Brokerages Set Canadian National Railway (NYSE:CNI) Target Price at $124.02

Shares of Canadian National Railway (NYSE:CNI) (TSE:CNR) have been given a consensus recommendation of “Moderate Buy” by the eighteen analysts that are currently covering the company, Marketbeat reports. One analyst has rated the stock with a sell recommendation, six have assigned a hold recommendation, seven have given a buy recommendation and four have issued a strong buy recommendation on the company. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is $124.02.

A number of research analysts have recently weighed in on CNI shares. TD Securities upgraded Canadian National Railway from a “hold” rating to a “strong-buy” rating in a report on Monday, January 13th. Bank of America reduced 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. JPMorgan Chase & Co. raised Canadian National Railway from a “neutral” rating to an “overweight” rating in a report on Tuesday, January 7th. Veritas raised shares of Canadian National Railway from a “hold” rating to a “strong-buy” rating in a report on Wednesday, October 23rd. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and set a $174.00 target price on shares of Canadian National Railway in a report on Friday, January 10th.

Hedge Funds Weigh In On Canadian National Railway

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Fortitude Family Office LLC grew its stake in shares of Canadian National Railway by 738.7% in the 3rd quarter. Fortitude Family Office LLC now owns 260 shares of the transportation company’s stock valued at $30,000 after buying an additional 229 shares during the period. Coastline Trust Co acquired a new position in Canadian National Railway in the third quarter valued at approximately $34,000. Thurston Springer Miller Herd & Titak Inc. grew its position in Canadian National Railway by 48.2% in the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 332 shares of the transportation company’s stock worth $34,000 after acquiring an additional 108 shares during the period. Reston Wealth Management LLC acquired a new stake in Canadian National Railway during the third quarter worth $41,000. Finally, Sanctuary Wealth Management L.L.C. purchased a new stake in Canadian National Railway in the third quarter valued at $56,000. 80.74% of the stock is currently owned by institutional investors and hedge funds.

Canadian National Railway Stock Performance

Shares of CNI stock opened at $106.67 on Thursday. The company has a quick ratio of 0.49, a current ratio of 0.64 and a debt-to-equity ratio of 0.96. Canadian National Railway has a 52 week low of $98.96 and a 52 week high of $134.02. The firm has a 50 day moving average of $104.79 and a 200-day moving average of $111.36. The company has a market cap of $67.08 billion, a price-to-earnings ratio of 17.09, a price-to-earnings-growth ratio of 2.36 and a beta of 0.91.

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.