Barclays Issues Pessimistic Forecast for Canadian National Railway (NYSE:CNI) Stock Price

Canadian National Railway (NYSE:CNI) (TSE:CNR) had its target price decreased by Barclays from $112.00 to $104.00 in a research note issued to investors on Wednesday,Benzinga reports. The brokerage currently has an “equal weight” rating on the transportation company’s stock. Barclays‘s price objective points to a potential upside of 5.69% from the stock’s previous close.

Several other equities analysts have also weighed in on CNI. Jefferies Financial Group raised shares of Canadian National Railway from a “hold” rating to a “buy” rating and set a $120.00 target price for the company in a report on Friday, January 10th. JPMorgan Chase & Co. raised shares of Canadian National Railway from a “neutral” rating to an “overweight” rating in a report on Tuesday, January 7th. Stifel Nicolaus increased their price objective on shares of Canadian National Railway from $120.00 to $125.00 and gave the company a “buy” rating in a report on Friday, January 31st. Wells Fargo & Company reduced their price target on shares of Canadian National Railway from $125.00 to $123.00 and set an “overweight” rating for the company in a research report on Monday, January 13th. Finally, Bank of America decreased their price target on shares of Canadian National Railway from $119.00 to $112.00 and set a “neutral” rating on the stock in a research note on Wednesday, January 8th. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating, seven have issued a buy rating and four have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $123.36.

Canadian National Railway Stock Down 0.2 %

NYSE:CNI opened at $98.40 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. Canadian National Railway has a twelve month low of $93.64 and a twelve month high of $132.27. The company has a market cap of $61.83 billion, a PE ratio of 19.22, a P/E/G ratio of 1.95 and a beta of 0.91. The company’s 50 day moving average is $100.88 and its two-hundred day moving average is $106.21.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last announced its quarterly earnings data 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%. Analysts anticipate that Canadian National Railway will post 5.52 EPS for the current year.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the stock. Shell Asset Management Co. lifted its stake in Canadian National Railway by 0.5% in the fourth quarter. Shell Asset Management Co. now owns 21,387 shares of the transportation company’s stock valued at $2,171,000 after buying an additional 100 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. grew its holdings in Canadian National Railway by 48.2% during the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 332 shares of the transportation company’s stock worth $34,000 after acquiring an additional 108 shares during the period. Voya Investment Management LLC grew its stake in shares of Canadian National Railway by 1.4% during the 4th quarter. Voya Investment Management LLC now owns 7,953 shares of the transportation company’s stock worth $807,000 after purchasing an additional 112 shares during the period. Crestwood Advisors Group LLC increased its holdings in Canadian National Railway by 4.2% in the fourth quarter. Crestwood Advisors Group LLC now owns 2,814 shares of the transportation company’s stock valued at $286,000 after buying an additional 114 shares in the last quarter. Finally, Lowe Brockenbrough & Co. Inc. lifted its position in shares of Canadian National Railway by 1.2% during the 4th quarter. Lowe Brockenbrough & Co. Inc. now owns 11,492 shares of the transportation company’s stock valued at $1,167,000 after acquiring an additional 139 shares during the period. Institutional investors and hedge funds own 80.74% of the company’s stock.

About Canadian National Railway

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.