Canadian National Railway Company (NYSE:CNI) (TSE:CNR) was upgraded by analysts at BidaskClub from a “sell” rating to a “hold” rating in a research report issued on Wednesday.

Other analysts also recently issued reports about the company. Stifel Nicolaus boosted their price target on Canadian National Railway from $73.00 to $74.00 and gave the company a “hold” rating in a research note on Tuesday, April 25th. Barclays PLC restated an “equal weight” rating and issued a $81.00 price target (up from $69.00) on shares of Canadian National Railway in a research note on Wednesday, May 17th. Zacks Investment Research upgraded Canadian National Railway from a “hold” rating to a “buy” rating and set a $93.00 price target for the company in a research note on Tuesday, July 11th. Credit Suisse Group restated a “neutral” rating on shares of Canadian National Railway in a research note on Friday, July 28th. Finally, Cowen and Company boosted their price target on Canadian National Railway from $77.00 to $81.00 and gave the company an “outperform” rating in a research note on Tuesday, April 25th. Fourteen analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $80.56.

Shares of Canadian National Railway (NYSE CNI) traded up 0.32% during midday trading on Wednesday, reaching $80.37. The company’s stock had a trading volume of 1,497,173 shares. The company has a 50-day moving average price of $81.12 and a 200-day moving average price of $75.84. The firm has a market cap of $60.36 billion, a price-to-earnings ratio of 19.83 and a beta of 1.11. Canadian National Railway has a 12 month low of $61.11 and a 12 month high of $84.48.

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Several hedge funds have recently made changes to their positions in the company. Guggenheim Capital LLC increased its stake in shares of Canadian National Railway by 114.6% in the fourth quarter. Guggenheim Capital LLC now owns 12,809 shares of the transportation company’s stock valued at $863,000 after buying an additional 6,839 shares in the last quarter. Raymond James Trust N.A. acquired a new stake in shares of Canadian National Railway during the first quarter valued at $222,000. Creative Planning increased its stake in shares of Canadian National Railway by 14.3% in the first quarter. Creative Planning now owns 13,089 shares of the transportation company’s stock valued at $968,000 after buying an additional 1,636 shares in the last quarter. Carderock Capital Management Inc. increased its stake in shares of Canadian National Railway by 0.6% in the first quarter. Carderock Capital Management Inc. now owns 22,808 shares of the transportation company’s stock valued at $1,686,000 after buying an additional 147 shares in the last quarter. Finally, Howland Capital Management LLC acquired a new stake in shares of Canadian National Railway during the first quarter valued at $206,000. Institutional investors and hedge funds own 55.56% of the company’s stock.

About Canadian National Railway

Canadian National Railway Company is engaged in the rail and related transportation business. The Company’s network of approximately 20,000 route miles of track spans Canada and mid-America, connecting approximately three coasts, including the Atlantic, the Pacific and the Gulf of Mexico and serving the cities and ports of Vancouver, Prince Rupert (British Columbia), Montreal, Halifax, New Orleans, and Mobile (Alabama), and the metropolitan areas of Toronto, Edmonton, Winnipeg, Calgary, Chicago, Memphis, Detroit, Duluth (Minnesota)/Superior (Wisconsin), and Jackson (Mississippi), with connections to all points in North America.

Analyst Recommendations for Canadian National Railway (NYSE:CNI)

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