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

Shares of Canadian National Railway (NYSE:CNI - Get Free Report) TSE: CNR have earned an average recommendation of "Moderate Buy" from the twenty research firms that are presently covering the stock, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating, nine have issued a buy rating and three have given a strong buy rating to the company. The average 12-month price target among brokers that have covered the stock in the last year is $119.52.

Several brokerages recently commented on CNI. Wall Street Zen lowered Canadian National Railway from a "hold" rating to a "sell" rating in a research report on Thursday, May 22nd. Bank of America increased their price objective 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. Evercore ISI decreased their target price on Canadian National Railway from $119.00 to $114.00 and set an "outperform" rating for the company in a research report on Friday, May 2nd. Stifel Nicolaus cut their price target on Canadian National Railway from $125.00 to $115.00 and set a "buy" rating on the stock in a report on Monday, April 14th. Finally, Loop Capital cut Canadian National Railway from a "hold" rating to a "sell" rating in a research note on Monday, February 3rd.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of CNI. Polar Asset Management Partners Inc. lifted its position in Canadian National Railway by 233.3% during the fourth quarter. Polar Asset Management Partners Inc. now owns 25,000 shares of the transportation company's stock valued at $2,537,000 after purchasing an additional 17,500 shares during the period. Cypress Asset Management Inc. TX purchased a new stake in shares of Canadian National Railway in the fourth quarter worth about $875,000. CIBC Asset Management Inc grew its holdings in Canadian National Railway by 12.6% during the fourth quarter. CIBC Asset Management Inc now owns 5,119,674 shares of the transportation company's stock worth $519,843,000 after acquiring an additional 571,967 shares during the period. Blue Trust Inc. raised its position in Canadian National Railway by 26.5% during the fourth quarter. Blue Trust Inc. now owns 1,646 shares of the transportation company's stock valued at $167,000 after acquiring an additional 345 shares in the last quarter. Finally, Focus Partners Wealth raised its position in Canadian National Railway by 6.7% during the fourth quarter. Focus Partners Wealth now owns 10,368 shares of the transportation company's stock valued at $1,078,000 after acquiring an additional 655 shares in the last quarter. Institutional investors own 80.74% of the company's stock.

Canadian National Railway Price Performance

Shares of CNI traded up $0.08 during trading hours on Wednesday, hitting $104.95. 1,134,035 shares of the company were exchanged, compared to its average volume of 1,319,497. 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 has a fifty-two week low of $91.65 and a fifty-two week high of $127.89. The company has a market cap of $65.96 billion, a price-to-earnings ratio of 20.50, a P/E/G ratio of 1.95 and a beta of 0.97. The firm's fifty day moving average is $100.17 and its 200 day moving average is $102.34.

Canadian National Railway (NYSE:CNI - Get Free Report) TSE: CNR last posted its earnings results on Thursday, May 1st. The transportation company reported $1.29 EPS for the quarter, topping 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 firm had revenue of $3.06 billion during the quarter, compared to analysts' expectations of $4.38 billion. During the same quarter in the prior year, the business earned $1.72 earnings per share. The business's revenue for the quarter was up 3.6% compared to the same quarter last year. On average, equities analysts anticipate that Canadian National Railway will post 5.52 earnings per share for the current fiscal year.

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.