Canadian National Railway (NYSE:CNI) Research Coverage Started at Citigroup

Investment analysts at Citigroup started coverage on shares of Canadian National Railway (NYSE:CNI) (TSE:CNR) in a note issued to investors on Wednesday, Briefing.com reports. The firm set a “neutral” rating and a $125.00 price target on the transportation company’s stock. Citigroup’s price target points to a potential upside of 10.19% from the stock’s previous close.

CNI has been the subject of several other reports. Evercore ISI lowered their price objective on Canadian National Railway from $128.00 to $119.00 and set an “in-line” rating for the company in a research note on Wednesday, September 25th. Susquehanna dropped their price target on shares of Canadian National Railway from $135.00 to $130.00 and set a “neutral” rating for the company in a research note on Wednesday, July 24th. Wells Fargo & Company raised shares of Canadian National Railway from an “equal weight” rating to an “overweight” rating and set a $125.00 price objective on the stock in a research report on Monday. Stifel Nicolaus dropped their target price on Canadian National Railway from $137.00 to $133.00 and set a “hold” rating for the company in a research report on Wednesday, July 24th. Finally, Bank of America lowered Canadian National Railway from a “buy” rating to a “neutral” rating and reduced their target price for the stock from $129.00 to $122.00 in a research note on Friday, October 4th. Sixteen equities research analysts have rated the stock with a hold rating, two have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $129.28.

Canadian National Railway Stock Performance

CNI opened at $113.44 on Wednesday. The stock has a market capitalization of $71.44 billion, a price-to-earnings ratio of 18.09, a PEG ratio of 2.41 and a beta of 0.88. The company has a fifty day moving average of $115.47 and a 200 day 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. Canadian National Railway has a fifty-two week low of $103.96 and a fifty-two week high of $134.02.

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 analysts’ consensus estimates of $1.93 by ($0.09). The firm had revenue of $4.33 billion for the quarter, compared to the consensus estimate of $4.40 billion. Canadian National Railway had a net margin of 32.00% and a return on equity of 23.58%. Canadian National Railway’s quarterly revenue was up 6.7% on a year-over-year basis. During the same period in the previous year, the company posted $1.31 earnings per share. As a group, sell-side analysts forecast that Canadian National Railway will post 5.58 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. GQG Partners LLC lifted its position in Canadian National Railway by 0.8% during the first quarter. GQG Partners LLC now owns 11,424 shares of the transportation company’s stock valued at $1,505,000 after acquiring an additional 93 shares during the last quarter. Choreo LLC grew its position in Canadian National Railway by 1.5% during the 1st quarter. Choreo LLC now owns 6,427 shares of the transportation company’s stock worth $846,000 after purchasing an additional 97 shares during the last quarter. B. Riley Wealth Advisors Inc. increased its stake in Canadian National Railway by 2.5% during the 1st quarter. B. Riley Wealth Advisors Inc. now owns 4,156 shares of the transportation company’s stock valued at $547,000 after purchasing an additional 100 shares in the last quarter. Whittier Trust Co. of Nevada Inc. raised its holdings in shares of Canadian National Railway by 1.1% in the second quarter. Whittier Trust Co. of Nevada Inc. now owns 9,350 shares of the transportation company’s stock worth $1,105,000 after buying an additional 102 shares during the last quarter. Finally, Blue Trust Inc. lifted its stake in shares of Canadian National Railway by 19.3% during the second quarter. Blue Trust Inc. now owns 648 shares of the transportation company’s stock worth $77,000 after buying an additional 105 shares during the period. 80.74% of the stock is currently owned by hedge funds and other institutional investors.

About Canadian National Railway

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.