Canadian National Railway (NYSE:CNI) Price Target Cut to $112.00 by Analysts at Bank of America

Canadian National Railway (NYSE:CNI) (TSE:CNR) had its target price dropped by Bank of America from $119.00 to $112.00 in a research note issued on Wednesday,Benzinga reports. The firm presently has a “neutral” rating on the transportation company’s stock. Bank of America‘s price target points to a potential upside of 9.30% from the company’s current price.

A number of other research firms have also recently issued reports on CNI. Stephens reiterated an “equal weight” rating and issued a $116.00 target price on shares of Canadian National Railway in a research note on Wednesday, October 23rd. The Goldman Sachs Group reduced their price objective on shares of Canadian National Railway from $131.00 to $124.00 and set a “sell” rating for the company in a research note on Wednesday, October 9th. Sanford C. Bernstein lowered their target price on shares of Canadian National Railway from $130.67 to $126.29 and set a “market perform” rating on the stock in a research report on Wednesday, October 9th. Evercore ISI raised Canadian National Railway from a “hold” rating to a “strong-buy” rating in a research report on Thursday, December 19th. Finally, Wells Fargo & Company lowered their price objective on Canadian National Railway from $133.00 to $125.00 and set an “overweight” rating on the stock in a report on Tuesday. One research analyst has rated the stock with a sell rating, ten have issued a hold rating, five have issued a buy rating and three have issued a strong buy rating to the stock. Based on data from MarketBeat.com, Canadian National Railway currently has an average rating of “Moderate Buy” and an average price target of $122.48.

Canadian National Railway Trading Down 1.8 %

Shares of NYSE:CNI opened at $102.47 on Wednesday. The firm has a fifty day moving average of $106.58 and a two-hundred day moving average of $112.63. The company has a quick ratio of 0.49, a current ratio of 0.64 and a debt-to-equity ratio of 0.96. Canadian National Railway has a 12-month low of $98.96 and a 12-month high of $134.02. The firm has a market capitalization of $64.47 billion, a P/E ratio of 16.42, a price-to-earnings-growth ratio of 2.43 and a beta of 0.91.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last issued its earnings results on Tuesday, October 22nd. The transportation company reported $1.72 EPS for the quarter, beating 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 firm had revenue of $4.11 billion for the quarter, compared to the consensus estimate of $4.08 billion. During the same quarter in the previous year, the company posted $1.26 earnings per share. The business’s quarterly revenue was up 3.1% compared to the same quarter last year. On average, equities analysts expect that Canadian National Railway will post 5.31 EPS for the current fiscal year.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. Grove Bank & Trust grew its position in Canadian National Railway by 15.3% during the third quarter. Grove Bank & Trust now owns 730 shares of the transportation company’s stock worth $86,000 after buying an additional 97 shares in the last quarter. Catalytic Wealth RIA LLC grew its holdings in shares of Canadian National Railway by 2.3% during the 3rd quarter. Catalytic Wealth RIA LLC now owns 5,582 shares of the transportation company’s stock worth $654,000 after purchasing an additional 123 shares in the last quarter. Harrington Investments INC increased its position in shares of Canadian National Railway by 0.6% during the third quarter. Harrington Investments INC now owns 20,346 shares of the transportation company’s stock valued at $2,384,000 after purchasing an additional 130 shares during the period. EverSource Wealth Advisors LLC raised its stake in shares of Canadian National Railway by 15.6% in the second quarter. EverSource Wealth Advisors LLC now owns 972 shares of the transportation company’s stock valued at $113,000 after purchasing an additional 131 shares in the last quarter. Finally, Koshinski Asset Management Inc. lifted its position in Canadian National Railway by 3.2% in the third quarter. Koshinski Asset Management Inc. now owns 4,375 shares of the transportation company’s stock worth $513,000 after purchasing an additional 135 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.