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

Canadian National Railway (NYSE:CNI) (TSE:CNR) had its price target cut by equities researchers at Citigroup from $122.00 to $114.00 in a report released on Tuesday,BayStreet.CA reports. The firm currently has a “buy” rating on the transportation company’s stock. Citigroup’s price target would suggest a potential upside of 22.87% from the company’s current price.

Several other equities research analysts have also weighed in on CNI. Loop Capital lowered Canadian National Railway from a “hold” rating to a “sell” rating in a report on Monday, February 3rd. Susquehanna dropped their price target on shares of Canadian National Railway from $115.00 to $113.00 and set a “neutral” rating on the stock in a research note on Thursday, March 27th. JPMorgan Chase & Co. raised shares of Canadian National Railway from a “neutral” rating to an “overweight” rating in a report on Tuesday, January 7th. Bank of America lowered their target price on shares of Canadian National Railway from $119.00 to $112.00 and set a “neutral” rating on the stock in a report on Wednesday, January 8th. Finally, Evercore ISI raised Canadian National Railway from a “hold” rating to a “strong-buy” rating in a report on Thursday, December 19th. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating, seven have assigned a buy rating and four have given a strong buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $122.02.

Canadian National Railway Stock Performance

Shares of NYSE CNI traded down $1.97 during mid-day trading on Tuesday, reaching $92.78. 1,247,873 shares of the company’s stock were exchanged, compared to its average volume of 1,256,045. The firm has a 50-day moving average price of $100.22 and a two-hundred day moving average price of $105.61. The company has a debt-to-equity ratio of 0.94, a current ratio of 0.66 and a quick ratio of 0.48. The firm has a market capitalization of $58.30 billion, a price-to-earnings ratio of 18.13, a price-to-earnings-growth ratio of 1.95 and a beta of 0.93. Canadian National Railway has a 52 week low of $92.57 and a 52 week high of $132.27.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last released its 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%. Analysts predict that Canadian National Railway will post 5.52 EPS for the current year.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the business. Quintet Private Bank Europe S.A. bought a new position in shares of Canadian National Railway during the 4th quarter valued at $25,000. Arlington Trust Co LLC bought a new stake in Canadian National Railway in the fourth quarter worth $30,000. Lee Danner & Bass Inc. purchased a new stake in Canadian National Railway during the fourth quarter valued at about $30,000. Addison Advisors LLC grew its stake in shares of Canadian National Railway by 80.2% during the fourth quarter. Addison Advisors LLC now owns 319 shares of the transportation company’s stock valued at $32,000 after buying an additional 142 shares during the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. increased its holdings in shares of 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 during the period. 80.74% of the stock is owned by hedge funds and other institutional investors.

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.