Evercore ISI Upgrades Canadian National Railway (NYSE:CNI) to Outperform

Canadian National Railway (NYSE:CNI – Get Rating) (TSE:CNR) was upgraded by equities research analysts at Evercore ISI to an “outperform” rating in a research report issued on Thursday, The Fly reports.

CNI has been the topic of a number of other research reports. BMO Capital Markets upgraded Canadian National Railway from a “market perform” rating to an “outperform” rating and set a $170.00 target price on the stock in a research note on Wednesday, May 18th. JPMorgan Chase & Co. lowered their target price on Canadian National Railway from C$171.00 to C$159.00 in a research note on Friday, April 8th. Deutsche Bank Aktiengesellschaft upped their target price on Canadian National Railway from $137.00 to $142.00 and gave the stock a “buy” rating in a research note on Thursday, January 27th. Desjardins lowered their price target on Canadian National Railway from C$173.00 to C$172.00 in a research report on Thursday, April 28th. Finally, National Bank Financial lowered their price target on Canadian National Railway from C$172.00 to C$168.00 in a research report on Friday, April 8th. Seventeen investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat, Canadian National Railway currently has an average rating of “Hold” and a consensus price target of $147.86.

Canadian National Railway stock opened at $110.09 on Thursday. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.67 and a current ratio of 0.84. The business’s 50-day simple moving average is $122.99 and its two-hundred day simple moving average is $124.25. The company has a market cap of $76.22 billion, a PE ratio of 20.24, a PEG ratio of 1.89 and a beta of 0.85. Canadian National Railway has a fifty-two week low of $100.66 and a fifty-two week high of $137.19.

Canadian National Railway (NYSE:CNI – Get Rating) (TSE:CNR) last issued its earnings results on Tuesday, April 26th. The transportation company reported $1.04 EPS for the quarter, missing analysts’ consensus estimates of $1.08 by ($0.04). Canadian National Railway had a return on equity of 19.71% and a net margin of 33.00%. The company had revenue of $3.71 billion during the quarter, compared to analysts’ expectations of $3.67 billion. During the same quarter in the previous year, the company earned $0.97 EPS. The firm’s quarterly revenue was up 4.9% compared to the same quarter last year. As a group, analysts predict that Canadian National Railway will post 5.56 EPS for the current fiscal year.

A number of hedge funds have recently bought and sold shares of CNI. BlackRock Inc. increased its stake in Canadian National Railway by 11.3% during the third quarter. BlackRock Inc. now owns 643,661 shares of the transportation company’s stock worth $74,439,000 after acquiring an additional 65,325 shares during the last quarter. Allianz Asset Management GmbH increased its stake in Canadian National Railway by 45.8% during the third quarter. Allianz Asset Management GmbH now owns 15,390 shares of the transportation company’s stock worth $1,783,000 after acquiring an additional 4,834 shares during the last quarter. American Century Companies Inc. increased its stake in Canadian National Railway by 14.5% during the third quarter. American Century Companies Inc. now owns 16,547 shares of the transportation company’s stock worth $1,918,000 after acquiring an additional 2,100 shares during the last quarter. Mercer Global Advisors Inc. ADV increased its stake in Canadian National Railway by 13.6% during the third quarter. Mercer Global Advisors Inc. ADV now owns 8,398 shares of the transportation company’s stock worth $971,000 after acquiring an additional 1,006 shares during the last quarter. Finally, Vident Investment Advisory LLC acquired a new stake in Canadian National Railway during the third quarter worth $251,000. 70.92% of the stock is owned by institutional investors.

About Canadian National Railway (Get Rating)

Canadian National Railway Company, together with its subsidiaries, engages in the rail and related transportation business. The company's portfolio of goods includes petroleum and chemicals, grain and fertilizers, coal, metals and minerals, forest products, intermodal, and automotive products serving exporters, importers, retailers, farmers, and manufacturers.

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