Canadian National Railway (NYSE:CNI) Earns “Equal Weight” Rating from Stephens

Canadian National Railway (NYSE:CNI) (TSE:CNR)‘s stock had its “equal weight” rating reaffirmed by analysts at Stephens in a report issued on Wednesday, Benzinga reports. They currently have a $116.00 price target on the transportation company’s stock. Stephens’ price target indicates a potential upside of 2.15% from the company’s previous close.

CNI has been the subject of a number of other reports. Citigroup initiated coverage on Canadian National Railway in a research note on Wednesday, October 9th. They set a “neutral” rating and a $125.00 price target for the company. Royal Bank of Canada raised Canadian National Railway from a “sector perform” rating to an “outperform” rating in a research report on Thursday, October 10th. Susquehanna cut their target price on shares of Canadian National Railway from $130.00 to $125.00 and set a “neutral” rating for the company in a research note on Wednesday. National Bank Financial upgraded Canadian National Railway from a “sector perform” rating to an “outperform” rating in a research report on Thursday, June 27th. Finally, Sanford C. Bernstein decreased their target price on shares of Canadian National Railway from $130.67 to $126.29 and set a “market perform” rating on the stock in a research report on Wednesday, October 9th. One investment analyst has rated the stock with a sell rating, fifteen have issued a hold rating, three have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $125.10.

Canadian National Railway Trading Up 1.2 %

NYSE CNI traded up $1.32 on Wednesday, hitting $113.56. 1,320,755 shares of the stock were exchanged, compared to its average volume of 1,104,607. The company’s 50-day moving average price is $116.00 and its two-hundred day moving average price is $119.78. The company has a debt-to-equity ratio of 0.93, a current ratio of 0.63 and a quick ratio of 0.48. Canadian National Railway has a 52-week low of $103.96 and a 52-week high of $134.02. The company has a market capitalization of $71.82 billion, a price-to-earnings ratio of 18.14, a P/E/G ratio of 2.53 and a beta of 0.88.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last posted its quarterly earnings results on Tuesday, October 22nd. The transportation company reported $1.72 earnings per share for the quarter, beating the consensus estimate of $1.70 by $0.02. The firm had revenue of $4.11 billion for the quarter, compared to analyst estimates of $4.08 billion. Canadian National Railway had a return on equity of 23.58% and a net margin of 32.00%. Canadian National Railway’s quarterly revenue was up 3.1% on a year-over-year basis. During the same period in the previous year, the firm earned $1.26 earnings per share. Research analysts predict that Canadian National Railway will post 5.5 EPS for the current year.

Institutional Investors Weigh In On Canadian National Railway

Several hedge funds and other institutional investors have recently made changes to their positions in the company. 1832 Asset Management L.P. boosted its stake in Canadian National Railway by 7.8% in the second quarter. 1832 Asset Management L.P. now owns 9,365,622 shares of the transportation company’s stock valued at $1,106,361,000 after acquiring an additional 674,536 shares during the last quarter. Capital International Investors increased its stake in Canadian National Railway by 18.1% in the first quarter. Capital International Investors now owns 9,003,537 shares of the transportation company’s stock valued at $1,185,647,000 after purchasing an additional 1,379,976 shares in the last quarter. JARISLOWSKY FRASER Ltd raised its holdings in Canadian National Railway by 1.2% in the second quarter. JARISLOWSKY FRASER Ltd now owns 8,610,928 shares of the transportation company’s stock worth $1,017,315,000 after purchasing an additional 99,716 shares during the period. Fiera Capital Corp boosted its position in shares of Canadian National Railway by 13.3% during the second quarter. Fiera Capital Corp now owns 5,443,461 shares of the transportation company’s stock worth $643,503,000 after purchasing an additional 638,817 shares in the last quarter. Finally, The Manufacturers Life Insurance Company grew its holdings in shares of Canadian National Railway by 2.6% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 4,836,345 shares of the transportation company’s stock valued at $570,667,000 after buying an additional 120,453 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.