Trading Report: The Stifel Nicolaus Raises Canadian National Railway Co. (CNI) Price Target to $66.00

The Stifel Nicolaus Raises Canadian National Railway Co. (CNI) Price Target to $66.00

Canadian National Railway Co. (NYSE:CNI) had its price target boosted by Stifel Nicolaus from $62.00 to $66.00 in a report released on Wednesday. Stifel Nicolaus currently has a hold rating on the stock.

A number of other equities research analysts have also weighed in on the company. Scotiabank reaffirmed a sector perform rating and set a $87.00 target price on shares of Canadian National Railway in a research report on Sunday, October 2nd. Royal Bank Of Canada reaffirmed an outperform rating and set a $89.00 target price on shares of Canadian National Railway in a research report on Tuesday, July 26th. Raymond James Financial Inc. lowered Canadian National Railway from an outperform rating to a market perform rating in a research report on Monday, October 17th. Vertical Research initiated coverage on Canadian National Railway in a research report on Tuesday, October 11th. They set a hold rating for the company. Finally, Atlantic Securities initiated coverage on Canadian National Railway in a research report on Thursday, August 11th. They set a neutral rating for the company. Two investment analysts have rated the stock with a sell rating, seventeen have given a hold rating and ten have issued a buy rating to the stock. The stock has a consensus rating of Hold and a consensus price target of $75.50.

Shares of Canadian National Railway (NYSE:CNI) opened at 63.10 on Wednesday. Canadian National Railway has a 52-week low of $46.23 and a 52-week high of $67.66. The company’s 50 day moving average price is $64.76 and its 200 day moving average price is $62.33. The stock has a market capitalization of $48.35 billion, a PE ratio of 18.60 and a beta of 1.10.

Canadian National Railway (NYSE:CNI) last issued its earnings results on Tuesday, October 25th. The company reported $1.25 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.92 by $0.33. The business earned $3.01 billion during the quarter, compared to analyst estimates of $2.39 billion. Canadian National Railway had a return on equity of 23.70% and a net margin of 29.78%. Canadian National Railway’s revenue was down 6.5% on a year-over-year basis. During the same period in the previous year, the company posted $1.26 EPS. On average, equities research analysts anticipate that Canadian National Railway will post $3.37 EPS for the current year.

Several hedge funds have recently modified their holdings of CNI. Northstar Investment Advisors LLC increased its stake in shares of Canadian National Railway by 9.3% in the third quarter. Northstar Investment Advisors LLC now owns 102,331 shares of the company’s stock worth $6,456,000 after buying an additional 8,674 shares during the last quarter. Synovus Financial Corp increased its stake in shares of Canadian National Railway by 28.1% in the third quarter. Synovus Financial Corp now owns 5,805 shares of the company’s stock worth $377,000 after buying an additional 1,274 shares during the last quarter. World Asset Management Inc increased its stake in shares of Canadian National Railway by 7.4% in the third quarter. World Asset Management Inc now owns 52,069 shares of the company’s stock worth $3,405,000 after buying an additional 3,574 shares during the last quarter. Great West Life Assurance Co. Can increased its stake in shares of Canadian National Railway by 3.1% in the third quarter. Great West Life Assurance Co. Can now owns 6,075,760 shares of the company’s stock worth $397,614,000 after buying an additional 184,013 shares during the last quarter. Finally, Baskin Financial Services Inc. increased its stake in shares of Canadian National Railway by 0.4% in the third quarter. Baskin Financial Services Inc. now owns 5,991 shares of the company’s stock worth $392,000 after buying an additional 26 shares during the last quarter. Hedge funds and other institutional investors own 55.96% of the company’s stock.

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