Canadian National Railway (NYSE:CNI) Upgraded at TD Securities

Canadian National Railway (NYSE:CNI) (TSE:CNR) was upgraded by analysts at TD Securities from a “hold” rating to a “strong-buy” rating in a report issued on Monday,Zacks.com reports.

Other equities analysts have also recently issued research reports about the company. JPMorgan Chase & Co. raised Canadian National Railway from a “neutral” rating to an “overweight” rating in a research report on Tuesday, January 7th. Sanford C. Bernstein dropped 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 research report on Wednesday, October 9th. Stephens reissued an “equal weight” rating and issued a $116.00 price target on shares of Canadian National Railway in a report on Wednesday, October 23rd. Royal Bank of Canada restated an “outperform” rating and set a $174.00 price objective on shares of Canadian National Railway in a report on Friday, January 10th. Finally, Benchmark reaffirmed a “hold” rating on shares of Canadian National Railway in a research report on Thursday, October 24th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating, six have issued a buy rating and four have given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $125.77.

Canadian National Railway Stock Down 0.1 %

Shares of CNI stock opened at $100.17 on Monday. The stock’s 50 day simple moving average is $106.08 and its 200 day simple moving average is $112.17. Canadian National Railway has a twelve month low of $98.96 and a twelve month high of $134.02. The company has a debt-to-equity ratio of 0.96, a quick ratio of 0.49 and a current ratio of 0.64. The company has a market capitalization of $62.99 billion, a price-to-earnings ratio of 16.05, a PEG ratio of 2.43 and a beta of 0.91.

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

Institutional Trading of Canadian National Railway

A number of large investors have recently bought and sold shares of the stock. American Century Companies Inc. boosted its stake in shares of Canadian National Railway by 22.2% in the 2nd quarter. American Century Companies Inc. now owns 127,342 shares of the transportation company’s stock valued at $15,048,000 after purchasing an additional 23,150 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in Canadian National Railway by 4.6% during the second quarter. Dimensional Fund Advisors LP now owns 1,102,997 shares of the transportation company’s stock worth $130,297,000 after buying an additional 48,984 shares during the last quarter. Renaissance Technologies LLC acquired a new stake in shares of Canadian National Railway during the second quarter worth approximately $1,725,000. Vanguard Personalized Indexing Management LLC raised its stake in shares of Canadian National Railway by 5.1% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 14,665 shares of the transportation company’s stock valued at $1,714,000 after acquiring an additional 709 shares during the last quarter. Finally, Seven Eight Capital LP acquired a new position in shares of Canadian National Railway in the 2nd quarter worth approximately $1,873,000. 80.74% of the stock is currently 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.