Canadian National Railway (NYSE:CNI) Receives Consensus Rating of “Moderate Buy” from Brokerages

Shares of Canadian National Railway (NYSE:CNI) (TSE:CNR) have received an average recommendation of “Moderate Buy” from the twenty ratings firms that are currently covering the firm, Marketbeat.com reports. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating, eight have issued a buy rating and three have given a strong buy rating to the company. The average twelve-month target price among analysts that have covered the stock in the last year is $118.69.

A number of research firms have recently weighed in on CNI. Evercore ISI decreased their price target on shares of Canadian National Railway from $119.00 to $114.00 and set an “outperform” rating for the company in a research report on Friday. Wells Fargo & Company dropped their target price on shares of Canadian National Railway from $125.00 to $123.00 and set an “overweight” rating for the company in a research report on Monday, January 13th. Royal Bank of Canada cut their target price on shares of Canadian National Railway from $165.00 to $163.00 and set an “outperform” rating on the stock in a research note on Friday. JPMorgan Chase & Co. upgraded Canadian National Railway from a “neutral” rating to an “overweight” rating in a research note on Tuesday, January 7th. Finally, Raymond James cut Canadian National Railway from a “moderate buy” rating to a “hold” rating in a research note on Tuesday, April 22nd.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the business. Synovus Financial Corp raised its position in shares of Canadian National Railway by 82.3% during the 3rd quarter. Synovus Financial Corp now owns 13,873 shares of the transportation company’s stock worth $1,625,000 after buying an additional 6,261 shares in the last quarter. Sustainable Insight Capital Management LLC bought a new stake in Canadian National Railway during the fourth quarter worth approximately $436,000. Threadgill Financial LLC lifted its position in Canadian National Railway by 75.9% in the fourth quarter. Threadgill Financial LLC now owns 22,476 shares of the transportation company’s stock worth $2,282,000 after purchasing an additional 9,701 shares during the period. CIBC Asset Management Inc lifted its position in Canadian National Railway by 12.6% in the fourth quarter. CIBC Asset Management Inc now owns 5,119,674 shares of the transportation company’s stock worth $519,843,000 after purchasing an additional 571,967 shares during the period. Finally, Blue Trust Inc. boosted its stake in Canadian National Railway by 26.5% during the 4th quarter. Blue Trust Inc. now owns 1,646 shares of the transportation company’s stock valued at $167,000 after purchasing an additional 345 shares in the last quarter. Institutional investors and hedge funds own 80.74% of the company’s stock.

Canadian National Railway Stock Performance

NYSE:CNI opened at $101.41 on Friday. The firm has a 50-day moving average of $98.04 and a two-hundred day moving average of $103.20. The company has a debt-to-equity ratio of 0.94, a current ratio of 0.66 and a quick ratio of 0.48. The stock has a market cap of $63.74 billion, a P/E ratio of 19.81, a PEG ratio of 1.95 and a beta of 0.93. Canadian National Railway has a 1-year low of $91.65 and a 1-year high of $129.18.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last issued its quarterly earnings results on Thursday, May 1st. The transportation company reported $1.29 EPS for the quarter, beating analysts’ consensus estimates of $1.26 by $0.03. Canadian National Railway had a return on equity of 22.48% and a net margin of 26.09%. The firm had revenue of $3.06 billion during the quarter, compared to the consensus estimate of $4.38 billion. During the same quarter in the prior year, the business posted $1.72 earnings per share. Canadian National Railway’s revenue for the quarter was up 3.6% on a year-over-year basis. On average, research analysts expect that Canadian National Railway will post 5.52 earnings per share for the current fiscal year.

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.