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

Canadian National Railway (NYSE:CNI) (TSE:CNR) was upgraded by equities research analysts at Jefferies Financial Group from a “hold” rating to a “buy” rating in a research note issued to investors on Friday, MarketBeat Ratings reports. The firm presently has a $120.00 price target on the transportation company’s stock. Jefferies Financial Group’s target price suggests a potential upside of 17.11% from the stock’s current price.

A number of other research firms also recently weighed in on CNI. Sanford C. Bernstein dropped their price target on shares of Canadian National Railway from $130.67 to $126.29 and set a “market perform” rating for the company in a research report on Wednesday, October 9th. Evercore ISI upgraded Canadian National Railway from a “hold” rating to a “strong-buy” rating in a research note on Thursday, December 19th. Bank of America cut their target price on Canadian National Railway from $119.00 to $112.00 and set a “neutral” rating for the company in a research report on Wednesday. Susquehanna decreased their price target on Canadian National Railway from $125.00 to $115.00 and set a “neutral” rating on the stock in a research report on Wednesday. Finally, JPMorgan Chase & Co. raised Canadian National Railway from a “neutral” rating to an “overweight” rating in a research note on Tuesday. One investment analyst has rated the stock with a sell rating, nine have given a hold rating, six have assigned a buy rating and three have issued a strong buy rating to the stock. According to MarketBeat.com, Canadian National Railway presently has a consensus rating of “Moderate Buy” and a consensus price target of $121.57.

Canadian National Railway Stock Down 1.8 %

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

Canadian National Railway (NYSE:CNI) (TSE:CNR) last released its quarterly earnings results on Tuesday, October 22nd. The transportation company reported $1.72 EPS for the quarter, beating the consensus estimate of $1.70 by $0.02. Canadian National Railway had a net margin of 31.65% and a return on equity of 23.62%. The business had revenue of $4.11 billion for the quarter, compared to the consensus estimate of $4.08 billion. During the same period in the prior year, the company posted $1.26 earnings per share. Canadian National Railway’s revenue was up 3.1% compared to the same quarter last year. On average, equities analysts anticipate that Canadian National Railway will post 5.31 earnings per share for the current year.

Institutional Trading of Canadian National Railway

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

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.