Barclays Has Lowered Expectations for Canadian National Railway (NYSE:CNI) Stock Price

Canadian National Railway (NYSE:CNI) (TSE:CNR) had its price objective decreased by equities researchers at Barclays from $121.00 to $112.00 in a research note issued on Friday,Benzinga reports. The firm presently has an “equal weight” rating on the transportation company’s stock. Barclays‘s target price points to a potential upside of 10.30% from the company’s current price.

Several other equities analysts also recently weighed in on CNI. Benchmark restated a “hold” rating on shares of Canadian National Railway in a report on Thursday, October 24th. Wells Fargo & Company reduced their target price on Canadian National Railway from $125.00 to $123.00 and set an “overweight” rating on the stock in a research note on Monday, January 13th. Stephens reiterated an “equal weight” rating and set a $116.00 target price on shares of Canadian National Railway in a report on Wednesday, October 23rd. The Goldman Sachs Group cut their price target on Canadian National Railway from $131.00 to $124.00 and set a “sell” rating for the company in a report on Wednesday, October 9th. Finally, Susquehanna decreased their price objective on Canadian National Railway from $125.00 to $115.00 and set a “neutral” rating on the stock in a research note on Wednesday, January 8th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating, seven have given a buy rating and four have given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $124.02.

Canadian National Railway Price Performance

Shares of NYSE:CNI opened at $101.54 on Friday. The firm has a market capitalization of $63.85 billion, a price-to-earnings ratio of 16.27, a price-to-earnings-growth ratio of 2.21 and a beta of 0.91. The company has a debt-to-equity ratio of 0.96, a current ratio of 0.64 and a quick ratio of 0.49. The business’s 50 day simple moving average is $105.44 and its 200-day simple moving average is $111.91. Canadian National Railway has a 12 month low of $98.96 and a 12 month high of $134.02.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last posted its earnings results on Tuesday, October 22nd. The transportation company reported $1.72 EPS for the quarter, topping analysts’ consensus estimates 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 company had revenue of $4.11 billion for the quarter, compared to the consensus estimate of $4.08 billion. During the same period in the previous year, the business earned $1.26 earnings per share. Canadian National Railway’s quarterly revenue was up 3.1% compared to the same quarter last year. As a group, equities analysts forecast that Canadian National Railway will post 5.21 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Canadian National Railway

Several large investors have recently made changes to their positions in CNI. American Century Companies Inc. increased its holdings in Canadian National Railway by 22.2% in the 2nd quarter. American Century Companies Inc. now owns 127,342 shares of the transportation company’s stock valued at $15,048,000 after purchasing an additional 23,150 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in shares of Canadian National Railway by 4.6% in the second quarter. Dimensional Fund Advisors LP now owns 1,102,997 shares of the transportation company’s stock valued at $130,297,000 after buying an additional 48,984 shares in the last quarter. Renaissance Technologies LLC purchased a new stake in shares of Canadian National Railway during the 2nd quarter valued at about $1,725,000. Vanguard Personalized Indexing Management LLC lifted its position in Canadian National Railway by 5.1% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 14,665 shares of the transportation company’s stock worth $1,714,000 after acquiring an additional 709 shares in the last quarter. Finally, XTX Topco Ltd boosted its holdings in Canadian National Railway by 548.0% in the 2nd quarter. XTX Topco Ltd now owns 10,854 shares of the transportation company’s stock worth $1,282,000 after acquiring an additional 9,179 shares during the period. Institutional investors and hedge funds 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.