Canadian National Railway (NYSE:CNI) PT Lowered to $124.00 at The Goldman Sachs Group

Canadian National Railway (NYSE:CNI) (TSE:CNR) had its price target decreased by The Goldman Sachs Group from $131.00 to $124.00 in a research note issued on Wednesday, Benzinga reports. The brokerage presently has a “sell” rating on the transportation company’s stock. The Goldman Sachs Group’s price objective suggests a potential upside of 9.16% from the stock’s current price.

A number of other research firms also recently commented on CNI. Barclays boosted their target price on Canadian National Railway from $120.00 to $121.00 and gave the stock an “equal weight” rating in a research report on Wednesday, September 25th. Susquehanna decreased their price objective on Canadian National Railway from $135.00 to $130.00 and set a “neutral” rating on the stock in a report on Wednesday, July 24th. Wells Fargo & Company raised Canadian National Railway from an “equal weight” rating to an “overweight” rating and set a $125.00 price objective on the stock in a report on Monday. Bank of America cut Canadian National Railway from a “buy” rating to a “neutral” rating and decreased their price objective for the stock from $129.00 to $122.00 in a report on Friday, October 4th. Finally, Stifel Nicolaus cut their target price on Canadian National Railway from $137.00 to $133.00 and set a “hold” rating on the stock in a research report on Wednesday, July 24th. One research analyst has rated the stock with a sell rating, sixteen have given a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Canadian National Railway has an average rating of “Hold” and a consensus target price of $128.59.

Canadian National Railway Price Performance

Shares of Canadian National Railway stock traded up $0.15 on Wednesday, hitting $113.59. 211,503 shares of the company traded hands, compared to its average volume of 1,086,583. Canadian National Railway has a 52 week low of $103.96 and a 52 week high of $134.02. The business has a 50-day simple moving average of $115.47 and a 200 day simple moving average of $120.92. The company has a debt-to-equity ratio of 0.93, a quick ratio of 0.48 and a current ratio of 0.63. The stock has a market capitalization of $71.53 billion, a P/E ratio of 18.12, a price-to-earnings-growth ratio of 2.41 and a beta of 0.88.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last announced its quarterly earnings results on Tuesday, July 23rd. The transportation company reported $1.84 EPS for the quarter, missing the consensus estimate of $1.93 by ($0.09). The company had revenue of $4.33 billion during the quarter, compared to analysts’ expectations of $4.40 billion. Canadian National Railway had a return on equity of 23.58% and a net margin of 32.00%. The firm’s revenue for the quarter was up 6.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.31 EPS. Research analysts expect that Canadian National Railway will post 5.58 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Canadian National Railway

Several hedge funds have recently bought and sold shares of the business. Sage Capital Advisors llc purchased a new stake in shares of Canadian National Railway in the 3rd quarter worth $1,301,000. Atomi Financial Group Inc. lifted its holdings in shares of Canadian National Railway by 53.3% in the 3rd quarter. Atomi Financial Group Inc. now owns 4,094 shares of the transportation company’s stock worth $480,000 after buying an additional 1,423 shares during the period. Park Place Capital Corp lifted its holdings in shares of Canadian National Railway by 563.8% in the 3rd quarter. Park Place Capital Corp now owns 2,237 shares of the transportation company’s stock worth $262,000 after buying an additional 1,900 shares during the period. Pacifica Partners Inc. lifted its holdings in shares of Canadian National Railway by 25.9% in the 3rd quarter. Pacifica Partners Inc. now owns 18,302 shares of the transportation company’s stock worth $2,147,000 after buying an additional 3,760 shares during the period. Finally, Threadgill Financial LLC lifted its holdings in shares of Canadian National Railway by 1.7% in the 3rd quarter. Threadgill Financial LLC now owns 12,775 shares of the transportation company’s stock worth $1,497,000 after buying an additional 208 shares during the period. Institutional investors own 80.74% of the company’s stock.

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.