Citigroup Has Lowered Expectations for Canadian National Railway (NYSE:CNI) Stock Price

Canadian National Railway (NYSE:CNI) (TSE:CNR) had its price objective reduced by analysts at Citigroup from $122.00 to $114.00 in a research report issued to clients and investors on Tuesday, MarketBeat Ratings reports. The brokerage presently has a “buy” rating on the transportation company’s stock. Citigroup’s price objective would indicate a potential upside of 15.89% from the stock’s previous close.

A number of other analysts also recently weighed in on the stock. Bank of America decreased their target price on shares of Canadian National Railway from $119.00 to $112.00 and set a “neutral” rating for the company in a research report on Wednesday, January 8th. Stifel Nicolaus upped their target price on Canadian National Railway from $120.00 to $125.00 and gave the company a “buy” rating in a research report on Friday, January 31st. Royal Bank of Canada lowered their target price on Canadian National Railway from $174.00 to $171.00 and set an “outperform” rating for the company in a report on Friday, January 31st. Loop Capital downgraded shares of Canadian National Railway from a “hold” rating to a “sell” rating in a research report on Monday, February 3rd. Finally, Jefferies Financial Group raised shares of Canadian National Railway from a “hold” rating to a “buy” rating and set a $120.00 price target for the company in a research note on Friday, January 10th. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating, seven have assigned a buy rating and four have given a strong buy rating to the company. Based on data from MarketBeat, Canadian National Railway has an average rating of “Moderate Buy” and a consensus target price of $121.19.

Canadian National Railway Stock Performance

NYSE:CNI opened at $98.37 on Tuesday. The stock’s 50-day moving average is $99.46 and its 200-day moving average is $105.17. The stock has a market cap of $61.82 billion, a P/E ratio of 19.21, a price-to-earnings-growth ratio of 1.95 and a beta of 0.93. Canadian National Railway has a 1-year low of $91.65 and a 1-year high of $132.27. The company has a current ratio of 0.66, a quick ratio of 0.48 and a debt-to-equity ratio of 0.94.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last posted its earnings results on Thursday, January 30th. The transportation company reported $1.30 earnings per share for the quarter, missing analysts’ consensus estimates of $1.39 by ($0.09). Canadian National Railway had a return on equity of 22.48% and a net margin of 26.09%. Equities research analysts anticipate that Canadian National Railway will post 5.52 earnings per share for the current year.

Hedge Funds Weigh In On Canadian National Railway

Large investors have recently modified their holdings of the business. Norges Bank purchased a new position in Canadian National Railway in the 4th quarter valued at approximately $563,048,000. Canoe Financial LP purchased a new position in shares of Canadian National Railway in the fourth quarter valued at $216,943,000. Royal Bank of Canada raised its stake in shares of Canadian National Railway by 7.5% during the 4th quarter. Royal Bank of Canada now owns 27,757,038 shares of the transportation company’s stock valued at $2,817,616,000 after purchasing an additional 1,934,622 shares during the period. Price T Rowe Associates Inc. MD raised its stake in shares of Canadian National Railway by 33.6% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 5,489,874 shares of the transportation company’s stock valued at $557,278,000 after purchasing an additional 1,380,554 shares during the period. Finally, Capital International Investors lifted its holdings in Canadian National Railway by 12.8% during the 4th quarter. Capital International Investors now owns 11,822,063 shares of the transportation company’s stock worth $1,199,680,000 after purchasing an additional 1,341,133 shares in the last quarter. 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.