Canadian National Railway (NYSE:CNI) Given New $115.00 Price Target at Susquehanna

Canadian National Railway (NYSE:CNI) (TSE:CNR) had its target price dropped by Susquehanna from $125.00 to $115.00 in a note issued to investors on Wednesday,Benzinga reports. The brokerage currently has a “neutral” rating on the transportation company’s stock. Susquehanna’s target price indicates a potential upside of 12.23% from the stock’s previous close.

Several other equities analysts also recently weighed in on CNI. Benchmark reiterated a “hold” rating on shares of Canadian National Railway in a report on Thursday, October 24th. Citigroup raised shares of Canadian National Railway from a “neutral” rating to a “buy” rating and raised their target price for the stock from $126.00 to $130.00 in a report on Tuesday, November 12th. Royal Bank of Canada raised shares of Canadian National Railway from a “sector perform” rating to an “outperform” rating in a report on Thursday, October 10th. JPMorgan Chase & Co. raised Canadian National Railway from a “neutral” rating to an “overweight” rating in a research report on Tuesday. Finally, Barclays upped their target price on Canadian National Railway from $120.00 to $121.00 and gave the stock an “equal weight” rating in a research note on Wednesday, September 25th. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating, five have given a buy rating and three have given a strong buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $122.48.

Canadian National Railway Price Performance

Shares of CNI opened at $102.47 on Wednesday. The company has a debt-to-equity ratio of 0.96, a current ratio of 0.64 and a quick ratio of 0.49. The company’s fifty day moving average price is $106.58 and its 200-day moving average price is $112.63. Canadian National Railway has a 1-year low of $98.96 and a 1-year high of $134.02. The firm has a market capitalization of $64.47 billion, a PE ratio of 16.42, a price-to-earnings-growth ratio of 2.43 and a beta of 0.91.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last issued its quarterly earnings results on Tuesday, October 22nd. The transportation company reported $1.72 EPS for the quarter, topping analysts’ consensus estimates of $1.70 by $0.02. The company had revenue of $4.11 billion during the quarter, compared to analysts’ expectations of $4.08 billion. Canadian National Railway had a return on equity of 23.62% and a net margin of 31.65%. The firm’s revenue was up 3.1% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.26 EPS. On average, equities research analysts predict that Canadian National Railway will post 5.31 EPS for the current year.

Institutional Trading of Canadian National Railway

A number of institutional investors have recently made changes to their positions in the company. Fortitude Family Office LLC lifted its position in Canadian National Railway by 738.7% during the third quarter. Fortitude Family Office LLC now owns 260 shares of the transportation company’s stock worth $30,000 after buying an additional 229 shares in the last quarter. Coastline Trust Co purchased a new position in shares of Canadian National Railway during the 3rd quarter worth $34,000. Reston Wealth Management LLC acquired a new position in shares of Canadian National Railway during the 3rd quarter valued at about $41,000. Sanctuary Wealth Management L.L.C. purchased a new stake in shares of Canadian National Railway in the third quarter valued at about $56,000. Finally, Grove Bank & Trust increased its position in Canadian National Railway by 15.3% during the third quarter. Grove Bank & Trust now owns 730 shares of the transportation company’s stock worth $86,000 after purchasing an additional 97 shares during the last quarter. 80.74% of the stock is owned by institutional investors and hedge funds.

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.