Barclays Has Lowered Expectations for Canadian National Railway (NYSE:CNI) Stock Price

Canadian National Railway (NYSE:CNI) (TSE:CNR) had its price target cut by equities research analysts at Barclays from $121.00 to $112.00 in a report issued on Friday,Benzinga reports. The brokerage presently has an “equal weight” rating on the transportation company’s stock. Barclays‘s target price indicates a potential upside of 9.33% from the stock’s current price.

A number of other equities research analysts have also recently commented on CNI. Wells Fargo & Company decreased their price objective on Canadian National Railway from $125.00 to $123.00 and set an “overweight” rating for the company in a research note on Monday. JPMorgan Chase & Co. upgraded Canadian National Railway from a “neutral” rating to an “overweight” rating in a report on Tuesday, January 7th. Bank of America cut their target price on shares of Canadian National Railway from $119.00 to $112.00 and set a “neutral” rating on the stock in a report on Wednesday, January 8th. Evercore ISI raised shares of Canadian National Railway from a “hold” rating to a “strong-buy” rating in a research note on Thursday, December 19th. Finally, Susquehanna cut their price objective on shares of Canadian National Railway from $125.00 to $115.00 and set a “neutral” rating on the stock in a research report on Wednesday, January 8th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating, seven have issued a buy rating and four have given a strong buy rating to the company. According to data from MarketBeat.com, Canadian National Railway currently has an average rating of “Moderate Buy” and an average price target of $124.02.

Canadian National Railway Trading Up 0.4 %

CNI stock traded up $0.45 during trading on Friday, hitting $102.44. The company had a trading volume of 221,166 shares, compared to its average volume of 1,133,162. The stock has a market cap of $64.42 billion, a price-to-earnings ratio of 16.43, a PEG ratio of 2.21 and a beta of 0.91. The company has a quick ratio of 0.49, a current ratio of 0.64 and a debt-to-equity ratio of 0.96. The firm has a 50-day moving average price of $105.85 and a 200-day moving average price of $112.09. Canadian National Railway has a 12 month low of $98.96 and a 12 month high of $134.02.

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 the consensus estimate of $1.70 by $0.02. Canadian National Railway had a return on equity of 23.62% and a net margin of 31.65%. The business had revenue of $4.11 billion for the quarter, compared to analysts’ expectations of $4.08 billion. During the same quarter last year, the business earned $1.26 earnings per share. The firm’s quarterly revenue was up 3.1% compared to the same quarter last year. As a group, analysts predict that Canadian National Railway will post 5.21 earnings per share for the current year.

Hedge Funds Weigh In On Canadian National Railway

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Wellington Management Group LLP lifted its stake in Canadian National Railway by 4.4% during the third quarter. Wellington Management Group LLP now owns 18,562,189 shares of the transportation company’s stock worth $2,175,935,000 after purchasing an additional 790,420 shares during the last quarter. 1832 Asset Management L.P. lifted its position in shares of Canadian National Railway by 7.8% during the 2nd quarter. 1832 Asset Management L.P. now owns 9,365,622 shares of the transportation company’s stock worth $1,106,361,000 after buying an additional 674,536 shares during the last quarter. National Bank of Canada FI raised its stake in Canadian National Railway by 46.5% during the third quarter. National Bank of Canada FI now owns 6,737,322 shares of the transportation company’s stock worth $789,030,000 after acquiring an additional 2,137,948 shares in the last quarter. Fiera Capital Corp boosted its stake in shares of Canadian National Railway by 0.7% in the 3rd quarter. Fiera Capital Corp now owns 5,482,524 shares of the transportation company’s stock valued at $642,828,000 after purchasing an additional 39,063 shares in the last quarter. Finally, The Manufacturers Life Insurance Company increased its position in Canadian National Railway by 2.6% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 4,836,345 shares of the transportation company’s stock worth $570,667,000 after purchasing an additional 120,453 shares in the last quarter. 80.74% of the stock is currently 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.