Canadian National Railway (NYSE:CNI) Receives Average Recommendation of “Moderate Buy” from Analysts

Canadian National Railway (NYSE:CNI) (TSE:CNR) has been assigned an average rating of “Moderate Buy” from the twenty ratings firms that are currently covering the firm, MarketBeat Ratings reports. Two investment analysts have rated the stock with a sell recommendation, six have given a hold recommendation, nine have assigned a buy recommendation and three have assigned a strong buy recommendation to the company. The average twelve-month price target among analysts that have updated their coverage on the stock in the last year is $119.27.

CNI has been the topic of a number of research analyst reports. Jefferies Financial Group cut their target price on Canadian National Railway from $120.00 to $110.00 and set a “buy” rating on the stock in a research report on Wednesday, April 9th. Stephens increased their target price on Canadian National Railway from $105.00 to $109.00 and gave the stock an “equal weight” rating in a research note on Friday, May 2nd. Royal Bank of Canada dropped their target price on Canadian National Railway from $165.00 to $163.00 and set an “outperform” rating for the company in a research report on Friday, May 2nd. Raymond James cut shares of Canadian National Railway from a “moderate buy” rating to a “hold” rating in a research report on Tuesday, April 22nd. Finally, Evercore ISI lowered their price objective on shares of Canadian National Railway from $119.00 to $114.00 and set an “outperform” rating for the company in a research note on Friday, May 2nd.

Hedge Funds Weigh In On Canadian National Railway

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. CenterBook Partners LP purchased a new stake in shares of Canadian National Railway during the 1st quarter worth approximately $422,000. Ontario Teachers Pension Plan Board lifted its position in Canadian National Railway by 25.1% in the first quarter. Ontario Teachers Pension Plan Board now owns 41,537 shares of the transportation company’s stock valued at $4,043,000 after acquiring an additional 8,334 shares during the last quarter. Deutsche Bank AG boosted its stake in Canadian National Railway by 8.0% in the first quarter. Deutsche Bank AG now owns 6,155,864 shares of the transportation company’s stock valued at $599,951,000 after acquiring an additional 454,439 shares in the last quarter. Chicago Partners Investment Group LLC purchased a new position in shares of Canadian National Railway during the first quarter worth about $218,000. Finally, Charles Schwab Investment Management Inc. increased its position in shares of Canadian National Railway by 3.1% during the first quarter. Charles Schwab Investment Management Inc. now owns 1,462,440 shares of the transportation company’s stock worth $142,297,000 after purchasing an additional 43,396 shares in the last quarter. 80.74% of the stock is owned by institutional investors and hedge funds.

Canadian National Railway Stock Performance

Shares of Canadian National Railway stock opened at $100.40 on Friday. The firm has a market cap of $63.10 billion, a PE ratio of 19.61, a price-to-earnings-growth ratio of 1.95 and a beta of 0.97. The company has a quick ratio of 0.48, a current ratio of 0.66 and a debt-to-equity ratio of 0.94. Canadian National Railway has a 52 week low of $91.65 and a 52 week high of $129.18. The business’s fifty day simple moving average is $98.07 and its 200-day simple moving average is $102.72.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last posted its earnings results on Thursday, May 1st. The transportation company reported $1.29 EPS for the quarter, beating analysts’ consensus estimates of $1.26 by $0.03. The company had revenue of $3.06 billion for the quarter, compared to analysts’ expectations of $4.38 billion. Canadian National Railway had a net margin of 26.09% and a return on equity of 22.48%. Canadian National Railway’s revenue for the quarter was up 3.6% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.72 earnings per share. Equities analysts forecast that Canadian National Railway will post 5.52 earnings per share for the current year.

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.