Canadian National Railway (NYSE:CNI) Stock Rating Upgraded by Wall Street Zen

Wall Street Zen upgraded shares of Canadian National Railway (NYSE:CNI - Free Report) TSE: CNR from a sell rating to a hold rating in a research report report published on Friday morning.

A number of other research analysts have also weighed in on the stock. Citigroup cut their target price on shares of Canadian National Railway from $122.00 to $114.00 and set a "buy" rating for the company in a research report on Tuesday, April 8th. Raymond James lowered shares of Canadian National Railway from a "moderate buy" rating to a "hold" rating in a research report on Tuesday, April 22nd. Royal Bank of Canada decreased their price target on shares of Canadian National Railway from $165.00 to $163.00 and set an "outperform" rating on the stock in a research report on Friday, May 2nd. Bank of America raised their price target on shares of Canadian National Railway from $105.00 to $115.00 and gave the stock a "neutral" rating in a research report on Friday, May 16th. Finally, Stifel Nicolaus decreased their price target on shares of 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. Two research analysts have rated the stock with a sell rating, seven have given a hold rating, nine have given a buy rating and three have issued a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $119.52.

Canadian National Railway Stock Performance

Canadian National Railway stock traded up $0.01 on Friday, reaching $104.99. 1,187,327 shares of the stock were exchanged, compared to its average volume of 1,321,832. The stock has a market cap of $65.99 billion, a PE ratio of 20.51, a PEG ratio of 1.95 and a beta of 0.97. The company has a current ratio of 0.66, a quick ratio of 0.48 and a debt-to-equity ratio of 0.94. Canadian National Railway has a twelve month low of $91.65 and a twelve month high of $127.89. The firm has a fifty day moving average price of $100.43 and a two-hundred day moving average price of $102.25.

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

Hedge Funds Weigh In On Canadian National Railway

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Shell Asset Management Co. boosted its position in Canadian National Railway by 0.5% in the fourth quarter. Shell Asset Management Co. now owns 21,387 shares of the transportation company's stock valued at $2,171,000 after buying an additional 100 shares in the last quarter. Bruce G. Allen Investments LLC boosted its position in Canadian National Railway by 44.2% in the first quarter. Bruce G. Allen Investments LLC now owns 346 shares of the transportation company's stock valued at $34,000 after buying an additional 106 shares in the last quarter. Heartland Advisors Inc. boosted its position in Canadian National Railway by 0.9% in the first quarter. Heartland Advisors Inc. now owns 12,293 shares of the transportation company's stock valued at $1,198,000 after buying an additional 108 shares in the last quarter. Voya Investment Management LLC boosted its position in Canadian National Railway by 1.4% in the fourth quarter. Voya Investment Management LLC now owns 7,953 shares of the transportation company's stock valued at $807,000 after buying an additional 112 shares in the last quarter. Finally, Gradient Investments LLC boosted its position in Canadian National Railway by 2.1% in the first quarter. Gradient Investments LLC now owns 5,409 shares of the transportation company's stock valued at $527,000 after buying an additional 112 shares in the last quarter. 80.74% of the stock is currently owned by institutional investors and hedge funds.

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.