Canadian National Railway (TSE:CNR) Cut to Hold at UBS Group

UBS Group downgraded shares of Canadian National Railway (TSE:CNR) (NYSE:CNI) from a strong-buy rating to a hold rating in a report published on Monday morning,Zacks.com reports.

Several other analysts also recently issued reports on CNR. JPMorgan Chase & Co. decreased their target price on Canadian National Railway from C$149.00 to C$147.00 in a research note on Monday. Royal Bank Of Canada reduced their price objective on shares of Canadian National Railway from C$153.00 to C$151.00 and set an “outperform” rating on the stock in a research report on Monday. National Bankshares lowered their target price on shares of Canadian National Railway from C$150.00 to C$147.00 and set a “sector perform” rating on the stock in a report on Monday. TD Securities cut their target price on shares of Canadian National Railway from C$166.00 to C$164.00 and set a “buy” rating for the company in a research note on Monday. Finally, Vertical Research upgraded shares of Canadian National Railway from a “hold” rating to a “strong-buy” rating in a report on Monday, January 5th. Three investment analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating and eight have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of C$151.60.

Canadian National Railway Stock Up 2.7%

CNR opened at C$135.23 on Monday. The stock has a market cap of C$82.97 billion, a price-to-earnings ratio of 17.86, a price-to-earnings-growth ratio of 3.38 and a beta of 0.85. The company has a debt-to-equity ratio of 107.59, a quick ratio of 0.58 and a current ratio of 0.64. The firm’s fifty day moving average is C$135.65 and its 200 day moving average is C$133.09. Canadian National Railway has a fifty-two week low of C$126.11 and a fifty-two week high of C$152.12.

Canadian National Railway (TSE:CNR) (NYSE:CNI) last issued its quarterly earnings results on Friday, January 30th. The company reported C$2.08 earnings per share (EPS) for the quarter. Canadian National Railway had a return on equity of 27.10% and a net margin of 31.20%.The business had revenue of C$4.46 billion during the quarter. On average, sell-side analysts forecast that Canadian National Railway will post 8.2610275 earnings per share for the current fiscal year.

Canadian National Railway Company Profile

CN powers the economy by safely transporting more than 300 million tons of natural resources, manufactured products, and finished goods throughout North America every year for its customers. With its nearly 20,000-mile rail network and related transportation services, CN connects Canada’s Eastern and Western coasts with the U.S. Midwest and the U.S. Gulf Coast, contributing to sustainable trade and the prosperity of the communities in which it operates since 1919.