Evercore ISI Lowers Canadian National Railway (NYSE:CNI) Price Target to $103.00

Canadian National Railway (NYSE:CNI) (TSE:CNR) had its target price dropped by research analysts at Evercore ISI from $105.00 to $103.00 in a research report issued to clients and investors on Monday,Benzinga reports. The brokerage currently has an “in-line” rating on the transportation company’s stock. Evercore ISI’s price target would suggest a potential upside of 6.76% from the stock’s previous close.

Several other analysts also recently weighed in on the stock. Barclays lifted their target price on shares of Canadian National Railway from $97.00 to $101.00 and gave the company an “equal weight” rating in a report on Thursday, January 15th. Cibc Captl Mkts upgraded shares of Canadian National Railway from a “hold” rating to a “strong-buy” rating in a research report on Friday, November 28th. CIBC raised Canadian National Railway from a “neutral” rating to an “outperformer” rating and lifted their price objective for the company from $146.00 to $151.00 in a report on Friday, November 28th. Susquehanna boosted their target price on Canadian National Railway from $115.00 to $116.00 and gave the stock a “positive” rating in a research report on Monday, November 3rd. Finally, Vertical Research raised Canadian National Railway from a “hold” rating to a “buy” rating in a research note on Monday, January 5th. One equities research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and ten have issued a Hold rating to the company. According to MarketBeat.com, Canadian National Railway has an average rating of “Moderate Buy” and a consensus target price of $118.91.

Canadian National Railway Trading Up 0.8%

NYSE:CNI opened at $96.48 on Monday. Canadian National Railway has a 12-month low of $90.74 and a 12-month high of $108.75. The company has a current ratio of 0.67, a quick ratio of 0.42 and a debt-to-equity ratio of 0.94. The stock’s 50 day simple moving average is $98.28 and its 200-day simple moving average is $96.04. The firm has a market cap of $59.28 billion, a P/E ratio of 17.77, a PEG ratio of 2.00 and a beta of 0.94.

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

Institutional Investors Weigh In On Canadian National Railway

A number of institutional investors and hedge funds have recently modified their holdings of the company. Lazard Asset Management LLC grew its stake in Canadian National Railway by 639,137.0% in the 3rd quarter. Lazard Asset Management LLC now owns 8,955,711 shares of the transportation company’s stock valued at $844,353,000 after acquiring an additional 8,954,310 shares during the last quarter. Norges Bank acquired a new position in Canadian National Railway during the second quarter worth about $591,904,000. Fisher Asset Management LLC purchased a new stake in shares of Canadian National Railway in the second quarter valued at about $189,748,000. Troy Asset Management Ltd grew its position in shares of Canadian National Railway by 158.8% in the third quarter. Troy Asset Management Ltd now owns 2,738,372 shares of the transportation company’s stock valued at $258,220,000 after purchasing an additional 1,680,223 shares during the last quarter. Finally, Quadrature Capital Ltd grew its position in shares of Canadian National Railway by 1,693.5% in the third quarter. Quadrature Capital Ltd now owns 1,739,700 shares of the transportation company’s stock valued at $164,043,000 after purchasing an additional 1,642,700 shares during the last quarter. Institutional investors and hedge funds own 80.74% of the company’s stock.

Key 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

Canadian National Railway Company Profile

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.