Canadian National Railway Company (NYSE:CNI) (TSE:CNR)‘s stock had its “outperform” rating reaffirmed by equities research analysts at Royal Bank Of Canada in a report released on Wednesday.

Other equities analysts have also issued research reports about the company. 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. Cowen and Company restated a “buy” rating and issued a $83.00 price target on shares of Canadian National Railway in a research note on Sunday, September 24th. Stifel Nicolaus restated a “hold” rating and issued a $89.00 price target on shares of Canadian National Railway in a research note on Friday, October 6th. BidaskClub upgraded Canadian National Railway from a “sell” rating to a “hold” rating in a research note on Wednesday, August 16th. Finally, Credit Suisse Group restated a “neutral” rating on shares of Canadian National Railway in a research note on Friday, July 28th. Fourteen research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $82.47.

Canadian National Railway (CNI) opened at 83.14 on Wednesday. Canadian National Railway has a 1-year low of $61.72 and a 1-year high of $84.48. The stock has a 50 day moving average price of $81.52 and a 200-day moving average price of $79.17. The company has a market cap of $62.44 billion, a price-to-earnings ratio of 19.88 and a beta of 1.13.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last announced its quarterly earnings results on Tuesday, October 24th. The transportation company reported $1.31 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.08 by $0.23. Canadian National Railway had a return on equity of 25.42% and a net margin of 30.59%. The firm had revenue of $3.22 billion during the quarter, compared to analyst estimates of $3.28 billion. During the same quarter in the previous year, the business earned $1.25 EPS. Canadian National Railway’s revenue for the quarter was up 6.9% compared to the same quarter last year. On average, equities research analysts forecast that Canadian National Railway will post $4.07 EPS for the current year.

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Institutional investors have recently modified their holdings of the company. Hall Laurie J Trustee boosted its holdings in shares of Canadian National Railway by 4.1% during the 2nd quarter. Hall Laurie J Trustee now owns 1,275 shares of the transportation company’s stock worth $103,000 after purchasing an additional 50 shares during the last quarter. City Holding Co. boosted its holdings in shares of Canadian National Railway by 15.4% during the 2nd quarter. City Holding Co. now owns 1,313 shares of the transportation company’s stock worth $106,000 after purchasing an additional 175 shares during the last quarter. Bronfman E.L. Rothschild L.P. boosted its holdings in shares of Canadian National Railway by 0.9% during the 2nd quarter. Bronfman E.L. Rothschild L.P. now owns 1,416 shares of the transportation company’s stock worth $115,000 after purchasing an additional 12 shares during the last quarter. UBS Asset Management Americas Inc. acquired a new position in shares of Canadian National Railway during the 1st quarter worth approximately $123,000. Finally, Proficio Capital Partners LLC boosted its holdings in shares of Canadian National Railway by 151.9% during the 1st quarter. Proficio Capital Partners LLC now owns 1,768 shares of the transportation company’s stock worth $135,000 after purchasing an additional 1,066 shares during the last quarter. Institutional investors and hedge funds own 54.25% of the company’s stock.

Canadian National Railway Company Profile

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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