Canadian National Railway (NYSE:CNI) Cut to "Sell" at Wall Street Zen

Canadian National Railway (NYSE:CNI - Get Free Report) TSE: CNR was downgraded by investment analysts at Wall Street Zen from a "hold" rating to a "sell" rating in a research report issued to clients and investors on Thursday.

CNI has been the topic of a number of other research reports. Bank of America increased their target price on Canadian National Railway from $105.00 to $115.00 and gave the company a "neutral" rating in a research note on Friday, May 16th. Royal Bank of Canada decreased their price objective on Canadian National Railway from $165.00 to $163.00 and set an "outperform" rating on the stock in a report on Friday, May 2nd. Loop Capital cut shares of Canadian National Railway from a "hold" rating to a "sell" rating in a research report on Monday, February 3rd. Citigroup lowered their price objective on shares of Canadian National Railway from $122.00 to $114.00 and set a "buy" rating for the company in a report on Tuesday, April 8th. Finally, Stephens upped their price objective on shares of Canadian National Railway from $105.00 to $109.00 and gave the company an "equal weight" rating in a research note on Friday, May 2nd. Three analysts have rated the stock with a sell rating, six have given a hold rating, nine have issued a buy rating and three have issued a strong buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $119.52.

Canadian National Railway Price Performance

Shares of CNI traded down $0.25 during trading hours on Thursday, reaching $105.86. 154,970 shares of the company's stock traded hands, compared to its average volume of 1,433,816. Canadian National Railway has a 12 month low of $91.65 and a 12 month high of $128.19. The company has a current ratio of 0.66, a quick ratio of 0.48 and a debt-to-equity ratio of 0.94. The stock has a market cap of $66.53 billion, a PE ratio of 20.67, a price-to-earnings-growth ratio of 1.95 and a beta of 0.97. The firm's 50 day simple moving average is $99.40 and its 200-day simple moving average is $102.53.

Canadian National Railway (NYSE:CNI - Get Free Report) TSE: CNR last announced its earnings results on Thursday, May 1st. The transportation company reported $1.29 earnings per share for the quarter, beating analysts' consensus estimates of $1.26 by $0.03. Canadian National Railway had a net margin of 26.09% and a return on equity of 22.48%. The business had revenue of $3.06 billion for the quarter, compared to the consensus estimate of $4.38 billion. During the same period last year, the firm posted $1.72 earnings per share. Canadian National Railway's quarterly revenue was up 3.6% on a year-over-year basis. Equities analysts expect that Canadian National Railway will post 5.52 EPS for the current year.

Institutional Investors Weigh In On Canadian National Railway

Hedge funds have recently bought and sold shares of the business. Royal Bank of Canada increased its position in Canadian National Railway by 7.5% during the 4th quarter. Royal Bank of Canada now owns 27,757,038 shares of the transportation company's stock valued at $2,817,616,000 after buying an additional 1,934,622 shares in the last quarter. Vanguard Group Inc. grew its stake in shares of Canadian National Railway by 0.8% in the first quarter. Vanguard Group Inc. now owns 23,165,939 shares of the transportation company's stock worth $2,254,370,000 after acquiring an additional 179,261 shares during the last quarter. Capital International Investors grew its stake in shares of Canadian National Railway by 12.8% in the fourth quarter. Capital International Investors now owns 11,822,063 shares of the transportation company's stock worth $1,199,680,000 after acquiring an additional 1,341,133 shares during the last quarter. TD Asset Management Inc increased its holdings in shares of Canadian National Railway by 0.3% during the first quarter. TD Asset Management Inc now owns 11,798,566 shares of the transportation company's stock valued at $1,148,008,000 after acquiring an additional 30,066 shares in the last quarter. Finally, TD Asset Management Inc. raised its position in shares of Canadian National Railway by 2.7% in the 4th quarter. TD Asset Management Inc. now owns 11,768,500 shares of the transportation company's stock worth $1,194,443,000 after purchasing an additional 309,210 shares during the last quarter. Institutional investors own 80.74% of the company's stock.

About Canadian National Railway

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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