Analysts at Goldman Sachs Group, Inc. (The) began coverage on shares of Canadian National Railway Company (NYSE:CNI) in a report issued on Monday. The firm set a “buy” rating on the stock.

A number of other equities research analysts also recently issued reports on the stock. Desjardins raised shares of Canadian National Railway from a “hold” rating to a “buy” rating in a research note on Wednesday, October 25th. Zacks Investment Research downgraded shares of Canadian National Railway from a “hold” rating to a “sell” rating in a research note on Friday, October 27th. Raymond James Financial, Inc. downgraded shares of Canadian National Railway from an “outperform” rating to a “market perform” rating in a research note on Wednesday, October 25th. Cowen and Company reaffirmed a “buy” rating and set a $83.00 price target on shares of Canadian National Railway in a research note on Sunday, September 24th. Finally, BidaskClub downgraded shares of Canadian National Railway from a “hold” rating to a “sell” rating in a research note on Tuesday, August 1st. One analyst has rated the stock with a sell rating, ten have given a hold rating and seven have given a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of C$79.00.

Shares of Canadian National Railway (NYSE CNI) opened at C$81.00 on Monday. The stock has a market cap of $60,434.10, a price-to-earnings ratio of 20.98, a P/E/G ratio of 2.18 and a beta of 1.11. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.49 and a current ratio of 0.61. Canadian National Railway has a 12 month low of C$62.97 and a 12 month high of C$84.48.

Canadian National Railway declared that its board has approved a share buyback program on Tuesday, October 24th that authorizes the company to repurchase 31,000,000 outstanding shares. This repurchase authorization authorizes the company to purchase shares of its stock through open market purchases. Stock repurchase programs are usually an indication that the company’s management believes its stock is undervalued.

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Hedge funds and other institutional investors have recently bought and sold shares of the company. OMERS ADMINISTRATION Corp bought a new position in shares of Canadian National Railway in the second quarter worth about $2,293,000. Eaton Vance Management grew its holdings in shares of Canadian National Railway by 5,323.4% in the second quarter. Eaton Vance Management now owns 203,757 shares of the company’s stock worth $16,515,000 after purchasing an additional 200,000 shares during the last quarter. Northwestern Mutual Wealth Management Co. grew its holdings in shares of Canadian National Railway by 5.1% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 122,795 shares of the company’s stock worth $9,952,000 after purchasing an additional 5,955 shares during the last quarter. Fiduciary Trust Co. grew its holdings in shares of Canadian National Railway by 16.9% in the second quarter. Fiduciary Trust Co. now owns 25,620 shares of the company’s stock worth $2,077,000 after purchasing an additional 3,700 shares during the last quarter. Finally, Broderick Brian C grew its holdings in shares of Canadian National Railway by 0.8% in the second quarter. Broderick Brian C now owns 112,066 shares of the company’s stock worth $9,082,000 after purchasing an additional 868 shares during the last quarter. Hedge funds and other institutional investors own 54.42% of the company’s stock.

Canadian National Railway Company Profile

Canadian National Railway Company is engaged in the rail and related transportation business. The Company’s network of approximately 20,000 route miles of track spans Canada and mid-America, connecting approximately three coasts, including the Atlantic, the Pacific and the Gulf of Mexico and serving the cities and ports of Vancouver, Prince Rupert (British Columbia), Montreal, Halifax, New Orleans, and Mobile (Alabama), and the metropolitan areas of Toronto, Edmonton, Winnipeg, Calgary, Chicago, Memphis, Detroit, Duluth (Minnesota)/Superior (Wisconsin), and Jackson (Mississippi), with connections to all points in North America.

Analyst Recommendations for Canadian National Railway (NYSE:CNI)

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