Wells Fargo & Company Cuts Canadian National Railway (NYSE:CNI) Price Target to $115.00

Canadian National Railway (NYSE:CNIGet Rating) (TSE:CNR) had its target price cut by investment analysts at Wells Fargo & Company from $120.00 to $115.00 in a research report issued on Wednesday, The Fly reports. Wells Fargo & Company‘s price objective would indicate a potential downside of 7.27% from the company’s previous close.

Several other brokerages also recently commented on CNI. CIBC downgraded Canadian National Railway from an “outperform” rating to a “neutral” rating in a research note on Tuesday, December 13th. They noted that the move was a valuation call. StockNews.com upgraded Canadian National Railway from a “hold” rating to a “buy” rating in a research report on Tuesday, January 10th. Susquehanna dropped their price target on Canadian National Railway from $129.00 to $109.00 in a research report on Wednesday, September 28th. National Bank Financial lifted their price target on Canadian National Railway from C$173.00 to C$175.00 in a research report on Friday, December 16th. Finally, The Goldman Sachs Group downgraded Canadian National Railway from a “neutral” rating to a “sell” rating in a research report on Tuesday, January 10th. One analyst has rated the stock with a sell rating, ten have assigned a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $141.58.

Canadian National Railway Stock Up 0.3 %

Shares of NYSE CNI opened at $124.02 on Wednesday. Canadian National Railway has a 52 week low of $103.79 and a 52 week high of $137.19. The business has a 50-day simple moving average of $123.35 and a two-hundred day simple moving average of $119.93. 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 company has a market cap of $83.45 billion, a P/E ratio of 22.55, a P/E/G ratio of 1.88 and a beta of 0.90.

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

Hedge Funds Weigh In On Canadian National Railway

A number of large investors have recently bought and sold shares of the stock. Ascent Group LLC increased its stake in Canadian National Railway by 2.2% in the 3rd quarter. Ascent Group LLC now owns 4,005 shares of the transportation company’s stock worth $474,000 after purchasing an additional 87 shares during the period. Baird Financial Group Inc. increased its stake in Canadian National Railway by 0.3% in the 3rd 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 period. Tempus Wealth Planning LLC increased its stake in Canadian National Railway by 1.5% in the 3rd quarter. Tempus Wealth Planning LLC now owns 6,213 shares of the transportation company’s stock worth $671,000 after purchasing an additional 89 shares during the period. YorkBridge Wealth Partners LLC increased its stake in Canadian National Railway by 2.8% in the 3rd quarter. YorkBridge Wealth Partners LLC now owns 3,344 shares of the transportation company’s stock worth $361,000 after purchasing an additional 91 shares during the period. Finally, Cullen Frost Bankers Inc. increased its stake in Canadian National Railway by 1.7% in the 3rd quarter. Cullen Frost Bankers Inc. now owns 5,547 shares of the transportation company’s stock worth $599,000 after purchasing an additional 92 shares during the period. 86.96% of the stock is owned by hedge funds and other institutional investors.

Canadian National Railway Company Profile

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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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