Canadian National Railway's (CNI) Outperform Rating Reaffirmed at Royal Bank of Canada

Canadian National Railway (NYSE:CNI - Get Free Report) TSE: CNR's stock had its "outperform" rating reiterated by research analysts at Royal Bank of Canada in a note issued to investors on Friday,Benzinga reports. They presently have a $174.00 price objective on the transportation company's stock. Royal Bank of Canada's price target would indicate a potential upside of 74.24% from the company's current price.

CNI has been the subject of a number of other research reports. The Goldman Sachs Group cut their price objective on shares of Canadian National Railway from $131.00 to $124.00 and set a "sell" rating for the company in a research note on Wednesday, October 9th. Sanford C. Bernstein cut their price objective on shares of Canadian National Railway from $130.67 to $126.29 and set a "market perform" rating for the company in a research note on Wednesday, October 9th. Evercore ISI raised shares of Canadian National Railway from a "hold" rating to a "strong-buy" rating in a research note on Thursday, December 19th. Bank of America cut their price objective on shares of Canadian National Railway from $119.00 to $112.00 and set a "neutral" rating for the company in a research note on Wednesday. Finally, Jefferies Financial Group raised 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 note on Friday. One analyst has rated the stock with a sell rating, nine have assigned a hold rating, six have given a buy rating and three have given a strong buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $125.94.

Canadian National Railway Price Performance

CNI stock traded down $2.54 during midday trading on Friday, reaching $99.86. The company had a trading volume of 1,554,832 shares, compared to its average volume of 1,199,938. The company has a debt-to-equity ratio of 0.96, a current ratio of 0.64 and a quick ratio of 0.49. Canadian National Railway has a 1 year low of $98.96 and a 1 year high of $134.02. The company has a market capitalization of $62.83 billion, a P/E ratio of 16.00, a P/E/G ratio of 2.43 and a beta of 0.91. The firm has a 50-day moving average price of $106.58 and a 200-day moving average price of $112.63.

Canadian National Railway (NYSE:CNI - Get Free Report) TSE: CNR last released its quarterly earnings results on Tuesday, October 22nd. The transportation company reported $1.72 EPS for the quarter, topping analysts' consensus estimates of $1.70 by $0.02. Canadian National Railway had a net margin of 31.65% and a return on equity of 23.62%. The business had revenue of $4.11 billion during the quarter, compared to analysts' expectations of $4.08 billion. During the same quarter in the previous year, the company earned $1.26 EPS. The business's quarterly revenue was up 3.1% compared to the same quarter last year. On average, research analysts anticipate that Canadian National Railway will post 5.31 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the stock. Grove Bank & Trust raised its holdings in Canadian National Railway by 15.3% in the 3rd quarter. Grove Bank & Trust now owns 730 shares of the transportation company's stock worth $86,000 after purchasing an additional 97 shares in the last quarter. Catalytic Wealth RIA LLC raised its holdings in Canadian National Railway by 2.3% in the 3rd quarter. Catalytic Wealth RIA LLC now owns 5,582 shares of the transportation company's stock worth $654,000 after purchasing an additional 123 shares in the last quarter. Harrington Investments INC raised its holdings in Canadian National Railway by 0.6% in the 3rd quarter. Harrington Investments INC now owns 20,346 shares of the transportation company's stock worth $2,384,000 after purchasing an additional 130 shares in the last quarter. EverSource Wealth Advisors LLC raised its holdings in Canadian National Railway by 15.6% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 972 shares of the transportation company's stock worth $113,000 after purchasing an additional 131 shares in the last quarter. Finally, Koshinski Asset Management Inc. raised its holdings in Canadian National Railway by 3.2% in the 3rd quarter. Koshinski Asset Management Inc. now owns 4,375 shares of the transportation company's stock worth $513,000 after purchasing an additional 135 shares in the last quarter. 80.74% of the stock is currently owned by institutional investors.

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.