Canadian National Railway (NYSE:CNI) Receives $124.02 Average Price Target from Analysts

Canadian National Railway (NYSE:CNIGet Free Report) (TSE:CNR) has been given a consensus rating of “Moderate Buy” by the eighteen analysts that are covering the firm, MarketBeat reports. One analyst has rated the stock with a sell rating, six have issued a hold rating, seven have given a buy rating and four have assigned a strong buy rating to the company. The average 1 year price target among analysts that have issued ratings on the stock in the last year is $124.02.

Several analysts have recently commented on the company. Wells Fargo & Company decreased their target price on Canadian National Railway from $125.00 to $123.00 and set an “overweight” rating on the stock in a report on Monday, January 13th. Veritas raised shares of Canadian National Railway from a “hold” rating to a “strong-buy” rating in a report on Wednesday, October 23rd. Susquehanna dropped their target price on shares of Canadian National Railway from $125.00 to $115.00 and set a “neutral” rating for the company in a research note on Wednesday, January 8th. Royal Bank of Canada reissued an “outperform” rating and set a $174.00 price target on shares of Canadian National Railway in a research note on Friday, January 10th. Finally, Jefferies Financial Group upgraded shares of Canadian National Railway from a “hold” rating to a “buy” rating and set a $120.00 price objective for the company in a research report on Friday, January 10th.

View Our Latest Stock Report on CNI

Hedge Funds Weigh In On Canadian National Railway

Several institutional investors have recently modified their holdings of CNI. National Bank of Canada FI increased its position in shares of Canadian National Railway by 46.5% in the 3rd quarter. National Bank of Canada FI now owns 6,737,322 shares of the transportation company’s stock valued at $789,030,000 after buying an additional 2,137,948 shares in the last quarter. Canoe Financial LP acquired a new position in Canadian National Railway in the fourth quarter valued at about $216,943,000. Point72 Asset Management L.P. bought a new stake in shares of Canadian National Railway in the third quarter worth about $159,907,000. Wellington Management Group LLP raised its position in shares of Canadian National Railway by 4.4% during the third quarter. Wellington Management Group LLP now owns 18,562,189 shares of the transportation company’s stock worth $2,175,935,000 after purchasing an additional 790,420 shares during the period. Finally, Toronto Dominion Bank lifted its holdings in shares of Canadian National Railway by 64.5% during the 3rd quarter. Toronto Dominion Bank now owns 1,492,218 shares of the transportation company’s stock valued at $174,813,000 after purchasing an additional 584,832 shares in the last quarter. 80.74% of the stock is currently owned by institutional investors and hedge funds.

Canadian National Railway Stock Down 0.6 %

NYSE CNI opened at $105.59 on Thursday. The stock’s 50 day simple moving average is $104.79 and its 200 day simple moving average is $111.44. Canadian National Railway has a one year low of $98.96 and a one year high of $134.02. The firm has a market cap of $66.40 billion, a PE ratio of 16.92, a price-to-earnings-growth ratio of 2.36 and a beta of 0.91. The company has a debt-to-equity ratio of 0.96, a current ratio of 0.64 and a quick ratio of 0.49.

About Canadian National Railway

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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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