Susquehanna Lowers Canadian National Railway (NYSE:CNI) Price Target to $115.00

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

CNI has been the subject of several other research reports. Stephens restated an “equal weight” rating and set a $116.00 price target on shares of Canadian National Railway in a report on Wednesday, October 23rd. Benchmark reiterated a “hold” rating on shares of Canadian National Railway in a research report on Thursday, October 24th. JPMorgan Chase & Co. upgraded shares of Canadian National Railway from a “neutral” rating to an “overweight” rating in a research report on Tuesday. Sanford C. Bernstein reduced their target price on shares of Canadian National Railway from $130.67 to $126.29 and set a “market perform” rating on the stock in a report on Wednesday, October 9th. Finally, Evercore ISI upgraded shares of Canadian National Railway from a “hold” rating to a “strong-buy” rating in a report on Thursday, December 19th. One research analyst has rated the stock with a sell rating, ten have given a hold rating, five have issued a buy rating and three have given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $122.48.

Canadian National Railway Price Performance

CNI stock opened at $102.47 on Wednesday. The company has a debt-to-equity ratio of 0.96, a quick ratio of 0.49 and a current ratio of 0.64. 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 one year low of $98.96 and a one year high of $134.02. The company 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 announced 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. Canadian National Railway had a net margin of 31.65% and a return on equity of 23.62%. The company had revenue of $4.11 billion for the quarter, compared to the consensus estimate of $4.08 billion. During the same period in the previous year, the firm posted $1.26 EPS. Canadian National Railway’s revenue for the quarter was up 3.1% compared to the same quarter last year. On average, equities analysts anticipate that Canadian National Railway will post 5.31 EPS for the current fiscal year.

Hedge Funds Weigh In On Canadian National Railway

A number of large investors have recently added to or reduced their stakes in the company. Canandaigua National Trust Co of Florida grew its holdings in Canadian National Railway by 61.9% in 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 during the last quarter. Principal Financial Group Inc. grew its stake in Canadian National Railway by 29.6% during the 3rd quarter. Principal Financial Group Inc. now owns 92,300 shares of the transportation company’s stock worth $10,820,000 after buying an additional 21,100 shares during the last quarter. Synovus Financial Corp increased its position in Canadian National Railway by 82.3% during the 3rd 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 in the last quarter. Wilmington Savings Fund Society FSB increased its position in Canadian National Railway by 115.2% during the 3rd quarter. Wilmington Savings Fund Society FSB now owns 4,382 shares of the transportation company’s stock valued at $513,000 after buying an additional 2,346 shares in the last quarter. Finally, SkyView Investment Advisors LLC raised its stake in Canadian National Railway by 5.0% in the third quarter. SkyView Investment Advisors LLC now owns 40,218 shares of the transportation company’s stock valued at $4,712,000 after buying an additional 1,903 shares during the last quarter. 80.74% of the stock is currently 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.