Canadian National Railway (NYSE:CNI) Upgraded by Stephens to Hold Rating

Canadian National Railway (NYSE:CNI) (TSE:CNR) was upgraded by investment analysts at Stephens to a “hold” rating in a research report issued on Wednesday,Zacks.com reports.

Several other research analysts have also recently commented on the company. Weiss Ratings raised Canadian National Railway from a “hold (c)” rating to a “hold (c+)” rating in a research note on Tuesday, June 23rd. National Bank Financial set a $124.00 price objective on Canadian National Railway in a research note on Thursday, June 25th. Evercore raised Canadian National Railway from an “in-line” rating to an “outperform” rating and set a $124.00 price objective for the company in a research report on Thursday, June 25th. Bank of America upped their target price on shares of Canadian National Railway from $132.00 to $134.00 and gave the stock a “buy” rating in a research note on Tuesday, June 23rd. Finally, Barclays lifted their price target on shares of Canadian National Railway from $99.00 to $109.00 and gave the stock an “equal weight” rating in a research note on Thursday, June 25th. Ten equities research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $128.40.

Canadian National Railway Trading Down 0.0%

Shares of CNI stock opened at $122.75 on Wednesday. Canadian National Railway has a fifty-two week low of $90.74 and a fifty-two week high of $123.00. The company has a 50 day moving average price of $116.47 and a 200 day moving average price of $108.36. The stock has a market capitalization of $74.47 billion, a P/E ratio of 22.32, a price-to-earnings-growth ratio of 2.31 and a beta of 0.96. The company has a debt-to-equity ratio of 0.95, a quick ratio of 0.49 and a current ratio of 0.67.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last posted its quarterly earnings results on Wednesday, April 29th. The transportation company reported $1.31 EPS for the quarter, hitting the consensus estimate of $1.31. The business had revenue of $3.15 billion during the quarter, compared to the consensus estimate of $3.15 billion. Canadian National Railway had a net margin of 27.22% and a return on equity of 21.90%. The company’s quarterly revenue was down .5% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.85 earnings per share. Equities research analysts predict that Canadian National Railway will post 5.75 EPS for the current fiscal year.

Institutional Trading of Canadian National Railway

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. High Point Wealth Management LLC purchased a new position in shares of Canadian National Railway in the 4th quarter valued at $27,000. MidFirst Bank purchased a new stake in shares of Canadian National Railway in the 4th quarter valued at about $31,000. Curio Wealth LLC acquired a new stake in shares of Canadian National Railway in the 4th quarter valued at about $31,000. Caitong International Asset Management Co. Ltd grew its stake in Canadian National Railway by 378.4% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 354 shares of the transportation company’s stock worth $35,000 after buying an additional 280 shares during the last quarter. Finally, MBM Wealth Consultants LLC acquired a new position in Canadian National Railway during the first quarter worth approximately $37,000. Institutional investors and hedge funds own 80.74% of the company’s stock.

Canadian National Railway Company Profile

Canadian National Railway Company (NYSE: CNI) is a Class I freight railway that operates an integrated rail network across Canada and the United States. Headquartered in Montreal, Quebec, CN provides long-haul freight transportation and related logistics services that connect major ports, industrial centers and inland markets throughout North America. Its transcontinental system enables cross-border movement of goods and supports supply chains that span coast-to-coast in Canada and into the central and eastern United States.

CN’s core business is the railborne transportation of a broad mix of commodities, including intermodal container traffic, forest and paper products, grain and other agricultural products, metallurgical and industrial products, petroleum and chemical products, coal and automotive shipments.