Canadian National Railway (NYSE:CNI) Price Target Lowered to $113.00 at Susquehanna

Canadian National Railway (NYSE:CNI - Get Free Report) TSE: CNR had its target price lowered by analysts at Susquehanna from $115.00 to $113.00 in a report issued on Thursday,Benzinga reports. The brokerage presently has a "neutral" rating on the transportation company's stock. Susquehanna's price objective points to a potential upside of 15.81% from the company's previous close.

A number of other equities analysts also recently commented on the stock. Bank of America dropped their target price on Canadian National Railway from $119.00 to $112.00 and set a "neutral" rating on the stock in a report on Wednesday, January 8th. Jefferies Financial Group upgraded Canadian National Railway from a "hold" rating to a "buy" rating and set a $120.00 target price for the company in a research note on Friday, January 10th. Stifel Nicolaus increased their price target on shares of Canadian National Railway from $120.00 to $125.00 and gave the company a "buy" rating in a research note on Friday, January 31st. JPMorgan Chase & Co. upgraded shares of Canadian National Railway from a "neutral" rating to an "overweight" rating in a report on Tuesday, January 7th. Finally, TD Securities upgraded shares of Canadian National Railway from a "hold" rating to a "strong-buy" rating in a research note on Monday, January 13th. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating, seven have assigned a buy rating and four have assigned a strong buy rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $124.02.

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Canadian National Railway Stock Up 0.1 %

Shares of Canadian National Railway stock traded up $0.12 during trading hours on Thursday, reaching $97.57. 401,205 shares of the company were exchanged, compared to its average volume of 1,236,368. The firm has a market cap of $61.31 billion, a PE ratio of 19.05, a PEG ratio of 1.95 and a beta of 0.91. The stock's fifty day moving average is $101.07 and its 200 day moving average is $106.51. Canadian National Railway has a 1 year low of $93.64 and a 1 year high of $132.27. The company has a debt-to-equity ratio of 0.94, a quick ratio of 0.48 and a current ratio of 0.66.

Canadian National Railway (NYSE:CNI - Get Free Report) TSE: CNR last announced its quarterly earnings data on Thursday, January 30th. The transportation company reported $1.30 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.39 by ($0.09). Canadian National Railway had a net margin of 26.09% and a return on equity of 22.48%. As a group, equities research analysts forecast that Canadian National Railway will post 5.52 earnings per share for the current year.

Institutional Investors Weigh In On Canadian National Railway

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Norges Bank purchased a new position in shares of Canadian National Railway in the 4th quarter valued at about $563,048,000. National Bank of Canada FI boosted its stake in shares of Canadian National Railway by 46.5% during the 3rd quarter. National Bank of Canada FI now owns 6,737,322 shares of the transportation company's stock worth $789,030,000 after acquiring an additional 2,137,948 shares in the last quarter. Canoe Financial LP acquired a new stake in shares of Canadian National Railway in the 4th quarter worth approximately $216,943,000. Royal Bank of Canada increased its stake in Canadian National Railway by 7.5% in the 4th quarter. Royal Bank of Canada now owns 27,757,038 shares of the transportation company's stock valued at $2,817,616,000 after purchasing an additional 1,934,622 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD boosted its position in Canadian National Railway by 33.6% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 5,489,874 shares of the transportation company's stock worth $557,278,000 after purchasing an additional 1,380,554 shares in the last quarter. Institutional investors and hedge funds own 80.74% of the company's stock.

About Canadian National Railway

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.