Canadian National Railway (NYSE:CNI) Downgraded to Hold at StockNews.com

Canadian National Railway (NYSE:CNI) (TSE:CNR) was downgraded by analysts at StockNews.com from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Wednesday.

A number of other research firms have also recently commented on CNI. Bank of America raised shares of Canadian National Railway from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $140.00 to $145.00 in a research note on Wednesday, April 10th. Stephens reissued an “equal weight” rating and issued a $140.00 price target on shares of Canadian National Railway in a research note on Wednesday, April 24th. Wells Fargo & Company boosted their price target on shares of Canadian National Railway from $110.00 to $125.00 and gave the stock an “equal weight” rating in a research note on Wednesday, January 24th. Susquehanna boosted their price target on shares of Canadian National Railway from $140.00 to $142.00 and gave the stock a “neutral” rating in a research note on Wednesday, April 24th. Finally, Stifel Nicolaus boosted their price target on shares of Canadian National Railway from $121.00 to $134.00 and gave the stock a “hold” rating in a research note on Friday, April 12th. Eighteen research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat, Canadian National Railway has a consensus rating of “Hold” and a consensus price target of $149.05.

Canadian National Railway Price Performance

Canadian National Railway stock traded up $0.83 during midday trading on Wednesday, reaching $127.52. 1,022,551 shares of the stock were exchanged, compared to its average volume of 1,002,703. The company’s fifty day moving average is $127.95 and its 200-day moving average is $124.77. The company has a debt-to-equity ratio of 0.84, a quick ratio of 0.46 and a current ratio of 0.60. The firm has a market cap of $81.19 billion, a PE ratio of 20.34, a PEG ratio of 2.25 and a beta of 0.89. Canadian National Railway has a 52 week low of $103.96 and a 52 week high of $134.02.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last posted its earnings results on Tuesday, April 23rd. The transportation company reported $1.28 earnings per share for the quarter, topping analysts’ consensus estimates of $1.27 by $0.01. The business had revenue of $3.15 billion for the quarter, compared to analyst estimates of $3.16 billion. Canadian National Railway had a net margin of 32.81% and a return on equity of 23.27%. On average, sell-side analysts forecast that Canadian National Railway will post 5.89 EPS for the current year.

Institutional Investors Weigh In On Canadian National Railway

Institutional investors have recently added to or reduced their stakes in the company. Bfsg LLC boosted its position in Canadian National Railway by 110.5% during the 1st quarter. Bfsg LLC now owns 200 shares of the transportation company’s stock valued at $26,000 after buying an additional 105 shares during the period. GAMMA Investing LLC raised its holdings in Canadian National Railway by 766.7% in the 1st quarter. GAMMA Investing LLC now owns 234 shares of the transportation company’s stock worth $31,000 after purchasing an additional 207 shares in the last quarter. EverSource Wealth Advisors LLC raised its holdings in Canadian National Railway by 121.0% in the 3rd quarter. EverSource Wealth Advisors LLC now owns 369 shares of the transportation company’s stock worth $40,000 after purchasing an additional 202 shares in the last quarter. Keener Financial Planning LLC bought a new position in Canadian National Railway in the 4th quarter worth $46,000. Finally, Rational Advisors LLC bought a new position in Canadian National Railway in the 3rd quarter worth $41,000. Hedge funds and other institutional investors own 80.74% of the company’s stock.

About Canadian National Railway

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.