Barclays Boosts Canadian National Railway (NYSE:CNI) Price Target to $121.00

Canadian National Railway (NYSE:CNI - Get Free Report) TSE: CNR had its price target hoisted by analysts at Barclays from $120.00 to $121.00 in a note issued to investors on Wednesday, Benzinga reports. The brokerage presently has an "equal weight" rating on the transportation company's stock. Barclays's price objective points to a potential upside of 4.55% from the stock's previous close.

Other analysts also recently issued research reports about the stock. Wells Fargo & Company dropped their price target on shares of Canadian National Railway from $130.00 to $125.00 and set an "equal weight" rating on the stock in a report on Wednesday, July 24th. Stephens cut their target price on shares of Canadian National Railway from $127.00 to $122.00 and set an "equal weight" rating for the company in a research report on Wednesday, July 24th. Benchmark reiterated a "hold" rating on shares of Canadian National Railway in a research note on Wednesday, July 24th. Stifel Nicolaus dropped their price target on Canadian National Railway from $137.00 to $133.00 and set a "hold" rating on the stock in a research note on Wednesday, July 24th. Finally, Susquehanna cut their price objective on Canadian National Railway from $135.00 to $130.00 and set a "neutral" rating for the company in a report on Wednesday, July 24th. Sixteen equities research analysts have rated the stock with a hold rating, two have given a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, Canadian National Railway presently has an average rating of "Hold" and an average price target of $135.24.

Canadian National Railway Stock Down 1.8 %

Shares of CNI traded down $2.18 on Wednesday, hitting $115.73. 648,359 shares of the stock traded hands, compared to its average volume of 1,092,486. The company has a market capitalization of $72.88 billion, a PE ratio of 18.47, a P/E/G ratio of 2.49 and a beta of 0.88. Canadian National Railway has a one year low of $103.96 and a one year high of $134.02. The company has a debt-to-equity ratio of 0.93, a quick ratio of 0.48 and a current ratio of 0.63. The business has a 50 day simple moving average of $116.03 and a 200 day simple moving average of $121.96.

Canadian National Railway (NYSE:CNI - Get Free Report) TSE: CNR last posted its quarterly earnings results on Tuesday, July 23rd. The transportation company reported $1.84 earnings per share for the quarter, missing the consensus estimate of $1.93 by ($0.09). Canadian National Railway had a return on equity of 23.58% and a net margin of 32.00%. The business had revenue of $4.33 billion during the quarter, compared to analysts' expectations of $4.40 billion. During the same quarter in the prior year, the firm earned $1.31 EPS. The firm's revenue for the quarter was up 6.7% compared to the same quarter last year. As a group, equities analysts forecast that Canadian National Railway will post 5.58 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Canadian National Railway

A number of institutional investors have recently bought and sold shares of CNI. Thurston Springer Miller Herd & Titak Inc. bought a new stake in shares of Canadian National Railway during the second quarter valued at approximately $26,000. Addison Advisors LLC lifted its stake in Canadian National Railway by 159.1% in the 2nd quarter. Addison Advisors LLC now owns 241 shares of the transportation company's stock worth $28,000 after purchasing an additional 148 shares in the last quarter. GAMMA Investing LLC lifted its stake in Canadian National Railway by 766.7% in the 1st quarter. GAMMA Investing LLC now owns 234 shares of the transportation company's stock worth $31,000 after purchasing an additional 207 shares in the last quarter. ORG Partners LLC purchased a new position in shares of Canadian National Railway during the second quarter valued at about $34,000. Finally, Daiwa Securities Group Inc. bought a new stake in shares of Canadian National Railway in the first quarter worth about $64,000. Hedge funds and other 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.