1 week Ago By Defense World Staff
Canadian National Railway (NYSE:CNI – Get Free Report) (TSE:CNR) had its price objective lowered by stock analysts at Jefferies Financial Group from $120.00 to $110.00 in a research report issued on Wednesday,Benzinga reports.
The firm presently has a “buy” rating on the transportation company’s stock. Jefferies Financial Group’s target price would suggest a potential upside of 14.88% from the company’s current price.
Other equities research analysts also recently issued research reports about the company. TD Securities raised Canadian National Railway from a “hold” rating to a “strong-buy” rating in a report on Monday, January 13th. Barclays reduced their price objective on shares of Canadian National Railway from $112.
00 to $104.00 and set an “equal weight” rating on the stock in a research note on Wednesday, April 2nd. Stifel Nicolaus increased their target price on shares of Canadian National Railway from $120.
00 to $125.00 and gave the company a “buy” rating in a research report on Friday, January 31st. Royal Bank of Canada dropped their price target on Canadian National Railway from $174.
00 to $171.00 and set an “outperform” rating on the stock in a research note on Friday, January 31st. Finally, Evercore ISI raised Canadian National Railway from a “hold” rating to a “strong-buy” rating in a research note on Thursday, December 19th.
Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating, seven have assigned a buy rating and four have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $121.
19.Get Our Latest Stock Report on CNICanadian National Railway Stock PerformanceNYSE:CNI opened at $95.75 on Wednesday.
The company has a current ratio of 0.66, a quick ratio of 0.48 and a debt-to-equity ratio of 0.
94. The stock has a market cap of $60.17 billion, a P/E ratio of 18.
70, a PEG ratio of 1.95 and a beta of 0.93.
The stock has a 50 day simple moving average of $99.40 and a 200 day simple moving average of $105.01.
Canadian National Railway has a 1-year low of $91.65 and a 1-year high of $132.27.
Canadian National Railway (NYSE:CNI – Get Free Report) (TSE:CNR) last released its quarterly earnings results on Thursday, January 30th. The transportation company reported $1.30 earnings per share for the quarter, missing analysts’ consensus estimates of $1.
39 by ($0.09). Canadian National Railway had a net margin of 26.
09% and a return on equity of 22.48%. Research analysts anticipate that Canadian National Railway will post 5.
52 earnings per share for the current year. Institutional Inflows and OutflowsHedge funds have recently bought and sold shares of the business. Royal Bank of Canada increased its position in shares of Canadian National Railway by 7.
5% during the fourth quarter. Royal Bank of Canada now owns 27,757,038 shares of the transportation company’s stock valued at $2,817,616,000 after buying an additional 1,934,622 shares during the period. Vanguard Group Inc.
lifted its stake in Canadian National Railway by 0.4% during the fourth quarter. Vanguard Group Inc.
now owns 22,986,678 shares of the transportation company’s stock worth $2,334,251,000 after purchasing an additional 101,228 shares during the last quarter. Capital International Investors boosted its stake in Canadian National Railway by 12.8% in the fourth quarter.
Capital International Investors now owns 11,822,063 shares of the transportation company’s stock worth $1,199,680,000 after buying an additional 1,341,133 shares in the last quarter. TD Asset Management Inc. grew its holdings in shares of Canadian National Railway by 2.
7% during the 4th quarter. TD Asset Management Inc. now owns 11,768,500 shares of the transportation company’s stock valued at $1,194,443,000 after purchasing an additional 309,210 shares during the last quarter.
Finally, JARISLOWSKY FRASER Ltd increased its holdings in shares of Canadian National Railway by 4.8% in the fourth quarter. JARISLOWSKY FRASER Ltd now owns 9,159,075 shares of the transportation company’s stock worth $926,573,000 after buying an additional 422,078 shares during the period.
80.74% of the stock is currently owned by hedge funds and other institutional investors. About Canadian National Railway (Get Free Report)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.Read MoreFive stocks we like better than Canadian National RailwayBuy P&G Now, Before It Sets A New All-Time HighJoby Aviation: Operational Momentum vs. Market SentimentHow to Use Stock Screeners to Find StocksBroadcom’s Big Outperformance Shows Strength Amid Tariff Decline5 Top Rated Dividend Stocks to ConsiderCarvana: Can Turnaround Strength Outdrive Market Headwinds?.
