Susquehanna Lowers Canadian National Railway (NYSE:CNI) Price Target to $140.00

Canadian National Railway (NYSE:CNIGet Free Report) (TSE:CNR) had its target price decreased by Susquehanna from $143.00 to $140.00 in a report issued on Thursday, Benzinga reports. The firm currently has a “neutral” rating on the transportation company’s stock. Susquehanna’s price target suggests a potential upside of 6.29% from the company’s current price.

Several other research analysts also recently weighed in on CNI. Citigroup upped their price target on Canadian National Railway from $121.00 to $128.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 24th. Stephens upped their price target on Canadian National Railway from $122.00 to $135.00 and gave the stock an “equal weight” rating in a research note on Thursday, January 4th. TD Securities downgraded Canadian National Railway from a “buy” rating to a “hold” rating in a research note on Monday, January 8th. CIBC downgraded Canadian National Railway from a “sector outperform” rating to a “neutral” rating in a research note on Wednesday, January 10th. Finally, Bank of America upped their price objective on Canadian National Railway from $131.00 to $140.00 and gave the stock a “neutral” rating in a report on Thursday, March 21st. Seventeen research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $146.70.

Read Our Latest Research Report on Canadian National Railway

Canadian National Railway Stock Up 0.0 %

CNI stock opened at $131.71 on Thursday. Canadian National Railway has a twelve month low of $103.96 and a twelve month high of $134.02. The company has a quick ratio of 0.47, a current ratio of 0.61 and a debt-to-equity ratio of 0.80. The stock has a market cap of $84.34 billion, a P/E ratio of 20.77, a PEG ratio of 2.35 and a beta of 0.88. The business’s 50-day moving average price is $128.57 and its 200-day moving average price is $119.64.

Canadian National Railway (NYSE:CNIGet Free Report) (TSE:CNR) last posted its quarterly earnings data on Tuesday, January 23rd. The transportation company reported $1.48 earnings per share for the quarter, beating analysts’ consensus estimates of $1.46 by $0.02. Canadian National Railway had a return on equity of 23.56% and a net margin of 33.38%. The firm had revenue of $3.28 billion for the quarter, compared to analysts’ expectations of $3.25 billion. On average, equities research analysts forecast that Canadian National Railway will post 5.96 EPS for the current year.

Institutional Trading of Canadian National Railway

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Vanguard Group Inc. increased its stake in Canadian National Railway by 1.8% in the fourth quarter. Vanguard Group Inc. now owns 22,395,401 shares of the transportation company’s stock worth $2,813,534,000 after purchasing an additional 387,975 shares during the period. Wellington Management Group LLP increased its stake in Canadian National Railway by 9.6% in the fourth quarter. Wellington Management Group LLP now owns 21,868,740 shares of the transportation company’s stock worth $2,761,473,000 after purchasing an additional 1,907,938 shares during the period. FIL Ltd increased its stake in Canadian National Railway by 7.2% in the fourth quarter. FIL Ltd now owns 19,189,809 shares of the transportation company’s stock worth $2,412,032,000 after purchasing an additional 1,280,726 shares during the period. Caisse DE Depot ET Placement DU Quebec increased its stake in Canadian National Railway by 5.0% in the third quarter. Caisse DE Depot ET Placement DU Quebec now owns 13,067,300 shares of the transportation company’s stock worth $1,421,649,000 after purchasing an additional 625,500 shares during the period. Finally, TD Asset Management Inc grew its position in shares of Canadian National Railway by 2.8% during the 4th quarter. TD Asset Management Inc now owns 11,651,919 shares of the transportation company’s stock worth $1,471,733,000 after buying an additional 314,600 shares in the last quarter. Hedge funds and other institutional investors own 80.74% of the company’s stock.

Canadian National Railway Company Profile

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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.

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Analyst Recommendations for Canadian National Railway (NYSE:CNI)

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