Canadian National Railway (NYSE:CNI) Receives Hold Rating from Benchmark

Canadian National Railway (NYSE:CNI) (TSE:CNR)‘s stock had its “hold” rating reaffirmed by analysts at Benchmark in a note issued to investors on Wednesday, Benzinga reports.

A number of other analysts have also recently commented on the company. Stephens upped their price objective on Canadian National Railway from $122.00 to $135.00 and gave the company an “equal weight” rating in a research report on Thursday, January 4th. Citigroup boosted their price target on Canadian National Railway from $121.00 to $128.00 and gave the company a “neutral” rating in a report on Wednesday, January 24th. TD Securities lowered Canadian National Railway from a “buy” rating to a “hold” rating in a report on Monday, January 8th. Susquehanna boosted their price target on Canadian National Railway from $140.00 to $142.00 and gave the company a “neutral” rating in a report on Wednesday. Finally, CIBC lowered Canadian National Railway from a “sector outperform” rating to a “neutral” rating in a report on Wednesday, January 10th. Eighteen investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $148.60.

Canadian National Railway Stock Up 1.6 %

CNI stock opened at $124.78 on Wednesday. Canadian National Railway has a 1-year low of $103.96 and a 1-year high of $134.02. The business has a fifty day moving average price of $129.58 and a 200-day moving average price of $122.22. The company has a debt-to-equity ratio of 0.84, a current ratio of 0.60 and a quick ratio of 0.47. The stock has a market capitalization of $79.70 billion, a P/E ratio of 19.90, a P/E/G ratio of 2.14 and a beta of 0.88.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last posted its quarterly earnings data on Tuesday, January 23rd. The transportation company reported $1.48 EPS for the quarter, beating analysts’ consensus estimates of $1.46 by $0.02. The company had revenue of $3.28 billion during the quarter, compared to analysts’ expectations of $3.25 billion. Canadian National Railway had a return on equity of 23.27% and a net margin of 32.81%. Equities analysts forecast that Canadian National Railway will post 5.93 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Canadian National Railway

A number of hedge funds have recently made changes to their positions in CNI. CWM LLC lifted its position in shares of Canadian National Railway by 9.3% in the third quarter. CWM LLC now owns 2,983 shares of the transportation company’s stock worth $323,000 after buying an additional 255 shares in the last quarter. Coronation Fund Managers Ltd. raised its position in Canadian National Railway by 22.1% during the third quarter. Coronation Fund Managers Ltd. now owns 706,327 shares of the transportation company’s stock valued at $76,516,000 after purchasing an additional 127,867 shares during the period. Norris Perne & French LLP MI raised its position in Canadian National Railway by 51.4% during the third quarter. Norris Perne & French LLP MI now owns 2,726 shares of the transportation company’s stock valued at $295,000 after purchasing an additional 926 shares during the period. Ballentine Partners LLC raised its position in Canadian National Railway by 19.8% during the third quarter. Ballentine Partners LLC now owns 2,148 shares of the transportation company’s stock valued at $233,000 after purchasing an additional 355 shares during the period. Finally, PDS Planning Inc raised its position in Canadian National Railway by 2.8% during the third quarter. PDS Planning Inc now owns 4,477 shares of the transportation company’s stock valued at $485,000 after purchasing an additional 122 shares during the period. 80.74% of the stock is currently owned by hedge funds and other institutional investors.

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.