Research analysts at Goldman Sachs Group assumed coverage on shares of Canadian National Railway (NYSE:CNI) (TSE:CNR) in a research report issued to clients and investors on Monday, November 13th, Marketbeat reports. The firm set a “buy” rating and a $85.00 price target on the transportation company’s stock. Goldman Sachs Group’s target price suggests a potential upside of 3.03% from the stock’s previous close.
Other equities analysts also recently issued research reports about the company. BidaskClub upgraded Canadian National Railway from a “sell” rating to a “hold” rating in a report on Wednesday, August 16th. Credit Suisse Group restated a “neutral” rating on shares of Canadian National Railway in a report on Friday, July 28th. Cowen restated a “buy” rating and set a $83.00 target price on shares of Canadian National Railway in a report on Sunday, September 24th. Stifel Nicolaus restated a “hold” rating and set a $89.00 target price on shares of Canadian National Railway in a report on Friday, October 6th. Finally, Zacks Investment Research downgraded Canadian National Railway from a “hold” rating to a “sell” rating in a report on Friday, October 27th. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and eight have given a buy rating to the stock. Canadian National Railway has an average rating of “Hold” and a consensus target price of $79.67.
Shares of Canadian National Railway (NYSE CNI) traded down $0.17 during trading on Monday, hitting $82.50. The company had a trading volume of 539,013 shares, compared to its average volume of 850,749. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.49 and a current ratio of 0.61. The company has a market capitalization of $61,553.25, a P/E ratio of 21.15, a PEG ratio of 2.24 and a beta of 1.09. Canadian National Railway has a one year low of $67.08 and a one year high of $84.48.
A number of hedge funds have recently modified their holdings of CNI. Hall Laurie J Trustee grew its stake in Canadian National Railway by 4.1% in the second 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 period. Bronfman E.L. Rothschild L.P. grew its stake in Canadian National Railway by 0.9% in the second 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 period. UBS Asset Management Americas Inc. purchased a new stake in Canadian National Railway in the first quarter worth $123,000. Proficio Capital Partners LLC grew its stake in shares of Canadian National Railway by 0.8% in the second quarter. Proficio Capital Partners LLC now owns 1,783 shares of the transportation company’s stock worth $143,000 after acquiring an additional 15 shares during the last quarter. Finally, Nikko Asset Management Americas Inc. purchased a new stake in shares of Canadian National Railway in the second quarter worth $146,000. 53.73% of the stock is currently owned by institutional investors.
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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.
