Canadian National Railway (NYSE:CNI) Stock Rating Upgraded by Vertical Research

Canadian National Railway (NYSE:CNI) (TSE:CNR) was upgraded by analysts at Vertical Research from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Monday, Marketbeat reports.

A number of other brokerages also recently issued reports on CNI. Zacks Research raised shares of Canadian National Railway from a “strong sell” rating to a “hold” rating in a report on Friday, November 28th. CIBC raised shares of Canadian National Railway from a “neutral” rating to an “outperformer” rating and increased their target price for the stock from $146.00 to $151.00 in a research note on Friday, November 28th. Susquehanna raised their target price on Canadian National Railway from $115.00 to $116.00 and gave the company a “positive” rating in a research report on Monday, November 3rd. Wells Fargo & Company reduced their price target on Canadian National Railway from $117.00 to $110.00 and set an “overweight” rating for the company in a report on Monday, October 6th. Finally, Royal Bank Of Canada increased their price target on Canadian National Railway from $148.00 to $158.00 and gave the stock an “outperform” rating in a research report on Monday, November 3rd. Two research analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating, nine have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $117.36.

Canadian National Railway Stock Up 1.3%

Canadian National Railway stock opened at $100.66 on Monday. Canadian National Railway has a 1-year low of $90.74 and a 1-year high of $108.75. The business has a fifty day moving average price of $96.66 and a 200-day moving average price of $96.78. The company has a debt-to-equity ratio of 0.92, a current ratio of 0.60 and a quick ratio of 0.42. The stock has a market capitalization of $61.94 billion, a price-to-earnings ratio of 19.10, a PEG ratio of 2.06 and a beta of 0.96.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last released its earnings results on Friday, October 31st. The transportation company reported $1.33 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.28 by $0.05. Canadian National Railway had a return on equity of 21.50% and a net margin of 26.86%.The firm had revenue of $2.99 billion for the quarter, compared to the consensus estimate of $4.15 billion. During the same period in the prior year, the firm earned $1.72 EPS. The firm’s revenue was up 1.3% on a year-over-year basis. Equities research analysts forecast that Canadian National Railway will post 5.52 EPS for the current fiscal year.

Institutional Investors Weigh In On Canadian National Railway

Several large investors have recently added to or reduced their stakes in the business. Addison Advisors LLC boosted its stake in shares of Canadian National Railway by 124.0% in the 2nd quarter. Addison Advisors LLC now owns 271 shares of the transportation company’s stock valued at $28,000 after buying an additional 150 shares during the period. Hollencrest Capital Management purchased a new position in Canadian National Railway in the third quarter worth approximately $28,000. First Horizon Corp purchased a new position in Canadian National Railway in the third quarter worth approximately $30,000. Costello Asset Management INC grew its holdings in Canadian National Railway by 83.3% during the 3rd quarter. Costello Asset Management INC now owns 330 shares of the transportation company’s stock worth $31,000 after acquiring an additional 150 shares in the last quarter. Finally, Curio Wealth LLC increased its position in shares of Canadian National Railway by 31,600.0% in the 2nd quarter. Curio Wealth LLC now owns 317 shares of the transportation company’s stock valued at $33,000 after purchasing an additional 316 shares during the last quarter. 80.74% of the stock is owned by hedge funds and other institutional investors.

About Canadian National Railway

Canadian National Railway Company (NYSE: CNI) is a Class I freight railway that operates an integrated rail network across Canada and the United States. Headquartered in Montreal, Quebec, CN provides long-haul freight transportation and related logistics services that connect major ports, industrial centers and inland markets throughout North America. Its transcontinental system enables cross-border movement of goods and supports supply chains that span coast-to-coast in Canada and into the central and eastern United States.

CN’s core business is the railborne transportation of a broad mix of commodities, including intermodal container traffic, forest and paper products, grain and other agricultural products, metallurgical and industrial products, petroleum and chemical products, coal and automotive shipments.