Susquehanna Reiterates Neutral Rating for Canadian National Railway (NYSE:CNI)

Canadian National Railway (NYSE:CNI) (TSE:CNR)‘s stock had its “neutral” rating reiterated by research analysts at Susquehanna in a report issued on Tuesday,Benzinga reports. They presently have a $140.00 price objective on the transportation company’s stock, up from their prior price objective of $138.00. Susquehanna’s price objective points to a potential upside of 11.68% from the company’s current price.

A number of other brokerages have also recently weighed in on CNI. Royal Bank Of Canada boosted their price target on Canadian National Railway from $160.00 to $178.00 and gave the stock an “outperform” rating in a research report on Thursday, April 30th. Barclays lifted their target price on shares of Canadian National Railway from $99.00 to $109.00 and gave the stock an “equal weight” rating in a report on Thursday, June 25th. Wells Fargo & Company boosted their target price on shares of Canadian National Railway from $110.00 to $135.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 8th. Evercore raised Canadian National Railway from an “in-line” rating to an “outperform” rating and set a $124.00 price target on the stock in a research report on Thursday, June 25th. Finally, Sanford C. Bernstein raised their price target on Canadian National Railway from $113.88 to $117.36 and gave the company a “market perform” rating in a research report on Tuesday, March 31st. Nine investment analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $132.12.

Canadian National Railway Stock Performance

Shares of Canadian National Railway stock opened at $125.36 on Tuesday. The business has a fifty day simple moving average of $117.25 and a 200-day simple moving average of $108.91. The stock has a market cap of $75.97 billion, a PE ratio of 22.79, a price-to-earnings-growth ratio of 2.35 and a beta of 0.96. The company has a quick ratio of 0.49, a current ratio of 0.67 and a debt-to-equity ratio of 0.95. Canadian National Railway has a 12 month low of $90.74 and a 12 month high of $126.12.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last announced its quarterly earnings data on Wednesday, April 29th. The transportation company reported $1.31 EPS for the quarter, meeting analysts’ consensus estimates of $1.31. Canadian National Railway had a net margin of 27.22% and a return on equity of 21.90%. The firm had revenue of $3.15 billion for the quarter, compared to the consensus estimate of $3.15 billion. During the same period in the previous year, the firm posted $1.85 earnings per share. The firm’s revenue was down .5% on a year-over-year basis. On average, sell-side analysts anticipate that Canadian National Railway will post 5.72 EPS for the current fiscal year.

Hedge Funds Weigh In On Canadian National Railway

Institutional investors and hedge funds have recently bought and sold shares of the stock. Vanguard Group Inc. boosted its holdings in Canadian National Railway by 1.4% in the 4th quarter. Vanguard Group Inc. now owns 24,646,922 shares of the transportation company’s stock valued at $2,437,679,000 after purchasing an additional 346,670 shares during the period. FIL Ltd raised its position in shares of Canadian National Railway by 49.5% during the fourth quarter. FIL Ltd now owns 15,745,744 shares of the transportation company’s stock valued at $1,557,309,000 after buying an additional 5,210,403 shares during the last quarter. Caisse de depot et placement du Quebec raised its position in shares of Canadian National Railway by 1.1% during the third quarter. Caisse de depot et placement du Quebec now owns 13,894,922 shares of the transportation company’s stock valued at $1,310,600,000 after buying an additional 157,000 shares during the last quarter. Lazard Asset Management LLC lifted its stake in shares of Canadian National Railway by 2.0% in the first quarter. Lazard Asset Management LLC now owns 9,077,518 shares of the transportation company’s stock valued at $934,488,000 after buying an additional 173,894 shares during the period. Finally, Deutsche Bank AG lifted its stake in shares of Canadian National Railway by 15.1% in the fourth quarter. Deutsche Bank AG now owns 8,998,101 shares of the transportation company’s stock valued at $889,462,000 after buying an additional 1,182,106 shares during the period. Institutional investors own 80.74% of the company’s stock.

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.