Canadian National Railway (NYSE:CNI) Stock Rating Upgraded by Jefferies Financial Group

Canadian National Railway (NYSE:CNI) (TSE:CNR) was upgraded by stock analysts at Jefferies Financial Group from a “hold” rating to a “buy” rating in a research note issued on Friday, Marketbeat.com reports. The brokerage currently has a $120.00 price objective on the transportation company’s stock. Jefferies Financial Group’s price objective suggests a potential upside of 20.17% from the stock’s previous close.

Several other equities analysts have also recently weighed in on the company. Evercore ISI upgraded Canadian National Railway from a “hold” rating to a “strong-buy” rating in a report on Thursday, December 19th. Citigroup upgraded shares of Canadian National Railway from a “neutral” rating to a “buy” rating and upped their price target for the company from $126.00 to $130.00 in a report on Tuesday, November 12th. Veritas upgraded shares of Canadian National Railway from a “hold” rating to a “strong-buy” rating in a report on Wednesday, October 23rd. JPMorgan Chase & Co. raised shares of Canadian National Railway from a “neutral” rating to an “overweight” rating in a research note on Tuesday, January 7th. Finally, Royal Bank of Canada raised Canadian National Railway from a “sector perform” rating to an “outperform” rating in a research note on Thursday, October 10th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating, six have issued a buy rating and three have given a strong buy rating to the company. Based on data from MarketBeat, Canadian National Railway currently has a consensus rating of “Moderate Buy” and an average price target of $125.94.

Canadian National Railway Stock Down 2.5 %

Shares of Canadian National Railway stock opened at $99.86 on Friday. Canadian National Railway has a 12 month low of $98.96 and a 12 month high of $134.02. The business has a fifty day simple moving average of $106.41 and a 200 day simple moving average of $112.46. The company has a quick ratio of 0.49, a current ratio of 0.64 and a debt-to-equity ratio of 0.96. The stock has a market cap of $62.83 billion, a PE ratio of 16.00, a price-to-earnings-growth ratio of 2.43 and a beta of 0.91.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last announced its quarterly earnings results on Tuesday, October 22nd. The transportation company reported $1.72 EPS for the quarter, beating analysts’ consensus estimates of $1.70 by $0.02. The company had revenue of $4.11 billion during the quarter, compared to analysts’ expectations of $4.08 billion. Canadian National Railway had a return on equity of 23.62% and a net margin of 31.65%. Canadian National Railway’s revenue was up 3.1% on a year-over-year basis. During the same period in the prior year, the business posted $1.26 EPS. Research analysts predict that Canadian National Railway will post 5.31 EPS for the current year.

Hedge Funds Weigh In On Canadian National Railway

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Fortitude Family Office LLC boosted its holdings in shares of Canadian National Railway by 738.7% during the 3rd quarter. Fortitude Family Office LLC now owns 260 shares of the transportation company’s stock worth $30,000 after buying an additional 229 shares during the period. Coastline Trust Co acquired a new position in shares of Canadian National Railway in the third quarter valued at approximately $34,000. Reston Wealth Management LLC bought a new position in shares of Canadian National Railway during the third quarter worth approximately $41,000. Sanctuary Wealth Management L.L.C. acquired a new stake in Canadian National Railway during the 3rd quarter worth approximately $56,000. Finally, Grove Bank & Trust boosted its stake in Canadian National Railway by 15.3% in the 3rd quarter. Grove Bank & Trust now owns 730 shares of the transportation company’s stock valued at $86,000 after purchasing an additional 97 shares during the period. 80.74% of the stock is owned by institutional investors.

About Canadian National Railway

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.