Canadian National Railway (NYSE:CNI) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Canadian National Railway (NYSE:CNI) (TSE:CNR) from a sell rating to a hold rating in a research note released on Saturday.

Several other equities research analysts have also recently commented on the company. Wells Fargo & Company cut their price target on Canadian National Railway from $117.00 to $110.00 and set an “overweight” rating for the company in a research note on Monday, October 6th. JPMorgan Chase & Co. restated a “neutral” rating on shares of Canadian National Railway in a research note on Wednesday, July 23rd. Evercore ISI cut Canadian National Railway from an “outperform” rating to an “in-line” rating and set a $105.00 price target for the company. in a research note on Wednesday, July 23rd. Argus upgraded Canadian National Railway to a “hold” rating in a research note on Friday, June 27th. Finally, Royal Bank Of Canada cut their price target on Canadian National Railway from $161.00 to $157.00 and set an “outperform” rating for the company in a research note on Wednesday, July 23rd. Two analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating, nine have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $113.90.

Canadian National Railway Stock Down 0.3%

Canadian National Railway stock opened at $95.35 on Friday. Canadian National Railway has a twelve month low of $91.07 and a twelve month high of $114.90. The stock has a 50 day moving average of $94.83 and a two-hundred day moving average of $98.84. The company has a current ratio of 0.82, a quick ratio of 0.58 and a debt-to-equity ratio of 0.90. The stock has a market capitalization of $59.00 billion, a price-to-earnings ratio of 18.34, a PEG ratio of 2.17 and a beta of 0.96.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last released its quarterly earnings results on Tuesday, July 22nd. The transportation company reported $1.35 EPS for the quarter, missing the consensus estimate of $1.37 by ($0.02). Canadian National Railway had a return on equity of 21.71% and a net margin of 26.63%.The company had revenue of $3.14 billion for the quarter, compared to analysts’ expectations of $4.34 billion. During the same quarter last year, the company earned $1.84 EPS. Canadian National Railway’s revenue for the quarter was down 1.3% compared to the same quarter last year. As a group, research analysts expect that Canadian National Railway will post 5.52 earnings per share for the current year.

Institutional Trading of Canadian National Railway

Several hedge funds have recently modified their holdings of the business. Monarch Capital Management Inc. lifted its holdings in shares of Canadian National Railway by 32.9% in the 3rd quarter. Monarch Capital Management Inc. now owns 4,702 shares of the transportation company’s stock valued at $443,000 after buying an additional 1,165 shares during the period. Diversified Trust Co increased its stake in Canadian National Railway by 80.7% in the 3rd quarter. Diversified Trust Co now owns 3,504 shares of the transportation company’s stock valued at $330,000 after purchasing an additional 1,565 shares in the last quarter. Ethic Inc. increased its stake in Canadian National Railway by 204.2% in the 3rd quarter. Ethic Inc. now owns 6,377 shares of the transportation company’s stock valued at $601,000 after purchasing an additional 4,281 shares in the last quarter. Weatherly Asset Management L. P. increased its stake in Canadian National Railway by 4.9% in the 3rd quarter. Weatherly Asset Management L. P. now owns 3,215 shares of the transportation company’s stock valued at $303,000 after purchasing an additional 150 shares in the last quarter. Finally, CWM LLC increased its stake in Canadian National Railway by 45.6% in the 3rd quarter. CWM LLC now owns 19,446 shares of the transportation company’s stock valued at $1,834,000 after purchasing an additional 6,093 shares in the last quarter. 80.74% of the stock is owned by institutional investors and hedge funds.

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.