Canadian National Railway (NYSE:CNI) Given New $115.00 Price Target at Citigroup

Canadian National Railway (NYSE:CNI) (TSE:CNR) had its price target reduced by analysts at Citigroup from $119.00 to $115.00 in a report issued on Monday,Benzinga reports. The firm presently has a “buy” rating on the transportation company’s stock. Citigroup’s price target indicates a potential upside of 21.05% from the stock’s previous close.

CNI has been the topic of several other research reports. Vertical Research upgraded Canadian National Railway from a “hold” rating to a “buy” rating in a research note on Monday, January 5th. Evercore ISI dropped their price objective on Canadian National Railway from $105.00 to $103.00 and set an “in-line” rating on the stock in a report on Monday. Royal Bank Of Canada cut their target price on Canadian National Railway from $153.00 to $151.00 and set an “outperform” rating on the stock in a research report on Monday. Weiss Ratings reissued a “hold (c-)” rating on shares of Canadian National Railway in a research report on Wednesday, October 8th. Finally, Barclays upped their price target on shares of Canadian National Railway from $97.00 to $101.00 and gave the company an “equal weight” rating in a report on Thursday, January 15th. One investment analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, nine have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $115.82.

Canadian National Railway Trading Down 1.3%

Shares of CNI traded down $1.22 during trading hours on Monday, hitting $95.00. The stock had a trading volume of 1,060,986 shares, compared to its average volume of 1,340,650. Canadian National Railway has a 12-month low of $90.74 and a 12-month high of $108.75. The company’s fifty day simple moving average is $98.10 and its 200 day simple moving average is $96.11. The firm has a market cap of $58.37 billion, a P/E ratio of 17.50, a P/E/G ratio of 2.01 and a beta of 0.94. The company has a debt-to-equity ratio of 0.92, a quick ratio of 0.42 and a current ratio of 0.60.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last announced its quarterly earnings results on Friday, January 30th. The transportation company reported $1.49 earnings per share for the quarter, topping analysts’ consensus estimates of $1.43 by $0.06. Canadian National Railway had a net margin of 27.28% and a return on equity of 22.17%. The firm had revenue of $3.24 billion during the quarter, compared to analysts’ expectations of $4.43 billion. During the same period in the prior year, the company earned $1.82 EPS. The firm’s revenue was up 2.4% on a year-over-year basis. Equities research analysts forecast that Canadian National Railway will post 5.52 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of CNI. High Point Wealth Management LLC bought a new position in Canadian National Railway in the 4th quarter valued at about $27,000. Addison Advisors LLC boosted its position in shares of Canadian National Railway by 124.0% in the second quarter. Addison Advisors LLC now owns 271 shares of the transportation company’s stock worth $28,000 after buying an additional 150 shares during the period. Hollencrest Capital Management acquired a new position in Canadian National Railway in the 3rd quarter valued at approximately $28,000. Curio Wealth LLC raised its stake in shares of Canadian National Railway by 31,600.0% during the 2nd quarter. Curio Wealth LLC now owns 317 shares of the transportation company’s stock worth $33,000 after purchasing an additional 316 shares in the last quarter. Finally, First Horizon Corp bought a new stake in Canadian National Railway in the third quarter worth $30,000. 80.74% of the stock is owned by institutional investors and hedge funds.

Key Stories Impacting Canadian National Railway

Here are the key news stories impacting Canadian National Railway this week:

• Positive Sentiment: New share buyback — CN launched a program to repurchase up to 24 million shares, which reduces share count and supports EPS and valuation. Canadian National Railway Launches New Share Buyback Program
• Positive Sentiment: Dividend hike — CN raised its quarterly dividend to $0.915 (annualized yield ~3.8%), a ~3.1% increase from prior, attractive to income investors and signals management confidence in cash flow. Dividend Announcement
• Positive Sentiment: Brokerage consensus is constructive — Brokerages collectively give a “Moderate Buy” consensus on CNI, providing some analyst support beneath the surface. Consensus Rating Article
• Neutral Sentiment: Investor outreach scheduled — CEO Tracy Robinson will speak at Barclays’ Industrial Select Conference (Feb 17) and CFO Ghislain Houle will speak at Citi’s Global Industrial Tech & Mobility Conference (Feb 18). These presentations could provide forward guidance or color but are routine investor relations activity. Tracy Robinson Conference Announcement Ghislain Houle Conference Announcement
• Negative Sentiment: Price-target downgrades — Stephens cut its target from $105 to $100 and moved to an “equal weight” stance, and Evercore ISI trimmed its target from $105 to $103 and set an “in-line” rating. Those revisions reduce upside expectations and likely contributed to near-term selling pressure. Analyst Price Target Changes

Canadian National Railway Company Profile

Canadian National Railway Company (NYSE: CNI) is a Class I freight railway that operates an integrated rail network across Canada and the United States. Headquartered in Montreal, Quebec, CN provides long-haul freight transportation and related logistics services that connect major ports, industrial centers and inland markets throughout North America. Its transcontinental system enables cross-border movement of goods and supports supply chains that span coast-to-coast in Canada and into the central and eastern United States.

CN’s core business is the railborne transportation of a broad mix of commodities, including intermodal container traffic, forest and paper products, grain and other agricultural products, metallurgical and industrial products, petroleum and chemical products, coal and automotive shipments.