Canadian National Railway (NYSE:CNI) Upgraded at Stifel Nicolaus

Canadian National Railway (NYSE:CNI) (TSE:CNR) was upgraded by stock analysts at Stifel Nicolaus from a “hold” rating to a “buy” rating in a report released on Thursday,Benzinga reports. The brokerage presently has a $120.00 price objective on the transportation company’s stock, down from their previous price objective of $132.00. Stifel Nicolaus’ price target would indicate a potential upside of 19.13% from the company’s current price.

Several other research firms have also recently weighed in on CNI. Wells Fargo & Company cut their target price on Canadian National Railway from $125.00 to $123.00 and set an “overweight” rating for the company in a research note on Monday. Jefferies Financial Group raised 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. Benchmark restated a “hold” rating on shares of Canadian National Railway in a research note on Thursday, October 24th. Finally, Susquehanna dropped their price objective on shares of Canadian National Railway from $125.00 to $115.00 and set a “neutral” rating for the company in a research note on Wednesday, January 8th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating, seven have issued a buy rating and four have assigned a strong buy rating to the stock. According to MarketBeat, Canadian National Railway presently has an average rating of “Moderate Buy” and a consensus target price of $124.77.

Canadian National Railway Stock Up 0.4 %

CNI stock opened at $100.73 on Thursday. Canadian National Railway has a 52 week low of $98.96 and a 52 week high of $134.02. The business has a 50-day simple moving average of $106.08 and a 200 day simple moving average of $112.17. 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 company has a market cap of $63.34 billion, a PE ratio of 16.14, a price-to-earnings-growth ratio of 2.21 and a beta of 0.91.

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 the consensus estimate of $1.70 by $0.02. Canadian National Railway had a net margin of 31.65% and a return on equity of 23.62%. The firm had revenue of $4.11 billion for the quarter, compared to analyst estimates of $4.08 billion. During the same period last year, the firm earned $1.26 EPS. The business’s quarterly revenue was up 3.1% compared to the same quarter last year. Sell-side analysts anticipate that Canadian National Railway will post 5.21 EPS for the current fiscal year.

Hedge Funds Weigh In On Canadian National Railway

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Wellington Management Group LLP increased its position in shares of Canadian National Railway by 4.4% during the third quarter. Wellington Management Group LLP now owns 18,562,189 shares of the transportation company’s stock valued at $2,175,935,000 after acquiring an additional 790,420 shares during the last quarter. 1832 Asset Management L.P. increased its position in shares of Canadian National Railway by 7.8% during the 2nd quarter. 1832 Asset Management L.P. now owns 9,365,622 shares of the transportation company’s stock valued at $1,106,361,000 after purchasing an additional 674,536 shares during the last quarter. JARISLOWSKY FRASER Ltd increased its position in shares of Canadian National Railway by 1.2% during the 2nd quarter. JARISLOWSKY FRASER Ltd now owns 8,610,928 shares of the transportation company’s stock valued at $1,017,315,000 after purchasing an additional 99,716 shares during the last quarter. National Bank of Canada FI raised its stake in shares of Canadian National Railway by 46.5% during the 3rd quarter. National Bank of Canada FI now owns 6,737,322 shares of the transportation company’s stock worth $789,030,000 after purchasing an additional 2,137,948 shares during the period. Finally, Fiera Capital Corp boosted its holdings in shares of Canadian National Railway by 0.7% in the 3rd quarter. Fiera Capital Corp now owns 5,482,524 shares of the transportation company’s stock worth $642,828,000 after buying an additional 39,063 shares during the last quarter. 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.