Canadian National Railway (NYSE:CNI – Get Free Report) (TSE:CNR) had its price objective cut by investment analysts at Barclays from $140.00 to $135.00 in a research note issued to investors on Monday,BayStreet.CA reports. The firm presently has an “equal weight” rating on the transportation company’s stock. Barclays‘s price target would suggest a potential upside of 39.92% from the stock’s previous close.
A number of other research analysts also recently weighed in on CNI. Susquehanna raised their target price on shares of Canadian National Railway from $115.00 to $116.00 and gave the company a “positive” rating in a research report on Monday, November 3rd. Weiss Ratings restated a “hold (c-)” rating on shares of Canadian National Railway in a research note on Wednesday, October 8th. BMO Capital Markets restated an “outperform” rating on shares of Canadian National Railway in a report on Monday. Wall Street Zen raised Canadian National Railway from a “sell” rating to a “hold” rating in a research report on Saturday, October 18th. Finally, CIBC upgraded Canadian National Railway from a “neutral” rating to an “outperformer” rating and raised their price target for the company from $146.00 to $151.00 in a research note on Friday, November 28th. One analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and ten have given a Hold rating to the stock. Based on data from MarketBeat, Canadian National Railway currently has a consensus rating of “Moderate Buy” and a consensus price target of $118.91.
Check Out Our Latest Research Report on Canadian National Railway
Canadian National Railway Stock Up 0.8%
Canadian National Railway (NYSE:CNI – Get Free Report) (TSE:CNR) last released its earnings results on Friday, January 30th. The transportation company reported $1.49 EPS for the quarter, beating the consensus estimate of $1.43 by $0.06. Canadian National Railway had a return on equity of 22.14% and a net margin of 27.28%.The firm had revenue of $3.24 billion for the quarter, compared to analysts’ expectations of $4.43 billion. During the same quarter in the previous year, the business posted $1.82 EPS. The business’s quarterly revenue was up 2.4% compared to the same quarter last year. On average, sell-side analysts anticipate that Canadian National Railway will post 5.52 earnings per share for the current fiscal year.
Hedge Funds Weigh In On Canadian National Railway
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Creative Financial Designs Inc. ADV lifted its stake in shares of Canadian National Railway by 13.4% during the 2nd quarter. Creative Financial Designs Inc. ADV now owns 929 shares of the transportation company’s stock worth $97,000 after buying an additional 110 shares during the last quarter. EverSource Wealth Advisors LLC grew its holdings in Canadian National Railway by 10.1% in the 3rd quarter. EverSource Wealth Advisors LLC now owns 1,231 shares of the transportation company’s stock valued at $116,000 after buying an additional 113 shares in the last quarter. Patten Group Inc. lifted its holdings in shares of Canadian National Railway by 1.4% during the fourth quarter. Patten Group Inc. now owns 8,326 shares of the transportation company’s stock worth $823,000 after buying an additional 114 shares in the last quarter. IFP Advisors Inc grew its stake in shares of Canadian National Railway by 3.3% in the second quarter. IFP Advisors Inc now owns 3,582 shares of the transportation company’s stock valued at $373,000 after acquiring an additional 115 shares in the last quarter. Finally, D.A. Davidson & CO. raised its stake in Canadian National Railway by 5.3% in the 2nd quarter. D.A. Davidson & CO. now owns 2,374 shares of the transportation company’s stock worth $247,000 after purchasing an additional 119 shares in the last quarter. 80.74% of the stock is owned by institutional investors.
Canadian National Railway News Roundup
Here are the key news stories impacting Canadian National Railway this week:
- Positive Sentiment: Company raised its quarterly dividend (to $0.915/share, ~3.1% increase year-over-year), boosting yield and income appeal for investors. (No link provided)
- Positive Sentiment: Senior management will speak at two upcoming conferences (CEO Tracy Robinson at Barclays; CFO Ghislain Houle at Citi), giving investors fresh access to guidance and operational commentary. Tracy Robinson to Address Barclays Conference CFO to Address Citi Conference
- Neutral Sentiment: Several brokers maintained constructive stances despite lowering targets — Citigroup kept a “buy” rating (PT cut to $115), implying mid-teens upside from current levels. Citigroup / BayStreet
- Neutral Sentiment: Barclays lowered its price target to $135 but set an “equal weight” rating (still signaling material upside vs today’s price). Barclays / BayStreet
- Neutral Sentiment: Other shops trimmed targets but kept neutral/in-line ratings (Evercore cut to $103; Stephens cut to $100), reflecting modestly reduced expectations rather than outright pessimism. Evercore/Stephens / Benzinga
- Negative Sentiment: UBS downgraded CNI from “strong-buy” to “hold,” which likely put downward pressure on momentum traders and income-oriented funds that follow UBS views. UBS downgrade / Zacks
- Negative Sentiment: Across the board there is a trend of lowered price targets; the cluster of cuts signals tempered 12–18 month expectations and is a headwind for near-term price appreciation. Analyst coverage roundup / Benzinga
About Canadian National Railway
Canadian National Railway Company (NYSE: CNI) is a Class I freight railway that operates an integrated rail network across Canada and the United States. Headquartered in Montreal, Quebec, CN provides long-haul freight transportation and related logistics services that connect major ports, industrial centers and inland markets throughout North America. Its transcontinental system enables cross-border movement of goods and supports supply chains that span coast-to-coast in Canada and into the central and eastern United States.
CN’s core business is the railborne transportation of a broad mix of commodities, including intermodal container traffic, forest and paper products, grain and other agricultural products, metallurgical and industrial products, petroleum and chemical products, coal and automotive shipments.
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