Canadian National Railway (NYSE:CNI) Price Target Cut to C$175.00 by Analysts at CIBC

Canadian National Railway (NYSE:CNIGet Rating) (TSE:CNR) had its price objective lowered by analysts at CIBC from C$181.00 to C$175.00 in a report issued on Wednesday, The Fly reports.

Other equities analysts have also recently issued reports about the stock. BMO Capital Markets decreased their target price on shares of Canadian National Railway from C$185.00 to C$180.00 in a research note on Wednesday. Susquehanna Bancshares reduced their price objective on shares of Canadian National Railway from $129.00 to $109.00 and set a “neutral” rating for the company in a research report on Wednesday, September 28th. The Goldman Sachs Group cut shares of Canadian National Railway from a “neutral” rating to a “sell” rating in a research report on Tuesday, January 10th. StockNews.com raised shares of Canadian National Railway from a “hold” rating to a “buy” rating in a research report on Tuesday, January 10th. Finally, Atb Cap Markets reaffirmed a “sector perform” rating on shares of Canadian National Railway in a research report on Tuesday, December 20th. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat, Canadian National Railway has a consensus rating of “Hold” and a consensus target price of $141.89.

Canadian National Railway Stock Down 4.8 %

Shares of NYSE:CNI traded down $5.96 during midday trading on Wednesday, hitting $118.06. The stock had a trading volume of 2,266,821 shares, compared to its average volume of 947,076. Canadian National Railway has a 12 month low of $103.79 and a 12 month high of $137.19. The company has a quick ratio of 0.80, a current ratio of 1.01 and a debt-to-equity ratio of 0.66. The business’s 50-day simple moving average is $123.35 and its 200-day simple moving average is $119.93. The company has a market cap of $79.44 billion, a P/E ratio of 21.47, a PEG ratio of 1.88 and a beta of 0.90.

Canadian National Railway (NYSE:CNIGet Rating) (TSE:CNR) last released its earnings results on Tuesday, October 25th. The transportation company reported $1.63 earnings per share for the quarter, beating the consensus estimate of $1.51 by $0.12. Canadian National Railway had a net margin of 29.99% and a return on equity of 22.23%. The business had revenue of $4.51 billion during the quarter, compared to analysts’ expectations of $4.32 billion. During the same period last year, the business earned $1.21 earnings per share. The firm’s revenue was up 25.7% on a year-over-year basis. On average, sell-side analysts forecast that Canadian National Railway will post 5.55 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Ascent Group LLC raised its stake in Canadian National Railway by 2.2% during the third quarter. Ascent Group LLC now owns 4,005 shares of the transportation company’s stock worth $474,000 after acquiring an additional 87 shares in the last quarter. Baird Financial Group Inc. grew its holdings in shares of Canadian National Railway by 0.3% during the third quarter. Baird Financial Group Inc. now owns 28,401 shares of the transportation company’s stock worth $3,067,000 after purchasing an additional 88 shares during the last quarter. Tempus Wealth Planning LLC boosted its holdings in Canadian National Railway by 1.5% in the third quarter. Tempus Wealth Planning LLC now owns 6,213 shares of the transportation company’s stock valued at $671,000 after acquiring an additional 89 shares during the last quarter. YorkBridge Wealth Partners LLC boosted its holdings in Canadian National Railway by 2.8% in the third quarter. YorkBridge Wealth Partners LLC now owns 3,344 shares of the transportation company’s stock valued at $361,000 after acquiring an additional 91 shares during the last quarter. Finally, Cullen Frost Bankers Inc. boosted its holdings in Canadian National Railway by 1.7% in the third quarter. Cullen Frost Bankers Inc. now owns 5,547 shares of the transportation company’s stock valued at $599,000 after acquiring an additional 92 shares during the last quarter. Institutional investors and hedge funds own 86.96% of the company’s stock.

About Canadian National Railway

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Canadian National Railway Co engages in rail and related transportation business. The firm services include rail, intermodal, trucking, supply chain services, business development and maps and network. Its offers their services in automotive, coal, fertilizer, food and beverages, forest products, dimensional loads, grain, metals and minerals and petroleum and chemicals industries.

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