Canadian National Railway (NYSE:CNI) (TSE:CNR) was downgraded by equities researchers at BMO Capital Markets from an “outperform” rating to a “market perform” rating in a research note issued to investors on Wednesday, Marketbeat reports. The analysts noted that the move was a valuation call.

A number of other equities analysts have also commented on the stock. Zacks Investment Research upgraded shares of Canadian National Railway from a “hold” rating to a “buy” rating and set a $99.00 price objective on the stock in a report on Tuesday, August 7th. ValuEngine lowered shares of Canadian National Railway from a “buy” rating to a “hold” rating in a research note on Thursday, August 2nd. Barclays cut their target price on shares of Canadian National Railway from $80.00 to $77.00 and set an “equal weight” rating on the stock in a research note on Wednesday, July 25th. Credit Suisse Group upped their target price on shares of Canadian National Railway from $85.00 to $89.00 and gave the company a “neutral” rating in a research note on Wednesday, July 25th. Finally, Citigroup upped their target price on shares of Canadian National Railway from $85.00 to $90.00 and gave the company a “neutral” rating in a research note on Wednesday, July 25th. Thirteen research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $89.80.

Shares of CNI stock opened at $86.80 on Wednesday. Canadian National Railway has a 12 month low of $70.59 and a 12 month high of $90.57. The company has a current ratio of 0.64, a quick ratio of 0.52 and a debt-to-equity ratio of 0.54. The firm has a market capitalization of $63.48 billion, a price-to-earnings ratio of 22.60, a PEG ratio of 2.23 and a beta of 1.05.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last issued its quarterly earnings data on Tuesday, July 24th. The transportation company reported $1.51 EPS for the quarter, topping analysts’ consensus estimates of $1.05 by $0.46. Canadian National Railway had a net margin of 42.08% and a return on equity of 22.90%. The firm had revenue of $3.63 billion for the quarter, compared to analyst estimates of $3.57 billion. During the same quarter in the previous year, the business posted $1.34 EPS. The firm’s revenue was up 9.1% compared to the same quarter last year. sell-side analysts forecast that Canadian National Railway will post 4.16 EPS for the current fiscal year.

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Cubist Systematic Strategies LLC acquired a new stake in Canadian National Railway during the first quarter worth about $117,000. Private Capital Group LLC raised its stake in Canadian National Railway by 913.9% during the first quarter. Private Capital Group LLC now owns 1,673 shares of the transportation company’s stock worth $122,000 after acquiring an additional 1,508 shares during the period. Avestar Capital LLC acquired a new stake in Canadian National Railway during the first quarter worth about $123,000. Assetmark Inc. raised its stake in Canadian National Railway by 73.7% during the first quarter. Assetmark Inc. now owns 1,947 shares of the transportation company’s stock worth $142,000 after acquiring an additional 826 shares during the period. Finally, Quad Cities Investment Group LLC acquired a new stake in Canadian National Railway during the second quarter worth about $165,000. Hedge funds and other institutional investors own 54.18% of the company’s stock.

Canadian National Railway Company Profile

Canadian National Railway Company engages in rail and related transportation business. The company transports cargo serving exporters, importers, retailers, farmers, and manufacturers. It operates a network of approximately 20,000 route miles of track spans Canada and mid-America connecting the Atlantic, the Pacific, and the Gulf of Mexico.

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Analyst Recommendations for Canadian National Railway (NYSE:CNI)

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