Royal Bank of Canada Reaffirms “Outperform” Rating for Canadian National Railway (NYSE:CNI)

Canadian National Railway (NYSE:CNI) (TSE:CNR)‘s stock had its “outperform” rating reissued by stock analysts at Royal Bank of Canada in a research report issued to clients and investors on Friday,Benzinga reports. They currently have a $174.00 target price on the transportation company’s stock. Royal Bank of Canada’s price target indicates a potential upside of 74.24% from the company’s current price.

A number of other research analysts have also recently commented on the company. Susquehanna decreased their price objective on Canadian National Railway from $125.00 to $115.00 and set a “neutral” rating on the stock in a report on Wednesday. Veritas raised Canadian National Railway from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, October 23rd. JPMorgan Chase & Co. raised Canadian National Railway from a “neutral” rating to an “overweight” rating in a research report on Tuesday, January 7th. The Goldman Sachs Group decreased their target price on shares of Canadian National Railway from $131.00 to $124.00 and set a “sell” rating on the stock in a research report on Wednesday, October 9th. Finally, Jefferies Financial Group upgraded shares of Canadian National Railway from a “hold” rating to a “buy” rating and set a $120.00 price target for the company in a research report on Friday. One research analyst has rated the stock with a sell rating, eight have given a hold rating, six have issued a buy rating and three have given a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $125.94.

Canadian National Railway Stock Down 2.5 %

CNI stock opened at $99.86 on Friday. The company has a current ratio of 0.64, a quick ratio of 0.49 and a debt-to-equity ratio of 0.96. The firm has a 50-day moving average of $106.41 and a two-hundred day moving average of $112.46. Canadian National Railway has a 12 month low of $98.96 and a 12 month high of $134.02. The company has a market cap of $62.83 billion, a price-to-earnings ratio of 16.00, a PEG ratio of 2.43 and a beta of 0.91.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last posted its quarterly earnings results on Tuesday, October 22nd. The transportation company reported $1.72 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.70 by $0.02. The business had revenue of $4.11 billion during the quarter, compared to analyst estimates of $4.08 billion. Canadian National Railway had a return on equity of 23.62% and a net margin of 31.65%. The business’s revenue was up 3.1% compared to the same quarter last year. During the same period in the prior year, the business earned $1.26 earnings per share. As a group, analysts forecast that Canadian National Railway will post 5.31 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Ridgewood Investments LLC grew its holdings in Canadian National Railway by 92.5% during the 4th quarter. Ridgewood Investments LLC now owns 1,923 shares of the transportation company’s stock worth $195,000 after acquiring an additional 924 shares in the last quarter. Fortitude Family Office LLC lifted its position in shares of Canadian National Railway by 133.8% during the 4th quarter. Fortitude Family Office LLC now owns 608 shares of the transportation company’s stock worth $62,000 after purchasing an additional 348 shares during the last quarter. Canandaigua National Trust Co of Florida grew its stake in shares of Canadian National Railway by 61.9% during the fourth quarter. Canandaigua National Trust Co of Florida now owns 3,570 shares of the transportation company’s stock worth $362,000 after purchasing an additional 1,365 shares in the last quarter. Principal Financial Group Inc. grew its stake in shares of Canadian National Railway by 29.6% during the third quarter. Principal Financial Group Inc. now owns 92,300 shares of the transportation company’s stock worth $10,820,000 after purchasing an additional 21,100 shares in the last quarter. Finally, Synovus Financial Corp increased its holdings in Canadian National Railway by 82.3% in the third quarter. Synovus Financial Corp now owns 13,873 shares of the transportation company’s stock valued at $1,625,000 after buying an additional 6,261 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.