Canadian National Railway (NYSE:CNI) Rating Lowered to “Sell” at Loop Capital

Canadian National Railway (NYSE:CNI) (TSE:CNR) was downgraded by research analysts at Loop Capital from a “hold” rating to a “sell” rating in a research note issued on Monday, Marketbeat reports.

A number of other research firms have also issued reports on CNI. Veritas upgraded shares of Canadian National Railway from a “hold” rating to a “strong-buy” rating in a report on Wednesday, October 23rd. Jefferies Financial Group upgraded Canadian National Railway from a “hold” rating to a “buy” rating and set a $120.00 price objective on the stock in a research note on Friday, January 10th. Sanford C. Bernstein lowered their target price on Canadian National Railway from $130.67 to $126.29 and set a “market perform” rating for the company in a research note on Wednesday, October 9th. Barclays reduced their price target on Canadian National Railway from $121.00 to $112.00 and set an “equal weight” rating on the stock in a research report on Friday, January 17th. Finally, JPMorgan Chase & Co. raised Canadian National Railway from a “neutral” rating to an “overweight” rating in a research report on Tuesday, January 7th. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating, seven have assigned a buy rating and four have assigned a strong buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $124.19.

Canadian National Railway Trading Up 3.1 %

Shares of NYSE CNI opened at $101.79 on Monday. The company has a current ratio of 0.66, a quick ratio of 0.48 and a debt-to-equity ratio of 0.94. The stock has a market capitalization of $64.01 billion, a PE ratio of 19.88, a PEG ratio of 2.47 and a beta of 0.91. Canadian National Railway has a twelve month low of $98.69 and a twelve month high of $134.02. The stock has a fifty day simple moving average of $104.22 and a 200-day simple moving average of $110.63.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last released its earnings results on Thursday, January 30th. The transportation company reported $1.30 earnings per share for the quarter, missing the consensus estimate of $1.39 by ($0.09). Canadian National Railway had a net margin of 26.09% and a return on equity of 22.48%. On average, equities analysts forecast that Canadian National Railway will post 5.52 earnings per share for the current year.

Institutional Trading of Canadian National Railway

A number of large investors have recently made changes to their positions in the company. Grove Bank & Trust increased its stake in Canadian National Railway by 15.3% in the third 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. Thurston Springer Miller Herd & Titak Inc. grew its holdings in shares of Canadian National Railway by 48.2% during the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 332 shares of the transportation company’s stock worth $34,000 after buying an additional 108 shares during the last quarter. Crestwood Advisors Group LLC increased its position in Canadian National Railway by 4.2% in the 4th quarter. Crestwood Advisors Group LLC now owns 2,814 shares of the transportation company’s stock valued at $286,000 after acquiring an additional 114 shares during the period. Catalytic Wealth RIA LLC raised its stake in Canadian National Railway by 2.3% during the 3rd quarter. Catalytic Wealth RIA LLC now owns 5,582 shares of the transportation company’s stock valued at $654,000 after acquiring an additional 123 shares during the last quarter. Finally, Harrington Investments INC lifted its position in Canadian National Railway by 0.6% during the 3rd quarter. Harrington Investments INC now owns 20,346 shares of the transportation company’s stock worth $2,384,000 after acquiring an additional 130 shares during the period. 80.74% of the stock is owned by institutional investors and hedge funds.

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.