Canadian National Railway (NYSE:CNI) Given New $135.00 Price Target at Barclays

Canadian National Railway (NYSE:CNI) (TSE:CNR) had its price target dropped by research analysts at Barclays from $140.00 to $135.00 in a research note issued to investors on Monday,BayStreet.CA reports. The firm presently has an “equal weight” rating on the transportation company’s stock. Barclays‘s price objective would indicate a potential upside of 41.69% from the company’s current price.

Other analysts have also issued research reports about the stock. Evercore ISI decreased their target price on shares of Canadian National Railway from $105.00 to $103.00 and set an “in-line” rating on the stock in a research report on Monday. CIBC raised Canadian National Railway from a “neutral” rating to an “outperformer” rating and lifted their price objective for the company from $146.00 to $151.00 in a research report on Friday, November 28th. BMO Capital Markets reiterated an “outperform” rating on shares of Canadian National Railway in a research report on Monday. Wall Street Zen raised shares of Canadian National Railway from a “sell” rating to a “hold” rating in a research note on Saturday, October 18th. Finally, Zacks Research raised shares of Canadian National Railway from a “strong sell” rating to a “hold” rating in a research report on Friday, November 28th. One analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, nine have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $118.91.

Canadian National Railway Price Performance

NYSE CNI traded down $0.94 during mid-day trading on Monday, hitting $95.28. The stock had a trading volume of 1,368,400 shares, compared to its average volume of 1,357,784. The company has a 50 day simple moving average of $98.10 and a 200 day simple moving average of $96.11. The company has a market cap of $58.54 billion, a price-to-earnings ratio of 17.53, a P/E/G ratio of 2.01 and a beta of 0.94. Canadian National Railway has a 52-week low of $90.74 and a 52-week high of $108.75. The company has a quick ratio of 0.42, a current ratio of 0.60 and a debt-to-equity ratio of 0.92.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last issued its quarterly earnings data on Friday, January 30th. The transportation company reported $1.49 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.43 by $0.06. The firm had revenue of $3.24 billion during the quarter, compared to the consensus estimate of $4.43 billion. Canadian National Railway had a return on equity of 22.17% and a net margin of 27.28%.The company’s quarterly revenue was up 2.4% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.82 EPS. Equities 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 added to or reduced their stakes in CNI. Benjamin Edwards Inc. lifted its holdings in Canadian National Railway by 9.5% during the 4th quarter. Benjamin Edwards Inc. now owns 4,516 shares of the transportation company’s stock worth $446,000 after buying an additional 391 shares during the last quarter. Oppenheimer & Co. Inc. lifted its stake in Canadian National Railway by 8.0% during the fourth quarter. Oppenheimer & Co. Inc. now owns 11,469 shares of the transportation company’s stock worth $1,134,000 after purchasing an additional 854 shares during the last quarter. Canandaigua National Trust Co of Florida boosted its holdings in Canadian National Railway by 72.2% in the fourth quarter. Canandaigua National Trust Co of Florida now owns 3,984 shares of the transportation company’s stock worth $394,000 after purchasing an additional 1,671 shares during the period. Pekin Hardy Strauss Inc. increased its stake in Canadian National Railway by 13.2% during the fourth quarter. Pekin Hardy Strauss Inc. now owns 25,646 shares of the transportation company’s stock valued at $2,535,000 after purchasing an additional 3,000 shares during the last quarter. Finally, Keybank National Association OH increased its stake in Canadian National Railway by 1.3% during the fourth quarter. Keybank National Association OH now owns 22,304 shares of the transportation company’s stock valued at $2,205,000 after purchasing an additional 279 shares during the last quarter. 80.74% of the stock is currently owned by institutional investors.

Trending Headlines about Canadian National Railway

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

• Positive Sentiment: Raised dividend — CN announced a quarterly dividend of $0.915 (a 3.1% increase from the prior payout), giving an annualized yield around 3.8%; that supports income-oriented demand for the shares and signals confidence in cash flow.
• Positive Sentiment: New buyback program — CN launched a repurchase program to cover up to 24 million shares, which should reduce float and support EPS over time. Canadian National Railway launches buyback
• Positive Sentiment: Broker consensus remains favorable — Brokerages continue to give CN a constructive consensus (“Moderate Buy”), which can limit downside from isolated analyst downgrades. Consensus rating article
• Neutral Sentiment: Upcoming investor events — CEO Tracy Robinson will speak at Barclays’ Industrial Select Conference (Feb 17) and CFO Ghislain Houle will present at Citi’s Global Industrial, Tech & Mobility Conference (Feb 18); these appearances create catalysts for forward guidance or management commentary but are neutral until new information is released. Tracy Robinson Barclays conference Ghislain Houle Citi conference
• Negative Sentiment: Stephens trimmed its price target to $100 and set an “equal weight” rating — the cut reduces the street’s implied upside (~5.9% from the cited reference price) and can pressure sentiment. Stephens price target cut
• Negative Sentiment: Evercore ISI lowered its price target to $103 and moved to an “in-line” rating — another analyst trimming expectations (still showing some upside in their view) that likely contributed to downward pressure this session. Evercore ISI price target cut

About Canadian National Railway

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.