Canadian National Railway (NYSE:CNI) Price Target Cut to $171.00 by Analysts at Royal Bank of Canada

Canadian National Railway (NYSE:CNI - Get Free Report) TSE: CNR had its price objective reduced by equities research analysts at Royal Bank of Canada from $174.00 to $171.00 in a report issued on Friday,Benzinga reports. The firm presently has an "outperform" rating on the transportation company's stock. Royal Bank of Canada's target price suggests a potential upside of 68.00% from the stock's current price.

Several other research analysts have also recently weighed in on the company. Bank of America lowered their price objective on Canadian National Railway from $119.00 to $112.00 and set a "neutral" rating on the stock in a research report on Wednesday, January 8th. Jefferies Financial Group raised shares of Canadian National Railway from a "hold" rating to a "buy" rating and set a $120.00 price target on the stock in a research report on Friday, January 10th. Citigroup upgraded Canadian National Railway from a "neutral" rating to a "buy" rating and boosted their price target for the company from $126.00 to $130.00 in a research note on Tuesday, November 12th. The Goldman Sachs Group cut their price target on shares of Canadian National Railway from $131.00 to $124.00 and set a "sell" rating for the company in a report on Wednesday, October 9th. Finally, JPMorgan Chase & Co. upgraded Canadian National Railway from a "neutral" rating to an "overweight" rating in a research note on Tuesday, January 7th. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating, seven have issued a buy rating and four have issued a strong buy rating to the stock. According to data from MarketBeat, Canadian National Railway presently has an average rating of "Moderate Buy" and an average price target of $124.19.

Canadian National Railway Stock Performance

CNI stock traded up $3.07 during midday trading on Friday, reaching $101.79. 1,752,003 shares of the company were exchanged, compared to its average volume of 1,397,012. Canadian National Railway has a one year low of $98.69 and a one year high of $134.02. The firm has a market capitalization of $64.01 billion, a price-to-earnings ratio of 19.88, a price-to-earnings-growth ratio of 2.47 and a beta of 0.91. The business has a 50-day moving average price of $104.22 and a two-hundred day moving average price of $110.63. The company has a debt-to-equity ratio of 0.94, a current ratio of 0.66 and a quick ratio of 0.48.

Canadian National Railway (NYSE:CNI - Get Free Report) TSE: CNR last announced its earnings results on Thursday, January 30th. The transportation company reported $1.30 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%. Equities research analysts forecast that Canadian National Railway will post 5.52 EPS for the current year.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the company. Lincluden Management Ltd. grew its position in Canadian National Railway by 31.1% in the fourth quarter. Lincluden Management Ltd. now owns 362,587 shares of the transportation company's stock worth $36,819,000 after acquiring an additional 86,096 shares in the last quarter. Addison Advisors LLC raised its stake in shares of Canadian National Railway by 80.2% during the fourth quarter. Addison Advisors LLC now owns 319 shares of the transportation company's stock valued at $32,000 after acquiring an additional 142 shares during the last quarter. Crestwood Advisors Group LLC lifted its holdings in Canadian National Railway by 4.2% in the 4th quarter. Crestwood Advisors Group LLC now owns 2,814 shares of the transportation company's stock worth $286,000 after buying an additional 114 shares during the period. Y Intercept Hong Kong Ltd boosted its holdings in Canadian National Railway by 11.0% in the fourth quarter. Y Intercept Hong Kong Ltd now owns 7,799 shares of the transportation company's stock valued at $792,000 after acquiring an additional 776 shares in the last quarter. Finally, Union Bancaire Privee UBP SA purchased a new position in shares of Canadian National Railway during the fourth quarter valued at about $1,050,000. 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.