Canadian National Railway (NYSE:CNI) Given Average Rating of “Moderate Buy” by Analysts

Canadian National Railway (NYSE:CNI) (TSE:CNR) has earned an average recommendation of “Moderate Buy” from the eighteen analysts that are presently covering the stock, Marketbeat Ratings reports. One analyst has rated the stock with a sell recommendation, six have assigned a hold recommendation, seven have assigned a buy recommendation and four have assigned a strong buy recommendation to the company. The average 12-month target price among brokers that have covered the stock in the last year is $124.02.

A number of brokerages have recently issued reports on CNI. JPMorgan Chase & Co. raised Canadian National Railway from a “neutral” rating to an “overweight” rating in a research note on Tuesday, January 7th. Benchmark restated a “hold” rating on shares of Canadian National Railway in a research report on Thursday, October 24th. Stifel Nicolaus upgraded Canadian National Railway from a “hold” rating to a “buy” rating and lowered their price objective for the company from $132.00 to $120.00 in a research report on Thursday, January 16th. Sanford C. Bernstein cut their target price on shares of Canadian National Railway from $130.67 to $126.29 and set a “market perform” rating on the stock in a report on Wednesday, October 9th. Finally, Veritas raised shares of Canadian National Railway from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, October 23rd.

Canadian National Railway Trading Up 0.7 %

Shares of CNI opened at $104.43 on Thursday. Canadian National Railway has a 1-year low of $98.96 and a 1-year high of $134.02. The company has a market capitalization of $65.67 billion, a P/E ratio of 16.74, a P/E/G ratio of 2.30 and a beta of 0.91. The company has a debt-to-equity ratio of 0.96, a current ratio of 0.64 and a quick ratio of 0.49. The firm’s 50 day simple moving average is $105.08 and its 200 day simple moving average is $111.60.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last released its 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. Canadian National Railway had a return on equity of 23.62% and a net margin of 31.65%. The business had revenue of $4.11 billion for the quarter, compared to analysts’ expectations of $4.08 billion. During the same quarter in the prior year, the firm earned $1.26 earnings per share. The firm’s revenue was up 3.1% on a year-over-year basis. Sell-side analysts forecast that Canadian National Railway will post 5.15 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of CNI. XTX Topco Ltd lifted its holdings in shares of Canadian National Railway by 43.3% during the 3rd quarter. XTX Topco Ltd now owns 15,552 shares of the transportation company’s stock valued at $1,822,000 after buying an additional 4,698 shares during the period. Principal Financial Group Inc. lifted its stake in shares of Canadian National Railway by 29.6% in the 3rd quarter. Principal Financial Group Inc. now owns 92,300 shares of the transportation company’s stock worth $10,820,000 after purchasing an additional 21,100 shares during the period. Unigestion Holding SA boosted its holdings in shares of Canadian National Railway by 363.6% in the third quarter. Unigestion Holding SA now owns 153,880 shares of the transportation company’s stock worth $18,012,000 after buying an additional 120,687 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. grew its position in Canadian National Railway by 5.4% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 3,962,972 shares of the transportation company’s stock valued at $464,002,000 after buying an additional 202,303 shares during the period. Finally, Partners Group Holding AG raised its position in Canadian National Railway by 16.3% in the third quarter. Partners Group Holding AG now owns 406,066 shares of the transportation company’s stock worth $47,571,000 after acquiring an additional 56,849 shares during the period. Hedge funds and other institutional investors own 80.74% of the company’s stock.

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.