Barclays Issues Pessimistic Forecast for Canadian National Railway (NYSE:CNI) Stock Price

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

Other research analysts also recently issued research reports about the stock. Bank of America lowered their price objective 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. Veritas raised Canadian National Railway from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, October 23rd. The Goldman Sachs Group decreased their target price on Canadian National Railway from $131.00 to $124.00 and set a “sell” rating for the company in a research report on Wednesday, October 9th. Citigroup upgraded shares of Canadian National Railway from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $126.00 to $130.00 in a report on Tuesday, November 12th. Finally, TD Securities raised Canadian National Railway from a “hold” rating to a “strong-buy” rating in a research report on Monday. One analyst has rated the stock with a sell rating, seven have issued a hold rating, seven have issued a buy rating and four have issued a strong buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $124.02.

Canadian National Railway Trading Up 0.4 %

NYSE:CNI traded up $0.45 during mid-day trading on Friday, hitting $102.44. 221,166 shares of the company’s stock were exchanged, compared to its average volume of 1,133,162. The company has a current ratio of 0.64, a quick ratio of 0.49 and a debt-to-equity ratio of 0.96. Canadian National Railway has a fifty-two week low of $98.96 and a fifty-two week high of $134.02. The company has a 50 day simple moving average of $105.85 and a 200-day simple moving average of $112.09. The firm has a market capitalization of $64.42 billion, a P/E ratio of 16.43, a PEG ratio of 2.21 and a beta of 0.91.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last announced its earnings results on Tuesday, October 22nd. The transportation company reported $1.72 earnings per share (EPS) for the quarter, topping 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 during the quarter, compared to analyst estimates of $4.08 billion. During the same period last year, the company earned $1.26 EPS. Canadian National Railway’s revenue for the quarter was up 3.1% compared to the same quarter last year. As a group, research analysts expect that Canadian National Railway will post 5.21 earnings per share for the current year.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the stock. National Bank of Canada FI lifted its position in shares of Canadian National Railway by 46.5% in the 3rd quarter. National Bank of Canada FI now owns 6,737,322 shares of the transportation company’s stock worth $789,030,000 after purchasing an additional 2,137,948 shares during the period. Canoe Financial LP purchased a new position in Canadian National Railway during the 4th quarter valued at about $216,943,000. Point72 Asset Management L.P. bought a new stake in Canadian National Railway during the third quarter worth about $159,907,000. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp grew its holdings in Canadian National Railway by 4,614.6% in the second quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 1,336,027 shares of the transportation company’s stock worth $157,896,000 after purchasing an additional 1,307,689 shares during the period. Finally, Wellington Management Group LLP boosted its position in shares of Canadian National Railway by 4.4% in the 3rd 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 in the last quarter. Hedge funds and other institutional investors own 80.74% of the company’s stock.

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.