Canadian National Railway (NYSE:CNI) Stock Rating Lowered by Wall Street Zen

Canadian National Railway (NYSE:CNI) (TSE:CNR) was downgraded by stock analysts at Wall Street Zen from a “hold” rating to a “sell” rating in a note issued to investors on Thursday.

A number of other brokerages have also recently commented on CNI. Loop Capital cut shares of Canadian National Railway from a “hold” rating to a “sell” rating in a research report on Monday, February 3rd. Susquehanna upgraded Canadian National Railway from a “neutral” rating to a “positive” rating and set a $120.00 target price on the stock in a research report on Tuesday, May 6th. Evercore ISI lowered their target price on Canadian National Railway from $119.00 to $114.00 and set an “outperform” rating for the company in a report on Friday, May 2nd. Jefferies Financial Group dropped their price target on Canadian National Railway from $120.00 to $110.00 and set a “buy” rating on the stock in a research note on Wednesday, April 9th. Finally, Citigroup reduced their price objective on shares of Canadian National Railway from $122.00 to $114.00 and set a “buy” rating for the company in a research report on Tuesday, April 8th. Three equities research analysts have rated the stock with a sell rating, six have given a hold rating, nine have given a buy rating and three have assigned a strong buy rating to the company. Based on data from MarketBeat, Canadian National Railway presently has an average rating of “Moderate Buy” and a consensus target price of $119.52.

Canadian National Railway Trading Down 1.1%

Shares of CNI stock opened at $105.08 on Thursday. Canadian National Railway has a 1-year low of $91.65 and a 1-year high of $127.89. The company has a current ratio of 0.66, a quick ratio of 0.48 and a debt-to-equity ratio of 0.94. The stock has a market cap of $66.04 billion, a price-to-earnings ratio of 20.52, a PEG ratio of 1.95 and a beta of 0.97. The stock has a 50-day moving average of $99.71 and a 200-day moving average of $102.49.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last released its earnings results on Thursday, May 1st. The transportation company reported $1.29 earnings per share for the quarter, beating analysts’ consensus estimates of $1.26 by $0.03. The business had revenue of $3.06 billion during the quarter, compared to the consensus estimate of $4.38 billion. Canadian National Railway had a net margin of 26.09% and a return on equity of 22.48%. The company’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 firm posted $1.72 EPS. On average, equities research analysts forecast that Canadian National Railway will post 5.52 earnings per share for the current year.

Institutional Trading of Canadian National Railway

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Sustainable Insight Capital Management LLC bought a new stake in Canadian National Railway during the fourth quarter worth $436,000. CIBC Asset Management Inc lifted its stake in Canadian National Railway by 12.6% during the 4th quarter. CIBC Asset Management Inc now owns 5,119,674 shares of the transportation company’s stock valued at $519,843,000 after acquiring an additional 571,967 shares in the last quarter. Blue Trust Inc. boosted its holdings in Canadian National Railway by 26.5% during the 4th quarter. Blue Trust Inc. now owns 1,646 shares of the transportation company’s stock worth $167,000 after acquiring an additional 345 shares during the last quarter. Vantage Wealth grew its stake in shares of Canadian National Railway by 17.8% in the 4th quarter. Vantage Wealth now owns 159,812 shares of the transportation company’s stock worth $16,223,000 after acquiring an additional 24,176 shares in the last quarter. Finally, Rothschild & Co Wealth Management UK Ltd bought a new stake in shares of Canadian National Railway in the 4th quarter worth $5,662,000. 80.74% of the stock is owned by institutional investors.

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.