Canadian National Railway's (CNI) Equal Weight Rating Reiterated at Stephens

Canadian National Railway (NYSE:CNI - Get Free Report) TSE: CNR's stock had its "equal weight" rating restated by research analysts at Stephens in a research report issued on Wednesday, Benzinga reports. They presently have a $140.00 price objective on the transportation company's stock. Stephens' price objective indicates a potential upside of 14.01% from the company's current price.

A number of other equities analysts also recently issued reports on CNI. CIBC downgraded shares of Canadian National Railway from a "sector outperform" rating to a "neutral" rating in a research note on Wednesday, January 10th. Jefferies Financial Group assumed coverage on shares of Canadian National Railway in a research note on Monday, April 8th. They set a "hold" rating and a $130.00 price objective on the stock. Bank of America upgraded shares of Canadian National Railway from a "neutral" rating to a "buy" rating and increased their price objective for the company from $140.00 to $145.00 in a research note on Wednesday, April 10th. Susquehanna increased their price objective on shares of Canadian National Railway from $140.00 to $142.00 and gave the company a "neutral" rating in a research note on Wednesday. Finally, Citigroup increased their price objective on shares of Canadian National Railway from $121.00 to $128.00 and gave the company a "neutral" rating in a research note on Wednesday, January 24th. Eighteen equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $147.86.

Canadian National Railway Trading Down 5.1 %

Shares of NYSE:CNI traded down $6.60 during trading on Wednesday, reaching $122.80. 2,433,798 shares of the company were exchanged, compared to its average volume of 1,019,281. The firm has a market capitalization of $78.43 billion, a PE ratio of 19.34, a P/E/G ratio of 2.25 and a beta of 0.88. The business's fifty day simple moving average is $129.80 and its 200-day simple moving average is $122.20. Canadian National Railway has a 12-month low of $103.96 and a 12-month high of $134.02. The company has a debt-to-equity ratio of 0.80, a current ratio of 0.61 and a quick ratio of 0.47.

Canadian National Railway (NYSE:CNI - Get Free Report) TSE: CNR last issued its earnings results on Tuesday, January 23rd. The transportation company reported $1.48 EPS for the quarter, topping analysts' consensus estimates of $1.46 by $0.02. The business had revenue of $3.28 billion for the quarter, compared to analyst estimates of $3.25 billion. Canadian National Railway had a net margin of 33.38% and a return on equity of 23.56%. On average, research analysts anticipate that Canadian National Railway will post 5.94 EPS for the current year.

Institutional Investors Weigh In On Canadian National Railway

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Vanguard Group Inc. lifted its stake in shares of Canadian National Railway by 1.8% during the fourth quarter. Vanguard Group Inc. now owns 22,395,401 shares of the transportation company's stock worth $2,813,534,000 after buying an additional 387,975 shares during the period. Wellington Management Group LLP lifted its stake in shares of Canadian National Railway by 9.6% during the fourth quarter. Wellington Management Group LLP now owns 21,868,740 shares of the transportation company's stock worth $2,761,473,000 after buying an additional 1,907,938 shares during the period. FIL Ltd lifted its stake in shares of Canadian National Railway by 7.2% during the fourth quarter. FIL Ltd now owns 19,189,809 shares of the transportation company's stock worth $2,412,032,000 after buying an additional 1,280,726 shares during the period. Caisse DE Depot ET Placement DU Quebec raised its holdings in shares of Canadian National Railway by 5.0% during the third quarter. Caisse DE Depot ET Placement DU Quebec now owns 13,067,300 shares of the transportation company's stock worth $1,421,649,000 after purchasing an additional 625,500 shares during the last quarter. Finally, TD Asset Management Inc raised its holdings in shares of Canadian National Railway by 2.8% during the fourth quarter. TD Asset Management Inc now owns 11,651,919 shares of the transportation company's stock worth $1,471,733,000 after purchasing an additional 314,600 shares during 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.