Citigroup Upgrades Canadian National Railway (TSE:CNR) to Hold

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

Other equities research analysts have also issued reports about the stock. Sanford C. Bernstein dropped their target price on shares of Canadian National Railway from C$179.00 to C$173.00 in a research report on Wednesday. ATB Capital dropped their target price on shares of Canadian National Railway from C$177.00 to C$167.00 in a research report on Thursday, September 12th. Raymond James dropped their target price on shares of Canadian National Railway from C$187.00 to C$180.00 and set an “outperform” rating for the company in a research report on Wednesday, September 11th. Royal Bank of Canada lifted their target price on shares of Canadian National Railway from C$160.00 to C$169.00 and gave the company a “sector perform” rating in a research report on Monday, September 30th. Finally, Barclays dropped their target price on shares of Canadian National Railway from C$165.00 to C$162.00 and set a “hold” rating for the company in a research report on Wednesday, September 25th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating, seven have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus target price of C$175.14.

Canadian National Railway Price Performance

Shares of TSE:CNR opened at C$158.27 on Wednesday. The company has a quick ratio of 0.58, a current ratio of 0.63 and a debt-to-equity ratio of 107.62. The firm has a market capitalization of C$99.63 billion, a PE ratio of 18.84, a P/E/G ratio of 2.06 and a beta of 0.65. Canadian National Railway has a twelve month low of C$143.13 and a twelve month high of C$181.34. The company has a 50-day moving average price of C$157.07 and a two-hundred day moving average price of C$165.54.

Canadian National Railway (TSE:CNR) (NYSE:CNI) last issued its earnings results on Tuesday, July 23rd. The company reported C$1.84 earnings per share for the quarter, missing analysts’ consensus estimates of C$1.93 by C($0.09). Canadian National Railway had a return on equity of 27.41% and a net margin of 32.02%. The business had revenue of C$4.33 billion for the quarter, compared to the consensus estimate of C$4.40 billion. Equities analysts forecast that Canadian National Railway will post 8.5979325 EPS for the current year.

Insider Activity at Canadian National Railway

In other news, Director Josephine Ann Marie Depass Olsovsky bought 2,610 shares of Canadian National Railway stock in a transaction on Friday, July 26th. The stock was acquired at an average cost of C$115.29 per share, for a total transaction of C$300,906.90. In other news, Director Josephine Ann Marie Depass Olsovsky bought 2,610 shares of the company’s stock in a transaction that occurred on Friday, July 26th. The shares were purchased at an average price of C$115.29 per share, for a total transaction of C$300,906.90. Also, Director Shauneen Elizabeth Bruder bought 543 shares of the company’s stock in a transaction that occurred on Wednesday, September 25th. The stock was purchased at an average price of C$157.53 per share, for a total transaction of C$85,539.88. Insiders bought 4,383 shares of company stock worth $585,772 over the last three months. 1.69% of the stock is owned by corporate insiders.

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.