Canadian National Railway (NYSE:CNI) Given Average Rating of "Moderate Buy" by Brokerages

Canadian National Railway (NYSE:CNI - Get Free Report) TSE: CNR has been assigned a consensus recommendation of "Moderate Buy" from the twenty brokerages that are presently covering the company, Marketbeat reports. Two research analysts have rated the stock with a sell recommendation, six have given a hold recommendation, nine have assigned a buy recommendation and three have assigned a strong buy recommendation to the company. The average 1-year price objective among brokerages that have issued ratings on the stock in the last year is $119.27.

A number of research firms have weighed in on CNI. JPMorgan Chase & Co. raised Canadian National Railway from a "neutral" rating to an "overweight" rating in a research report on Tuesday, January 7th. TD Securities upgraded shares of Canadian National Railway from a "hold" rating to a "strong-buy" rating in a report on Monday, January 13th. Susquehanna upgraded shares of Canadian National Railway from a "neutral" rating to a "positive" rating and set a $120.00 price target on the stock in a research note on Tuesday. Bank of America reduced their price objective on shares of Canadian National Railway from $119.00 to $112.00 and set a "neutral" rating for the company in a research note on Wednesday, January 8th. Finally, Stifel Nicolaus lowered their target price on Canadian National Railway from $125.00 to $115.00 and set a "buy" rating on the stock in a research report on Monday, April 14th.

Hedge Funds Weigh In On Canadian National Railway

Several institutional investors and hedge funds have recently modified their holdings of CNI. Quintet Private Bank Europe S.A. bought a new stake in shares of Canadian National Railway during the fourth quarter worth approximately $25,000. Arlington Trust Co LLC bought a new stake in Canadian National Railway in the 4th quarter valued at $30,000. Lee Danner & Bass Inc. acquired a new position in Canadian National Railway in the 4th quarter valued at $30,000. Addison Advisors LLC lifted its holdings in shares of Canadian National Railway by 80.2% during the fourth quarter. Addison Advisors LLC now owns 319 shares of the transportation company's stock worth $32,000 after buying an additional 142 shares in the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. boosted its position in shares of Canadian National Railway by 48.2% in the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 332 shares of the transportation company's stock valued at $34,000 after acquiring an additional 108 shares during the period. 80.74% of the stock is currently owned by institutional investors and hedge funds.

Canadian National Railway Stock Down 0.2 %

Shares of NYSE:CNI traded down $0.19 during midday trading on Friday, reaching $98.50. 913,275 shares of the company were exchanged, compared to its average volume of 1,294,932. The firm has a market cap of $61.90 billion, a PE ratio of 19.24, a P/E/G ratio of 1.95 and a beta of 0.97. Canadian National Railway has a fifty-two week low of $91.65 and a fifty-two week high of $129.18. The stock has a fifty day simple moving average of $98.01 and a two-hundred day simple moving average of $102.92. The company has a quick ratio of 0.48, a current ratio of 0.66 and a debt-to-equity ratio of 0.94.

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

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.