Canadian National Railway’s (CNI) Hold Rating Reiterated at Argus

Canadian National Railway (NYSE:CNI) (TSE:CNR)‘s stock had its “hold” rating reiterated by equities researchers at Argus in a research note issued on Monday,Benzinga reports.

CNI has been the subject of a number of other research reports. Stephens raised Canadian National Railway to a “hold” rating in a research note on Wednesday, July 8th. Susquehanna restated a “neutral” rating and issued a $140.00 price objective (up from $138.00) on shares of Canadian National Railway in a report on Tuesday, July 14th. Wells Fargo & Company raised their target price on shares of Canadian National Railway from $135.00 to $145.00 and gave the stock an “overweight” rating in a research report on Monday, July 27th. Royal Bank Of Canada lifted their target price on shares of Canadian National Railway from $195.00 to $205.00 and gave the company an “outperform” rating in a research note on Monday, July 27th. Finally, Bank of America increased their price target on shares of Canadian National Railway from $132.00 to $134.00 and gave the stock a “buy” rating in a research note on Tuesday, June 23rd. Nine equities research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $137.40.

Canadian National Railway Price Performance

Shares of Canadian National Railway stock opened at $125.89 on Monday. The company has a current ratio of 0.87, a quick ratio of 0.61 and a debt-to-equity ratio of 0.99. The firm has a market capitalization of $76.18 billion, a PE ratio of 22.32, a price-to-earnings-growth ratio of 2.35 and a beta of 0.95. The business’s 50-day moving average price is $125.18 and its 200-day moving average price is $115.68. Canadian National Railway has a 12 month low of $90.74 and a 12 month high of $131.55.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last released its earnings results on Friday, July 24th. The transportation company reported $1.50 earnings per share for the quarter, topping analysts’ consensus estimates of $1.39 by $0.11. The company had revenue of $3.35 billion during the quarter, compared to the consensus estimate of $3.26 billion. Canadian National Railway had a return on equity of 22.22% and a net margin of 26.92%.Canadian National Railway’s quarterly revenue was up 11.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.87 EPS. Sell-side analysts forecast that Canadian National Railway will post 5.81 EPS for the current fiscal year.

Institutional Investors Weigh In On Canadian National Railway

Several large investors have recently bought and sold shares of CNI. Smartleaf Asset Management LLC raised its position in Canadian National Railway by 19.4% during the 4th quarter. Smartleaf Asset Management LLC now owns 635 shares of the transportation company’s stock valued at $63,000 after purchasing an additional 103 shares in the last quarter. Minot DeBlois Advisors LLC raised its stake in shares of Canadian National Railway by 2.0% during the 4th quarter. Minot DeBlois Advisors LLC now owns 5,132 shares of the transportation company’s stock worth $507,000 after acquiring an additional 103 shares in the last quarter. Tacita Capital Inc grew its holdings in Canadian National Railway by 0.6% in the fourth quarter. Tacita Capital Inc now owns 19,809 shares of the transportation company’s stock worth $1,960,000 after purchasing an additional 109 shares during the last quarter. Roberts Glore & Co. Inc. IL boosted its position in shares of Canadian National Railway by 1.5% in the 4th quarter. Roberts Glore & Co. Inc. IL now owns 7,233 shares of the transportation company’s stock worth $715,000 after purchasing an additional 110 shares in the last quarter. Finally, Grove Bank & Trust boosted its holdings in Canadian National Railway by 20.4% in the second quarter. Grove Bank & Trust now owns 673 shares of the transportation company’s stock valued at $80,000 after purchasing an additional 114 shares during the last quarter. 80.74% of the stock is currently owned by institutional investors.

Canadian National Railway Company Profile

Canadian National Railway Company (NYSE: CNI) is a Class I freight railway that operates an integrated rail network across Canada and the United States. Headquartered in Montreal, Quebec, CN provides long-haul freight transportation and related logistics services that connect major ports, industrial centers and inland markets throughout North America. Its transcontinental system enables cross-border movement of goods and supports supply chains that span coast-to-coast in Canada and into the central and eastern United States.

CN’s core business is the railborne transportation of a broad mix of commodities, including intermodal container traffic, forest and paper products, grain and other agricultural products, metallurgical and industrial products, petroleum and chemical products, coal and automotive shipments.