Canadian National Railway (NYSE:CNI) PT Raised to $142.00 at Susquehanna

Canadian National Railway (NYSE:CNI) (TSE:CNR) had its price objective hoisted by equities research analysts at Susquehanna from $140.00 to $142.00 in a note issued to investors on Wednesday, Benzinga reports. The firm presently has a “neutral” rating on the transportation company’s stock. Susquehanna’s price objective points to a potential upside of 13.80% from the company’s current price.

Several other research firms have also weighed in on CNI. Barclays upped their price objective on shares of Canadian National Railway from $127.00 to $130.00 and gave the company an “equal weight” rating in a research note on Thursday, April 4th. Bank of America upgraded shares of Canadian National Railway from a “neutral” rating to a “buy” rating and upped their price objective for the company from $140.00 to $145.00 in a research note on Wednesday, April 10th. TD Securities lowered shares of Canadian National Railway from a “buy” rating to a “hold” rating in a research note on Monday, January 8th. CIBC lowered shares of Canadian National Railway from a “sector outperform” rating to a “neutral” rating in a research note on Wednesday, January 10th. Finally, Stephens upped their price objective on shares of Canadian National Railway from $122.00 to $135.00 and gave the company an “equal weight” rating in a research note on Thursday, January 4th. Eighteen research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $148.60.

Canadian National Railway Stock Up 1.6 %

Shares of NYSE:CNI opened at $124.78 on Wednesday. The company has a debt-to-equity ratio of 0.84, a quick ratio of 0.47 and a current ratio of 0.60. The company has a market cap of $79.70 billion, a PE ratio of 19.90, a price-to-earnings-growth ratio of 2.14 and a beta of 0.88. Canadian National Railway has a 52 week low of $103.96 and a 52 week high of $134.02. The firm has a 50 day simple moving average of $129.58 and a 200 day simple moving average of $122.22.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last issued its quarterly earnings results on Tuesday, January 23rd. The transportation company reported $1.48 EPS for the quarter, beating the consensus estimate of $1.46 by $0.02. The business had revenue of $3.28 billion during the quarter, compared to the consensus estimate of $3.25 billion. Canadian National Railway had a net margin of 32.81% and a return on equity of 23.27%. As a group, research analysts expect that Canadian National Railway will post 5.93 earnings per share for the current year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Petredis Investment Advisors LLC grew its stake in Canadian National Railway by 1.0% in the 1st quarter. Petredis Investment Advisors LLC now owns 23,030 shares of the transportation company’s stock valued at $3,033,000 after buying an additional 238 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in Canadian National Railway by 0.3% in the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 241,054 shares of the transportation company’s stock valued at $31,773,000 after purchasing an additional 789 shares during the period. Zullo Investment Group Inc. bought a new stake in Canadian National Railway in the 1st quarter valued at $204,000. Simplicity Wealth LLC bought a new stake in Canadian National Railway in the 1st quarter valued at $797,000. Finally, Spire Wealth Management boosted its holdings in Canadian National Railway by 10.7% in the 1st quarter. Spire Wealth Management now owns 5,458 shares of the transportation company’s stock valued at $719,000 after purchasing an additional 526 shares during the period. 80.74% of the stock is currently owned by institutional investors and hedge funds.

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.