Canadian National Railways (NYSE: CNI) (TSE: CNR) The price target was raised from USD 140.00 to USD 145.00 by investment analysts at Scotiabank in a report published on Friday, reports The Fly. The broker currently has a “Sector Perform” rating on the transportation company’s stock. Scotiabank’s price target indicates a possible upward movement of 23.91% compared to the company’s current price.
Other equity analysts recently published research reports on the company. The Royal Bank of Canada lowered its target price for the Canadian National Railway from USD 155.00 to USD 139.00 and set a rating for the stock’s sector performance in a report on Wednesday, January 27th. Desjardins lowered its target price on the Canadian National Railway from $ 150.00 to $ 146.00 and posted a “hold” rating on the stock in a report on Thursday, January 28th. Citigroup Inc. 3% Minimum Coupon Principal Protected Based by Russell raised its target price for the Canadian National Railway from USD 110.00 to USD 127.00 in a report on Monday, January 11th. TD Securities cut its target price on Canadian National Railway from $ 165.00 to $ 160.00 and issued a buy rating for the stock in a report on Wednesday, January 27th. Finally, in a report on Monday, January 11th, Sanford C. Bernstein upgraded the Canadian National Railway from a “Market Perform” rating to an “Outperform” rating. Sixteen research analysts have rated the stock with a hold rating and eight with a buy rating. Canadian National Railway currently has a consensus rating of “Hold” and a consensus target of $ 121.47.
The shares of the Canadian National Railway traded at $ 0.92 during mid-day trading on Friday, to hit $ 117.02. 21,509 shares of the company were exchanged, compared with an average volume of 930,181. The company has a leverage ratio of 0.67, a current rate of 1.05, and a fast rate of 0.85. The company’s 50-day simple moving average is $ 113.93 and the company’s 200-day simple moving average is $ 109.62. The company has a market cap of $ 83.19 billion, a P / E of 32.67, a P / E of 3.36, and a beta of 0.83. The Canadian National Railway has a 12-month low of $ 75.51 and a 12-month high of $ 119.35.
With oil drilling and fracking now dead, investors are driving green energy stocks to dizzying heights and getting rich along the way. Here’s a brand new clean energy innovator, currently undiscovered at $ 2 per share, employing a world-first business model with a 10-20x uptrend.
The Canadian National Railway (NYSE: CNI) (TSE: CNR) last released its quarterly earnings data on Monday, January 25th. The transportation company reported earnings per share for the quarter of $ 1.43, beating the consensus estimate of $ 1.42 by $ 0.01. The Canadian National Railway achieved a return on equity of 19.55% and a net margin of 24.90%. The company had revenue of $ 3.66 billion for the quarter, compared to analyst expectations of $ 3.64 billion. For the same quarter last year, the company posted earnings of $ 1.25 per share. The company’s sales increased by 2.0% compared to the previous year. Analysts from stock studies predict that Canadian National Railway will achieve earnings per share of 4.1 for the current year.
A number of institutional investors recently changed their positions on CNI. Wolff Wiese Magana LLC acquired a new stake in Canadian National Railway worth approximately $ 25,000 in the fourth quarter. Johnson Midwest Financial LLC acquired a new stake in Canadian National Railway worth approximately $ 28,000 in the fourth quarter. AGF Investments LLC increased its stake in Canadian National Railway by 70.9% in the fourth quarter. AGF Investments LLC now owns 258 shares in the transportation company, valued at $ 28,000, after purchasing an additional 107 shares last quarter. Capital Asset Advisory Services LLC acquired a new stake in Canadian National Railway worth approximately $ 30,000 in the fourth quarter. Finally, NuWave Investment Management LLC increased its stake in Canadian National Railway by 4,042.9% in the fourth quarter. NuWave Investment Management LLC now owns 290 shares of the transportation company valued at $ 32,000 after purchasing an additional 283 shares last quarter. 54.23% of the shares are owned by hedge funds and other institutional investors.
Via the Canadian National Railway
The Canadian National Railway Company, together with its subsidiaries, operates in the rail and related transportation business. The product portfolio includes petroleum and chemicals, grain and fertilizers, coal, metals and minerals, forest products, intermodal products and automotive products for exporters, importers, retailers, farmers and manufacturers.
Recommended Story: How Do You Know How Many Shares Are Outstanding?
This instant message alert was generated through narrative science technology and financial data from MarketBeat to give readers the fastest, most accurate coverage possible. This story has been reviewed by the editorial staff of MarketBeat prior to publication. Please send questions or comments about this story to [email protected]
7 electric vehicle (EV) stocks ready for recovery
The electric vehicle sector was almost as foamy as the “pandemic stocks” of 2020. It wasn’t that the electric vehicle sector was dormant during the Trump administration.
But as the saying goes, choices have consequences. And Wall Street knows they can make money in any administration. And as a bet that Joe Biden would win the presidency, electric vehicle stocks soared.
For starters, the Biden government has already announced that it will prioritize climate change in a way that no government has ever done. And one way to do that is to incentivize the production and purchase of electric vehicles.
And to take advantage of this shift towards electric vehicle inventories, many private companies are racing to get involved in the action. Many of these companies preferred to go public through a Special Purpose Acquisition Company (SPAC). A SPAC is basically an abbreviation to the traditional IPO process.
However, what often goes up, goes down, and EV stocks have been hurt since late February. However, this creates an opportunity as the electric vehicle is still expected to see exceptional growth over the next five years.
To help you take advantage of these benefits, we’ve created this special presentation that features seven stocks that appear ready to move on to the next leg.
See the “7 Electric Vehicle (EV) Inventories Ready To Recover”.