Canadian National Railway Company (NYSE:CNI) Receives Average Recommendation of "Hold" from Analysts

Key Points

• Seventeen analysts have provided an average recommendation of "Hold" for Canadian National Railway (NYSE:CNI), with one sell, eight hold, seven buy, and one strong buy rating.
• The company's stock price target has been adjusted by various institutions, with Citigroup lowering it from $121.00 to $119.00 while maintaining a "buy" rating.
• Canadian National Railway reported a miss in quarterly earnings, with an EPS of $1.35 compared to a consensus estimate of $1.37, along with a revenue of $3.14 billion below expectations.

Canadian National Railway Company (NYSE:CNI - Get Free Report) TSE: CNR has received an average recommendation of "Hold" from the seventeen analysts that are presently covering the firm, Marketbeat.com reports. One analyst has rated the stock with a sell rating, eight have assigned a hold rating, seven have assigned a buy rating and one has issued a strong buy rating on the company. The average 1-year price objective among brokers that have updated their coverage on the stock in the last year is $113.90.

CNI has been the topic of several recent analyst reports. Citigroup dropped their price target on Canadian National Railway from $121.00 to $119.00 and set a "buy" rating on the stock in a research report on Monday, October 13th. Barclays dropped their price target on Canadian National Railway from $99.00 to $97.00 and set an "equal weight" rating on the stock in a research report on Thursday, October 2nd. Wall Street Zen upgraded shares of Canadian National Railway from a "sell" rating to a "hold" rating in a report on Saturday, October 18th. Evercore ISI downgraded shares of Canadian National Railway from an "outperform" rating to an "in-line" rating and set a $105.00 price objective on the stock. in a report on Wednesday, July 23rd. Finally, National Bank Financial downgraded shares of Canadian National Railway from an "outperform" rating to a "sector perform" rating in a report on Wednesday, July 23rd.

Canadian National Railway Stock Down 0.7%

CNI stock opened at $95.30 on Friday. The company has a debt-to-equity ratio of 0.90, a current ratio of 0.82 and a quick ratio of 0.58. Canadian National Railway has a 52-week low of $91.07 and a 52-week high of $114.13. The company has a 50-day moving average of $95.00 and a two-hundred day moving average of $98.82. The stock has a market capitalization of $58.96 billion, a price-to-earnings ratio of 18.33, a price-to-earnings-growth ratio of 2.18 and a beta of 0.96.

Canadian National Railway (NYSE:CNI - Get Free Report) TSE: CNR last issued 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). The business had revenue of $3.14 billion during the quarter, compared to the consensus estimate of $4.34 billion. Canadian National Railway had a return on equity of 21.71% and a net margin of 26.63%.The business's quarterly revenue was down 1.3% on a year-over-year basis. During the same period in the prior year, the firm earned $1.84 earnings per share. As a group, equities research analysts anticipate that Canadian National Railway will post 5.52 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in CNI. Norges Bank bought a new position in shares of Canadian National Railway during the 2nd quarter worth about $591,904,000. Kingstone Capital Partners Texas LLC bought a new position in shares of Canadian National Railway during the 2nd quarter worth about $310,489,000. Fisher Asset Management LLC bought a new position in shares of Canadian National Railway during the 2nd quarter worth about $189,748,000. The Manufacturers Life Insurance Company lifted its holdings in shares of Canadian National Railway by 37.3% during the 1st quarter. The Manufacturers Life Insurance Company now owns 5,296,701 shares of the transportation company's stock worth $518,260,000 after acquiring an additional 1,439,617 shares during the period. Finally, The Manufacturers Life Insurance Company lifted its holdings in shares of Canadian National Railway by 26.6% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 6,705,679 shares of the transportation company's stock worth $695,048,000 after acquiring an additional 1,408,978 shares during the period. Institutional investors own 80.74% of the company's stock.

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.

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