings in shares of Canadian National Railway by 766.7% in the 1st quarter. GAMMA Investing LLC now owns 234 shares of the transportation company’s stock valued at $31,000 after buying an additional 207 shares during the period. JFS Wealth Advisors LLC raised its holdings in shares of Canadian National Railway by 241.1% in the 3rd quarter. JFS Wealth Advisors LLC now owns 324 shares of the transportation company’s stock valued at $35,000 after buying an additional 229 shares during the period. Finally, EverSource Wealth Advisors LLC raised its holdings in shares of Canadian National Railway by 121.0% in the 3rd quarter. EverSource Wealth Advisors LLC now owns 369 shares of the transportation company’s stock valued at $40,000 after buying an additional 202 shares during the period. Hedge funds and other institutional investors own 80.74% of the company’s stock.

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.