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

Canadian National Railway (NYSE:CNI) (TSE:CNR) had its target price upped by stock analysts at Barclays from $97.00 to $98.00 in a research note issued on Friday,Benzinga reports. The firm presently has an “equal weight” rating on the transportation company’s stock. Barclays‘s price objective suggests a potential downside of 3.45% from the company’s current price.

CNI has been the subject of a number of other research reports. UBS Group downgraded shares of Canadian National Railway from a “strong-buy” rating to a “hold” rating in a research note on Monday, February 2nd. BMO Capital Markets reiterated an “outperform” rating on shares of Canadian National Railway in a research note on Monday, February 2nd. Zacks Research raised Canadian National Railway from a “strong sell” rating to a “hold” rating in a research report on Friday, November 28th. Stephens cut their price objective on Canadian National Railway from $105.00 to $100.00 and set an “equal weight” rating on the stock in a report on Monday, February 2nd. Finally, Canadian Imperial Bank of Commerce raised Canadian National Railway from a “hold” rating to an “outperformer” rating and lifted their target price for the stock from $146.00 to $151.00 in a report on Friday, November 28th. Ten research analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $115.55.

Canadian National Railway Stock Performance

CNI stock opened at $101.51 on Friday. Canadian National Railway has a twelve month low of $90.74 and a twelve month high of $113.08. The firm has a market cap of $62.05 billion, a price-to-earnings ratio of 18.69, a PEG ratio of 2.11 and a beta of 0.90. The business’s fifty day simple moving average is $104.12 and its two-hundred day simple moving average is $98.89. The company has a quick ratio of 0.47, a current ratio of 0.67 and a debt-to-equity ratio of 0.94.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last issued its earnings results on Friday, January 30th. The transportation company reported $1.49 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.43 by $0.06. The firm had revenue of $3.24 billion during the quarter, compared to analyst estimates of $4.43 billion. Canadian National Railway had a net margin of 27.28% and a return on equity of 22.14%. The business’s revenue was up 2.4% on a year-over-year basis. During the same period in the previous year, the firm earned $1.82 earnings per share. Analysts predict that Canadian National Railway will post 5.52 earnings per share for the current year.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the stock. Minot DeBlois Advisors LLC lifted its holdings in Canadian National Railway by 2.0% in the fourth quarter. Minot DeBlois Advisors LLC now owns 5,132 shares of the transportation company’s stock valued at $507,000 after acquiring an additional 103 shares during the period. Smartleaf Asset Management LLC grew its stake in shares of Canadian National Railway by 19.4% during the 4th quarter. Smartleaf Asset Management LLC now owns 635 shares of the transportation company’s stock worth $63,000 after purchasing an additional 103 shares during the period. Tacita Capital Inc increased its holdings in shares of Canadian National Railway by 0.6% during the 4th quarter. Tacita Capital Inc now owns 19,809 shares of the transportation company’s stock valued at $1,960,000 after purchasing an additional 109 shares in the last quarter. Roberts Glore & Co. Inc. IL increased its holdings in shares of Canadian National Railway by 1.5% during the 4th quarter. Roberts Glore & Co. Inc. IL now owns 7,233 shares of the transportation company’s stock valued at $715,000 after purchasing an additional 110 shares in the last quarter. Finally, EverSource Wealth Advisors LLC lifted its stake in shares of Canadian National Railway by 10.1% in the 3rd quarter. EverSource Wealth Advisors LLC now owns 1,231 shares of the transportation company’s stock valued at $116,000 after purchasing an additional 113 shares during the period. 80.74% of the stock is currently owned by hedge funds and other institutional investors.

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.