1 week Ago By ABMN Staff
Canadian National Railway ( NYSE:CNI – Get Free Report ) (TSE:CNR) had its price objective lowered by research analysts at Jefferies Financial Group from $120.00 to $110.00 in a research report issued on Wednesday, Benzinga reports.
The brokerage presently has a “buy” rating on the transportation company’s stock. Jefferies Financial Group’s price objective indicates a potential upside of 14.88% from the stock’s previous close.
Several other research firms have also commented on CNI. Wells Fargo & Company reduced their price objective on Canadian National Railway from $125.00 to $123.
00 and set an “overweight” rating for the company in a research note on Monday, January 13th. Royal Bank of Canada cut their target price on shares of Canadian National Railway from $174.00 to $171.
00 and set an “outperform” rating for the company in a research note on Friday, January 31st. Bank of America decreased their price objective on Canadian National Railway from $119.00 to $112.
00 and set a “neutral” rating on the stock in a report on Wednesday, January 8th. Barclays dropped their price target on Canadian National Railway from $112.00 to $104.
00 and set an “equal weight” rating for the company in a research report on Wednesday, April 2nd. Finally, JPMorgan Chase & Co. raised shares of Canadian National Railway from a “neutral” rating to an “overweight” rating in a research note on Tuesday, January 7th.
Two investment analysts have rated the stock with a sell rating, seven have given a hold rating, seven have given a buy rating and four have given a strong buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $121.19.
Check Out Our Latest Stock Report on CNI Canadian National Railway Trading Down 2.6 % Canadian National Railway ( NYSE:CNI – Get Free Report ) (TSE:CNR) last issued its earnings results on Thursday, January 30th. The transportation company reported $1.
30 EPS for the quarter, missing the consensus estimate of $1.39 by ($0.09).
Canadian National Railway had a net margin of 26.09% and a return on equity of 22.48%.
As a group, analysts forecast that Canadian National Railway will post 5.52 EPS for the current fiscal year. Institutional Inflows and Outflows Hedge funds and other institutional investors have recently added to or reduced their stakes in the business.
Shell Asset Management Co. lifted its position in shares of Canadian National Railway by 0.5% in the 4th quarter.
Shell Asset Management Co. now owns 21,387 shares of the transportation company’s stock worth $2,171,000 after purchasing an additional 100 shares during the period. Thurston Springer Miller Herd & Titak Inc.
raised its stake in Canadian National Railway by 48.2% in the fourth quarter. Thurston Springer Miller Herd & Titak Inc.
now owns 332 shares of the transportation company’s stock worth $34,000 after buying an additional 108 shares in the last quarter. Voya Investment Management LLC lifted its holdings in Canadian National Railway by 1.4% during the fourth quarter.
Voya Investment Management LLC now owns 7,953 shares of the transportation company’s stock worth $807,000 after buying an additional 112 shares during the period. Gradient Investments LLC boosted its position in Canadian National Railway by 2.1% during the 1st quarter.
Gradient Investments LLC now owns 5,409 shares of the transportation company’s stock valued at $527,000 after acquiring an additional 112 shares in the last quarter. Finally, Crestwood Advisors Group LLC increased its holdings in shares of Canadian National Railway by 4.2% in the 4th quarter.
Crestwood Advisors Group LLC now owns 2,814 shares of the transportation company’s stock valued at $286,000 after acquiring an additional 114 shares during the period. 80.74% of the stock is currently owned by institutional investors.
Canadian National Railway Company Profile ( 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 More Receive News & Ratings for Canadian National Railway Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Canadian National Railway and related companies with MarketBeat.
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