Canadian National Railway (NYSE:CNI) Stock Price Expected to Rise, Sanford C. Bernstein Analyst Says

Canadian National Railway (NYSE:CNI) (TSE:CNR) had its target price upped by research analysts at Sanford C. Bernstein from $113.88 to $117.36 in a research report issued to clients and investors on Tuesday,Benzinga reports. The firm currently has a “market perform” rating on the transportation company’s stock. Sanford C. Bernstein’s price objective would suggest a potential upside of 13.58% from the stock’s previous close.

A number of other research analysts have also weighed in on the stock. Vertical Research raised shares of Canadian National Railway from a “hold” rating to a “buy” rating in a research report on Monday, January 5th. Citigroup reduced their price objective on shares of Canadian National Railway from $119.00 to $115.00 and set a “buy” rating for the company in a research report on Monday, February 2nd. Evercore decreased their price objective on shares of Canadian National Railway from $105.00 to $103.00 and set an “in-line” rating for the company in a research note on Monday, February 2nd. UBS Group downgraded Canadian National Railway from a “strong-buy” rating to a “hold” rating in a research note on Monday, February 2nd. Finally, Royal Bank Of Canada reduced their target price on Canadian National Railway from $153.00 to $151.00 and set an “outperform” rating for the company in a report on Monday, February 2nd. Ten investment analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $115.70.

Canadian National Railway Trading Up 0.5%

NYSE CNI opened at $103.33 on Tuesday. The company has a current ratio of 0.67, a quick ratio of 0.47 and a debt-to-equity ratio of 0.94. The business has a fifty day simple moving average of $104.34 and a 200 day simple moving average of $99.08. Canadian National Railway has a 12 month low of $90.74 and a 12 month high of $113.08. The firm has a market capitalization of $63.16 billion, a P/E ratio of 19.03, a PEG ratio of 2.14 and a beta of 0.91.

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 (EPS) for the quarter, topping 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 business’s revenue for the quarter was up 2.4% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.82 EPS. On average, analysts predict that Canadian National Railway will post 5.52 EPS for the current fiscal year.

Institutional Trading of Canadian National Railway

Several hedge funds have recently added to or reduced their stakes in the stock. Minot DeBlois Advisors LLC grew its position in shares of Canadian National Railway by 2.0% during the 4th quarter. Minot DeBlois Advisors LLC now owns 5,132 shares of the transportation company’s stock valued at $507,000 after acquiring an additional 103 shares during the period. Smartleaf Asset Management LLC raised its holdings in shares of Canadian National Railway by 19.4% in the 4th quarter. Smartleaf Asset Management LLC now owns 635 shares of the transportation company’s stock worth $63,000 after purchasing an additional 103 shares during the period. Tacita Capital Inc raised its holdings in shares of Canadian National Railway by 0.6% in the 4th quarter. Tacita Capital Inc now owns 19,809 shares of the transportation company’s stock worth $1,960,000 after purchasing an additional 109 shares during the period. Roberts Glore & Co. Inc. IL lifted its stake in Canadian National Railway by 1.5% in the fourth quarter. Roberts Glore & Co. Inc. IL now owns 7,233 shares of the transportation company’s stock valued at $715,000 after purchasing an additional 110 shares during the last quarter. Finally, EverSource Wealth Advisors LLC lifted its stake in Canadian National Railway by 10.1% in the third quarter. EverSource Wealth Advisors LLC now owns 1,231 shares of the transportation company’s stock valued at $116,000 after purchasing an additional 113 shares during the last quarter. Institutional investors own 80.74% of the company’s stock.

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.