Canadian National Railway (NYSE:CNI) Given New $115.00 Price Target at Stifel Nicolaus

Canadian National Railway (NYSE:CNI - Get Free Report) TSE: CNR had its target price cut by equities research analysts at Stifel Nicolaus from $125.00 to $115.00 in a research note issued on Monday,Benzinga reports. The firm presently has a "buy" rating on the transportation company's stock. Stifel Nicolaus' price objective indicates a potential upside of 15.91% from the company's previous close.

Several other equities research analysts have also commented on the stock. TD Securities raised shares of Canadian National Railway from a "hold" rating to a "strong-buy" rating in a research report on Monday, January 13th. Jefferies Financial Group reduced their target price on shares of Canadian National Railway from $120.00 to $110.00 and set a "buy" rating for the company in a report on Wednesday, April 9th. Barclays dropped their price target on shares of Canadian National Railway from $112.00 to $104.00 and set an "equal weight" rating on the stock in a research note on Wednesday, April 2nd. Wells Fargo & Company lowered their target price on Canadian National Railway from $125.00 to $123.00 and set an "overweight" rating on the stock in a research report on Monday, January 13th. Finally, Susquehanna reduced their price target on Canadian National Railway from $115.00 to $113.00 and set a "neutral" rating for the company in a research report on Thursday, March 27th. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating, seven have given a buy rating and four have given a strong buy rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $120.36.

Canadian National Railway Stock Performance

NYSE:CNI traded up $0.67 during mid-day trading on Monday, reaching $99.21. The company's stock had a trading volume of 1,159,602 shares, compared to its average volume of 1,283,966. The firm's fifty day moving average price is $98.99 and its two-hundred day moving average price is $104.37. The company has a current ratio of 0.66, a quick ratio of 0.48 and a debt-to-equity ratio of 0.94. The stock has a market cap of $62.35 billion, a P/E ratio of 19.38, a PEG ratio of 1.95 and a beta of 0.93. Canadian National Railway has a 12-month low of $91.65 and a 12-month high of $130.63.

Canadian National Railway (NYSE:CNI - Get Free Report) TSE: CNR last issued its earnings results 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 return on equity of 22.48% and a net margin of 26.09%. On average, equities analysts forecast that Canadian National Railway will post 5.52 EPS for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. Synovus Financial Corp grew its position in Canadian National Railway by 82.3% in the 3rd quarter. Synovus Financial Corp now owns 13,873 shares of the transportation company's stock valued at $1,625,000 after acquiring an additional 6,261 shares during the last quarter. Sustainable Insight Capital Management LLC purchased a new stake in Canadian National Railway during the fourth quarter worth $436,000. Threadgill Financial LLC increased its holdings in shares of Canadian National Railway by 75.9% in the 4th quarter. Threadgill Financial LLC now owns 22,476 shares of the transportation company's stock valued at $2,282,000 after acquiring an additional 9,701 shares during the period. CIBC Asset Management Inc raised its position in shares of Canadian National Railway by 12.6% in the 4th quarter. CIBC Asset Management Inc now owns 5,119,674 shares of the transportation company's stock worth $519,843,000 after acquiring an additional 571,967 shares in the last quarter. Finally, Blue Trust Inc. boosted its position in Canadian National Railway by 26.5% during the fourth quarter. Blue Trust Inc. now owns 1,646 shares of the transportation company's stock valued at $167,000 after purchasing an additional 345 shares in the last quarter. Institutional investors own 80.74% of the company's stock.

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.