Today The Credit Suisse Group Trims Canadian National Railway Company (CNI) Target Price to $70.00

Today The Credit Suisse Group Trims Canadian National Railway Company (CNI) Target Price to $70.00

Canadian National Railway Company (NYSE:CNI) (TSE:CNR) had its price target lowered by investment analysts at Credit Suisse Group to $70.00 in a research report issued on Wednesday. Credit Suisse Group’s target price suggests a potential downside of 1.59% from the stock’s current price.

Several other equities research analysts have also recently commented on CNI. Scotiabank reaffirmed a “sector perform” rating and set a $87.00 price objective on shares of Canadian National Railway Company in a research report on Sunday, October 2nd. TD Securities reaffirmed a “hold” rating and set a $90.00 price objective on shares of Canadian National Railway Company in a research report on Saturday, October 8th. Vertical Research started coverage on Canadian National Railway Company in a research report on Tuesday, October 11th. They set a “hold” rating on the stock. Raymond James Financial, Inc. cut Canadian National Railway Company from an “outperform” rating to a “market perform” rating in a research report on Monday, October 17th. Finally, Stifel Nicolaus increased their price objective on Canadian National Railway Company from $62.00 to $66.00 and gave the company a “hold” rating in a research report on Wednesday, October 26th. One analyst has rated the stock with a sell rating, seventeen have assigned a hold rating and eleven have given a buy rating to the company. Canadian National Railway Company presently has an average rating of “Hold” and an average price target of $77.00.

Canadian National Railway Company (NYSE:CNI) opened at 71.13 on Wednesday. The stock has a market cap of $54.51 billion, a price-to-earnings ratio of 20.91 and a beta of 1.01. The firm’s 50-day moving average price is $68.74 and its 200-day moving average price is $65.32. Canadian National Railway Company has a 12-month low of $50.20 and a 12-month high of $71.57.

Canadian National Railway Company (NYSE:CNI) last released its earnings results on Tuesday, January 24th. The company reported $1.23 EPS for the quarter, topping analysts’ consensus estimates of $0.91 by $0.32. Canadian National Railway Company had a return on equity of 23.70% and a net margin of 29.78%. The firm had revenue of $3.22 billion for the quarter, compared to analysts’ expectations of $2.32 billion. During the same period in the prior year, the firm posted $1.18 earnings per share. The company’s quarterly revenue was up 1.6% on a year-over-year basis. On average, equities analysts predict that Canadian National Railway Company will post $3.43 EPS for the current fiscal year.

Several institutional investors have recently made changes to their positions in the company. Concert Wealth Management Inc. raised its stake in shares of Canadian National Railway Company by 0.5% in the third quarter. Concert Wealth Management Inc. now owns 4,298 shares of the company’s stock worth $281,000 after buying an additional 21 shares in the last quarter. Brown Advisory Securities LLC raised its stake in shares of Canadian National Railway Company by 0.3% in the third quarter. Brown Advisory Securities LLC now owns 8,954 shares of the company’s stock worth $587,000 after buying an additional 24 shares in the last quarter. Telemus Capital LLC raised its stake in shares of Canadian National Railway Company by 0.6% in the third quarter. Telemus Capital LLC now owns 4,124 shares of the company’s stock worth $270,000 after buying an additional 25 shares in the last quarter. Advisor Partners LLC raised its stake in shares of Canadian National Railway Company by 0.5% in the second quarter. Advisor Partners LLC now owns 5,769 shares of the company’s stock worth $339,000 after buying an additional 26 shares in the last quarter. Finally, Baskin Financial Services Inc. raised its stake in shares of Canadian National Railway Company 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 in the last quarter. Hedge funds and other institutional investors own 54.28% of the company’s stock.

About Canadian National Railway Company

Canadian National Railway Co is engaged in the rail and related transportation business. The Company’s network of approximately 20,000 route miles of track spans Canada and mid-America, connecting approximately three coasts, including the Atlantic, the Pacific and the Gulf of Mexico. The Company’s freight includes approximately seven commodity groups, such as petroleum and chemicals, metals and minerals, forest products, coal, grain and fertilizers, intermodal and automotive.

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