Citigroup Issues Pessimistic Forecast for Canadian National Railway (NYSE:CNI) Stock Price

Canadian National Railway (NYSE:CNI) (TSE:CNR) had its price target dropped by equities research analysts at Citigroup from $119.00 to $115.00 in a note issued to investors on Monday, MarketBeat.com reports. The brokerage currently has a “buy” rating on the transportation company’s stock. Citigroup’s price target indicates a potential upside of 19.19% from the company’s current price.

Several other research firms have also commented on CNI. Cibc Captl Mkts raised Canadian National Railway from a “hold” rating to a “strong-buy” rating in a research report on Friday, November 28th. Weiss Ratings reiterated a “hold (c-)” rating on shares of Canadian National Railway in a research note on Wednesday, October 8th. Vertical Research raised shares of Canadian National Railway from a “hold” rating to a “buy” rating in a research report on Monday, January 5th. Wells Fargo & Company cut their price objective on shares of Canadian National Railway from $117.00 to $110.00 and set an “overweight” rating on the stock in a research report on Monday, October 6th. Finally, Royal Bank Of Canada reduced their price objective on shares of Canadian National Railway from $153.00 to $151.00 and set an “outperform” rating for the company in a research note on Monday. One analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and ten have issued a Hold rating to the stock. According to MarketBeat.com, Canadian National Railway has an average rating of “Moderate Buy” and a consensus price target of $118.91.

Canadian National Railway Trading Up 0.8%

NYSE:CNI opened at $96.48 on Monday. Canadian National Railway has a one year low of $90.74 and a one year high of $108.75. The company has a debt-to-equity ratio of 0.94, a quick ratio of 0.42 and a current ratio of 0.67. The firm has a market cap of $59.28 billion, a P/E ratio of 17.77, a P/E/G ratio of 2.00 and a beta of 0.94. The firm has a 50-day simple moving average of $98.28 and a 200-day simple moving average of $96.04.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last released its quarterly earnings data on Friday, January 30th. The transportation company reported $1.49 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.43 by $0.06. The firm had revenue of $3.24 billion for the quarter, compared to the consensus estimate of $4.43 billion. Canadian National Railway had a net margin of 27.28% and a return on equity of 22.14%. The company’s quarterly revenue was up 2.4% on a year-over-year basis. During the same period last year, the firm earned $1.82 earnings per share. Equities analysts anticipate that Canadian National Railway will post 5.52 EPS for the current fiscal year.

Institutional Investors Weigh In On Canadian National Railway

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Ethic Inc. increased its position in shares of Canadian National Railway by 26.6% in the 4th quarter. Ethic Inc. now owns 8,076 shares of the transportation company’s stock valued at $798,000 after acquiring an additional 1,699 shares during the period. Virtus Family Office LLC purchased a new stake in Canadian National Railway during the 4th quarter valued at about $916,000. Crestwood Advisors Group LLC grew its stake in Canadian National Railway by 8.6% during the 4th quarter. Crestwood Advisors Group LLC now owns 4,680 shares of the transportation company’s stock valued at $463,000 after purchasing an additional 372 shares during the last quarter. Sequoia Financial Advisors LLC increased its holdings in shares of Canadian National Railway by 8.7% in the fourth quarter. Sequoia Financial Advisors LLC now owns 5,463 shares of the transportation company’s stock valued at $540,000 after purchasing an additional 436 shares during the period. Finally, Retirement Planning Group LLC raised its stake in shares of Canadian National Railway by 16.1% in the fourth quarter. Retirement Planning Group LLC now owns 2,877 shares of the transportation company’s stock worth $284,000 after purchasing an additional 399 shares during the last quarter. 80.74% of the stock is currently owned by institutional investors and hedge funds.

More Canadian National Railway News

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.