Stephens Reiterates “Equal Weight” Rating for Canadian National Railway (NYSE:CNI)

Canadian National Railway (NYSE:CNI) (TSE:CNR)‘s stock had its “equal weight” rating reissued by investment analysts at Stephens in a report released on Wednesday, Benzinga reports. They currently have a $140.00 price target on the transportation company’s stock. Stephens’ price objective would suggest a potential upside of 12.20% from the stock’s current price.

CNI has been the topic of a number of other research reports. Jefferies Financial Group began coverage on Canadian National Railway in a research note on Monday, April 8th. They issued a “hold” rating and a $130.00 target price on the stock. Susquehanna Bancshares upped their price target on Canadian National Railway from $115.00 to $143.00 and gave the stock a “neutral” rating in a report on Monday, January 8th. Bank of America raised Canadian National Railway from a “neutral” rating to a “buy” rating and upped their price target for the stock from $140.00 to $145.00 in a report on Wednesday, April 10th. Benchmark reaffirmed a “hold” rating on shares of Canadian National Railway in a report on Wednesday. Finally, Barclays upped their price target on Canadian National Railway from $127.00 to $130.00 and gave the stock an “equal weight” rating in a report on Thursday, April 4th. Eighteen analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, Canadian National Railway presently has an average rating of “Hold” and a consensus price target of $148.60.

Canadian National Railway Stock Up 1.6 %

Shares of CNI opened at $124.78 on Wednesday. Canadian National Railway has a 52 week low of $103.96 and a 52 week high of $134.02. The company has a quick ratio of 0.47, a current ratio of 0.61 and a debt-to-equity ratio of 0.80. The company has a market capitalization of $79.70 billion, a price-to-earnings ratio of 19.90, a PEG ratio of 2.26 and a beta of 0.88. The stock’s 50-day moving average price is $129.58 and its 200-day moving average price is $122.22.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last issued its earnings results on Tuesday, January 23rd. The transportation company reported $1.48 EPS for the quarter, topping analysts’ consensus estimates of $1.46 by $0.02. Canadian National Railway had a return on equity of 23.17% and a net margin of 32.81%. The firm had revenue of $3.28 billion for the quarter, compared to the consensus estimate of $3.25 billion. On average, sell-side analysts predict that Canadian National Railway will post 5.93 EPS for the current year.

Institutional Investors Weigh In On Canadian National Railway

A number of large investors have recently made changes to their positions in CNI. CWM LLC grew its position in shares of Canadian National Railway by 9.3% in the third quarter. CWM LLC now owns 2,983 shares of the transportation company’s stock valued at $323,000 after purchasing an additional 255 shares in the last quarter. Coronation Fund Managers Ltd. grew its position in shares of Canadian National Railway by 22.1% in the third quarter. Coronation Fund Managers Ltd. now owns 706,327 shares of the transportation company’s stock valued at $76,516,000 after purchasing an additional 127,867 shares in the last quarter. Norris Perne & French LLP MI grew its position in shares of Canadian National Railway by 51.4% in the third quarter. Norris Perne & French LLP MI now owns 2,726 shares of the transportation company’s stock valued at $295,000 after purchasing an additional 926 shares in the last quarter. Ballentine Partners LLC grew its position in shares of Canadian National Railway by 19.8% in the third quarter. Ballentine Partners LLC now owns 2,148 shares of the transportation company’s stock valued at $233,000 after purchasing an additional 355 shares in the last quarter. Finally, PDS Planning Inc grew its position in Canadian National Railway by 2.8% in the third quarter. PDS Planning Inc now owns 4,477 shares of the transportation company’s stock worth $485,000 after acquiring an additional 122 shares during the period. 80.74% of the stock is currently 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.