Canadian National Railway (NYSE:CNI) Given New $113.00 Price Target at Susquehanna

Canadian National Railway (NYSE:CNI) (TSE:CNR) had its price objective decreased by investment analysts at Susquehanna from $115.00 to $113.00 in a research report issued to clients and investors on Thursday,Benzinga reports. The firm presently has a “neutral” rating on the transportation company’s stock. Susquehanna’s target price points to a potential upside of 13.72% from the company’s previous close.

Several other equities research analysts have also weighed in on CNI. TD Securities raised shares of Canadian National Railway from a “hold” rating to a “strong-buy” rating in a report on Monday, January 13th. Evercore ISI upgraded Canadian National Railway from a “hold” rating to a “strong-buy” rating in a research note on Thursday, December 19th. Stifel Nicolaus upped their price target on Canadian National Railway from $120.00 to $125.00 and gave the company a “buy” rating in a research report on Friday, January 31st. Bank of America reduced their price objective on shares of Canadian National Railway from $119.00 to $112.00 and set a “neutral” rating for the company in a research note on Wednesday, January 8th. Finally, JPMorgan Chase & Co. upgraded shares of Canadian National Railway from a “neutral” rating to an “overweight” rating in a research note on Tuesday, January 7th. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating, seven have given a buy rating and four have issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $124.02.

Canadian National Railway Stock Down 0.7 %

Shares of NYSE CNI traded down $0.71 during trading on Thursday, hitting $99.36. The stock had a trading volume of 179,274 shares, compared to its average volume of 1,186,784. The company has a debt-to-equity ratio of 0.94, a current ratio of 0.66 and a quick ratio of 0.48. The company has a market capitalization of $62.44 billion, a PE ratio of 19.40, a PEG ratio of 1.95 and a beta of 0.91. Canadian National Railway has a 12 month low of $93.64 and a 12 month high of $132.73. The firm has a fifty day moving average of $101.19 and a two-hundred day moving average of $106.83.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last posted its quarterly earnings results on Thursday, January 30th. The transportation company reported $1.30 earnings per share for the quarter, missing the consensus estimate of $1.39 by ($0.09). Canadian National Railway had a net margin of 26.09% and a return on equity of 22.48%. As a group, equities research analysts forecast that Canadian National Railway will post 5.52 EPS for the current fiscal year.

Institutional Investors Weigh In On Canadian National Railway

A number of large investors have recently made changes to their positions in CNI. Mascagni Wealth Management Inc. purchased a new stake in shares of Canadian National Railway in the 4th quarter worth about $197,000. Chancellor Financial Group WB LP purchased a new stake in Canadian National Railway in the fourth quarter worth about $348,000. Wealth Enhancement Advisory Services LLC boosted its position in Canadian National Railway by 42.2% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 21,325 shares of the transportation company’s stock valued at $2,165,000 after acquiring an additional 6,324 shares in the last quarter. Wealthedge Investment Advisors LLC purchased a new position in shares of Canadian National Railway during the 4th quarter worth approximately $2,198,000. Finally, Brucke Financial Inc. bought a new position in shares of Canadian National Railway in the 4th quarter worth approximately $219,000. 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.