Canadian National Railway (NYSE:CNI) Receives Outperform Rating from Royal Bank of Canada

Canadian National Railway (NYSE:CNI) (TSE:CNR)‘s stock had its “outperform” rating restated by analysts at Royal Bank of Canada in a research note issued to investors on Friday,Benzinga reports. They presently have a $174.00 price target on the transportation company’s stock. Royal Bank of Canada’s target price would indicate a potential upside of 72.81% from the stock’s previous close.

Other analysts have also issued research reports about the company. Wells Fargo & Company decreased their price objective on Canadian National Railway from $133.00 to $125.00 and set an “overweight” rating for the company in a report on Tuesday. Susquehanna decreased their price target on shares of Canadian National Railway from $125.00 to $115.00 and set a “neutral” rating for the company in a report on Wednesday. Barclays lifted their price objective on shares of Canadian National Railway from $120.00 to $121.00 and gave the stock an “equal weight” rating in a research note on Wednesday, September 25th. Sanford C. Bernstein cut their target price on Canadian National Railway from $130.67 to $126.29 and set a “market perform” rating on the stock in a research report on Wednesday, October 9th. Finally, Benchmark reiterated a “hold” rating on shares of Canadian National Railway in a research note on Thursday, October 24th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating, six have given a buy rating and three have issued a strong buy rating to the stock. According to MarketBeat, Canadian National Railway has an average rating of “Moderate Buy” and an average price target of $125.94.

Canadian National Railway Stock Down 1.7 %

CNI stock traded down $1.71 during trading on Friday, reaching $100.69. 490,183 shares of the company traded hands, compared to its average volume of 1,016,138. The business has a 50 day simple moving average of $106.58 and a 200 day simple moving average of $112.63. Canadian National Railway has a 12 month low of $98.96 and a 12 month high of $134.02. The company has a debt-to-equity ratio of 0.96, a quick ratio of 0.49 and a current ratio of 0.64. The company has a market capitalization of $63.35 billion, a price-to-earnings ratio of 16.14, a price-to-earnings-growth ratio of 2.43 and a beta of 0.91.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last issued its quarterly earnings data on Tuesday, October 22nd. The transportation company reported $1.72 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.70 by $0.02. Canadian National Railway had a net margin of 31.65% and a return on equity of 23.62%. The firm had revenue of $4.11 billion for the quarter, compared to the consensus estimate of $4.08 billion. During the same quarter in the previous year, the firm earned $1.26 EPS. The company’s quarterly revenue was up 3.1% compared to the same quarter last year. On average, equities research analysts anticipate that Canadian National Railway will post 5.31 earnings per share for the current fiscal year.

Institutional Trading of Canadian National Railway

A number of hedge funds have recently added to or reduced their stakes in the company. Wellington Management Group LLP increased its holdings in Canadian National Railway by 4.4% in the third quarter. Wellington Management Group LLP now owns 18,562,189 shares of the transportation company’s stock valued at $2,175,935,000 after buying an additional 790,420 shares in the last quarter. 1832 Asset Management L.P. grew its position in shares of Canadian National Railway by 7.8% during the 2nd quarter. 1832 Asset Management L.P. now owns 9,365,622 shares of the transportation company’s stock valued at $1,106,361,000 after acquiring an additional 674,536 shares during the period. JARISLOWSKY FRASER Ltd raised its holdings in Canadian National Railway by 1.2% in the 2nd quarter. JARISLOWSKY FRASER Ltd now owns 8,610,928 shares of the transportation company’s stock worth $1,017,315,000 after purchasing an additional 99,716 shares during the period. National Bank of Canada FI boosted its position in Canadian National Railway by 46.5% during the third quarter. National Bank of Canada FI now owns 6,737,322 shares of the transportation company’s stock worth $789,030,000 after purchasing an additional 2,137,948 shares in the last quarter. Finally, Fiera Capital Corp grew its holdings in Canadian National Railway by 0.7% in the third quarter. Fiera Capital Corp now owns 5,482,524 shares of the transportation company’s stock valued at $642,828,000 after purchasing an additional 39,063 shares during the period. 80.74% of the stock is owned by hedge funds and other institutional investors.

Canadian National Railway Company Profile

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.