Canadian National Railways (NYSE: CNI) (TSE: CNR) The price target was lowered from USD 125.00 to USD 122.00 by research analysts at Credit Suisse Group in a research note issued to investors on Tuesday, reports Benzinga. The company currently has an “Outperform” rating on the transportation company’s stock. Credit Suisse Group’s price target indicates a potential gain of 12.21% over the company’s previous close.
Several other research analysts have also rated the CRF. The Smith Barney Citigroup raised its target price on shares of the Canadian National Railway from USD 110.00 to USD 127.00 in a research note on Monday, January 11th. Evercore ISI upgraded the Canadian National Railway from an “inline” rating to an “outperform” rating in a report on Thursday, February 25th. Raymond James raised the shares of Canadian National Railway in a research note on Tuesday, January 26th, from a “Market Perform” rating to an “Outperform” rating and raised the price target for the stock from $ 145.00 to 160.00 .00 USD raised. The Royal Bank of Canada lowered its target price on shares of the Canadian National Railway from $ 155.00 to $ 139.00 and issued a research note on Wednesday, January 27, rating the company’s sector performance. Finally, TD Securities lowered its target price on shares of the Canadian National Railway from $ 165.00 to $ 160.00 and issued a buy rating for the stock in a research note on Wednesday, January 27th. Sixteen equity analysts have rated the stock with a hold rating and eight with a buy rating. The Canadian National Railway currently has a consensus rating of “Hold” and an average price target of $ 122.21.
NYSE: CNI was trading at $ 0.74 during Tuesday’s trading hours to hit $ 108.72. The company had a trading volume of 34,685 shares compared to an average volume of 1,036,326 shares. The Canadian National Railway has a 1-year low of $ 77.20 and a 1-year high of $ 119.61. The company has a current rate of 1.05, a quick rate of 0.85, and a leverage ratio of 0.67. The company has a 50-day moving average of $ 115.73 and a 200-day moving average of $ 110.38. The company has a market cap of $ 77.18 billion, a P / E of 30.44, a P / E of 3.36, and a beta of 0.83.
This stock could be a big hit story in 2021.
The Canadian National Railway (NYSE: CNI) (TSE: CNR) last released its quarterly results on Sunday, April 25th. The transportation company reported earnings per share of $ 1.23 for the quarter, falling short of Thomson Reuters’ consensus estimate of $ 1.24 ($ 0.01). The Canadian National Railway had a net margin of 24.90% and a return on equity of 19.55%. The company had revenue of $ 3.54 billion for the quarter, compared to analyst expectations of $ 3.57 billion. For the same period last year, the company had earnings per share of $ 1.22. The company’s quarterly sales were 0.3% lower than in the same quarter of the previous year. On average, analysts predict that Canadian National Railway will achieve earnings per share of 4.1 this year.
A number of institutional investors recently bought and sold CNI stock. Wolff Wiese Magana LLC acquired a new position in Canadian National Railway shares valued at approximately $ 25,000 in the fourth quarter. Johnson Midwest Financial LLC acquired a new position on the Canadian National Railway for $ 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 during the period. Capital Asset Advisory Services LLC acquired a new stake in Canadian National Railway shares valued at 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 belong to institutional investors.
Profile of the Canadian National Railway Company
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.
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