Sanford C. Bernstein Trims Canadian National Railway (NYSE:CNI) Target Price to $126.29

Canadian National Railway (NYSE:CNI) (TSE:CNR) had its target price lowered by research analysts at Sanford C. Bernstein from $130.67 to $126.29 in a research note issued on Wednesday, 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 11.18% from the stock’s previous close.

A number of other research firms also recently issued reports on CNI. Citigroup initiated coverage on Canadian National Railway in a research report on Wednesday. They set a “neutral” rating and a $125.00 price target for the company. Evercore ISI decreased their target price on Canadian National Railway from $128.00 to $119.00 and set an “in-line” rating for the company in a research report on Wednesday, September 25th. Bank of America downgraded Canadian National Railway from a “buy” rating to a “neutral” rating and decreased their target price for the stock from $129.00 to $122.00 in a research report on Friday, October 4th. National Bank Financial raised Canadian National Railway from a “sector perform” rating to an “outperform” rating in a research report on Thursday, June 27th. 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 report on Wednesday, September 25th. One investment analyst has rated the stock with a sell rating, sixteen have issued a hold rating, two have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Canadian National Railway has a consensus rating of “Hold” and an average price target of $128.59.

Canadian National Railway Trading Up 0.1 %

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

Canadian National Railway (NYSE:CNI) (TSE:CNR) last posted its quarterly earnings results on Tuesday, July 23rd. The transportation company reported $1.84 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.93 by ($0.09). Canadian National Railway had a net margin of 32.00% and a return on equity of 23.58%. The firm had revenue of $4.33 billion for the quarter, compared to analysts’ expectations of $4.40 billion. During the same period last year, the firm posted $1.31 EPS. Canadian National Railway’s revenue was up 6.7% on a year-over-year basis. As a group, sell-side analysts forecast that Canadian National Railway will post 5.58 earnings per share for the current year.

Hedge Funds Weigh In On Canadian National Railway

Institutional investors have recently made changes to their positions in the stock. Thurston Springer Miller Herd & Titak Inc. bought a new position in shares of Canadian National Railway during the second quarter valued at approximately $26,000. Addison Advisors LLC grew its holdings in Canadian National Railway by 159.1% in the 2nd quarter. Addison Advisors LLC now owns 241 shares of the transportation company’s stock worth $28,000 after buying an additional 148 shares in the last quarter. GAMMA Investing LLC grew its holdings in Canadian National Railway by 766.7% in the 1st quarter. GAMMA Investing LLC now owns 234 shares of the transportation company’s stock worth $31,000 after buying an additional 207 shares in the last quarter. ORG Partners LLC bought a new position in Canadian National Railway in the 2nd quarter worth approximately $34,000. Finally, Daiwa Securities Group Inc. bought a new position in Canadian National Railway in the 1st quarter worth approximately $64,000. 80.74% of the stock is owned by 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.