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

Key Points

• Canadian National Railway was upgraded by Wall Street Zen from a "sell" rating to a "hold" rating, reflecting a shift in analysts' outlook on its stock performance.
• Other firms, including Raymond James and Wells Fargo, have issued divergent ratings and adjusted price targets for the company, with the consensus price target now at $113.90.
• Institutional investors hold a significant majority of the stock, owning 80.74% of Canadian National Railway's shares, indicating strong market confidence.

Canadian National Railway (NYSE:CNI - Get Free Report) TSE: CNR was upgraded by stock analysts at Wall Street Zen from a "sell" rating to a "hold" rating in a report released on Saturday.

Other research analysts have also issued research reports about the company. Raymond James Financial upgraded Canadian National Railway from a "market perform" rating to an "outperform" rating in a research report on Thursday, July 17th. Wells Fargo & Company reduced their price target on Canadian National Railway from $117.00 to $110.00 and set an "overweight" rating for the company in a research report on Monday, October 6th. Citigroup reduced their price target on Canadian National Railway from $121.00 to $119.00 and set a "buy" rating for the company in a research report on Monday, October 13th. National Bank Financial lowered Canadian National Railway from an "outperform" rating to a "sector perform" rating in a research report on Wednesday, July 23rd. Finally, Evercore ISI lowered Canadian National Railway from an "outperform" rating to an "in-line" rating and set a $105.00 price target for the company. in a research report on Wednesday, July 23rd. Two research analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating, nine have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $113.90.

Canadian National Railway Price Performance

Shares of CNI opened at $95.69 on Friday. The company has a market cap of $59.21 billion, a P/E ratio of 18.40, a PEG ratio of 2.15 and a beta of 0.96. The stock has a fifty day moving average price of $94.79 and a 200 day moving average price of $98.85. 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 12 month low of $91.07 and a 12 month high of $114.99.

Canadian National Railway (NYSE:CNI - Get Free Report) TSE: CNR last issued its quarterly earnings data on Tuesday, July 22nd. The transportation company reported $1.35 EPS for the quarter, missing analysts' consensus estimates of $1.37 by ($0.02). The company had revenue of $3.14 billion for 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%.Canadian National Railway's quarterly revenue was down 1.3% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.84 earnings per share. On average, research analysts forecast that Canadian National Railway will post 5.52 earnings per share for the current year.

Institutional Trading of Canadian National Railway

Several institutional investors have recently modified their holdings of the company. Ethic Inc. lifted its holdings in shares of Canadian National Railway by 204.2% in the third quarter. Ethic Inc. now owns 6,377 shares of the transportation company's stock valued at $601,000 after buying an additional 4,281 shares during the period. Weatherly Asset Management L. P. lifted its holdings in shares of Canadian National Railway by 4.9% during the third quarter. Weatherly Asset Management L. P. now owns 3,215 shares of the transportation company's stock valued at $303,000 after purchasing an additional 150 shares during the last quarter. CWM LLC lifted its holdings in shares of Canadian National Railway by 45.6% during the third quarter. CWM LLC now owns 19,446 shares of the transportation company's stock valued at $1,834,000 after purchasing an additional 6,093 shares during the last quarter. Canoe Financial LP lifted its holdings in shares of Canadian National Railway by 6.0% during the third quarter. Canoe Financial LP now owns 2,768,282 shares of the transportation company's stock valued at $261,007,000 after purchasing an additional 156,027 shares during the last quarter. Finally, Inspire Investing LLC lifted its holdings in shares of Canadian National Railway by 15.2% during the third quarter. Inspire Investing LLC now owns 23,748 shares of the transportation company's stock valued at $2,240,000 after purchasing an additional 3,135 shares during the last quarter. Institutional investors and hedge funds 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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