Canadian National Railway (NYSE:CNI) Upgraded at Jefferies Financial Group

Canadian National Railway (NYSE:CNI) (TSE:CNR) was upgraded by Jefferies Financial Group from a “hold” rating to a “buy” rating in a research report issued on Friday, Marketbeat.com reports. The firm currently has a $120.00 price objective on the transportation company’s stock. Jefferies Financial Group’s price target points to a potential upside of 17.11% from the company’s previous close.

Several other research analysts have also recently weighed in on the company. Susquehanna reduced their price objective on Canadian National Railway from $125.00 to $115.00 and set a “neutral” rating for the company in a research report on Wednesday. The Goldman Sachs Group reduced their price target on Canadian National Railway from $131.00 to $124.00 and set a “sell” rating for the company in a research report on Wednesday, October 9th. Bank of America lowered their price objective on shares of Canadian National Railway from $119.00 to $112.00 and set a “neutral” rating on the stock in a report on Wednesday. Wells Fargo & Company reduced their target price on shares of Canadian National Railway from $133.00 to $125.00 and set an “overweight” rating for the company in a report on Tuesday. Finally, Barclays raised their target price on shares of Canadian National Railway from $120.00 to $121.00 and gave the company an “equal weight” rating in a research report on Wednesday, September 25th. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating, six have given a buy rating and three have assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $121.57.

Canadian National Railway Stock Performance

Shares of CNI stock opened at $102.47 on Friday. The company has a debt-to-equity ratio of 0.96, a quick ratio of 0.49 and a current ratio of 0.64. Canadian National Railway has a 52 week low of $98.96 and a 52 week high of $134.02. The company’s 50 day moving average price is $106.58 and its two-hundred day moving average price is $112.63. The company has a market capitalization of $64.47 billion, a P/E ratio of 16.42, a price-to-earnings-growth ratio of 2.43 and a beta of 0.91.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last issued its quarterly earnings data on Tuesday, October 22nd. The transportation company reported $1.72 EPS for the quarter, topping analysts’ consensus estimates of $1.70 by $0.02. The business had revenue of $4.11 billion for the quarter, compared to analyst estimates of $4.08 billion. Canadian National Railway had a net margin of 31.65% and a return on equity of 23.62%. The firm’s quarterly revenue was up 3.1% on a year-over-year basis. During the same period last year, the business posted $1.26 earnings per share. On average, analysts expect that Canadian National Railway will post 5.31 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. Fortitude Family Office LLC lifted its holdings in Canadian National Railway by 738.7% during the 3rd quarter. Fortitude Family Office LLC now owns 260 shares of the transportation company’s stock valued at $30,000 after purchasing an additional 229 shares during the last quarter. Coastline Trust Co bought a new position in shares of Canadian National Railway in the third quarter valued at about $34,000. Reston Wealth Management LLC bought a new position in shares of Canadian National Railway in the third quarter valued at about $41,000. Sanctuary Wealth Management L.L.C. acquired a new stake in shares of Canadian National Railway during the 3rd quarter worth about $56,000. Finally, Grove Bank & Trust boosted its holdings in shares of Canadian National Railway by 15.3% during the 3rd quarter. Grove Bank & Trust now owns 730 shares of the transportation company’s stock worth $86,000 after buying an additional 97 shares during the period. 80.74% of the stock is owned by institutional investors and hedge funds.

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.