Canadian National Railway (NYSE:CNI) Upgraded by StockNews.com to “Buy”

Canadian National Railway (NYSE:CNIGet Rating) (TSE:CNR) was upgraded by investment analysts at StockNews.com from a “hold” rating to a “buy” rating in a research report issued on Tuesday.

Several other research firms have also recently weighed in on CNI. Credit Suisse Group started coverage on shares of Canadian National Railway in a research note on Monday, June 27th. They issued a “neutral” rating and a $122.00 target price for the company. Susquehanna Bancshares lowered their price objective on Canadian National Railway from $137.00 to $127.00 in a research note on Wednesday, July 6th. Desjardins increased their price target on shares of Canadian National Railway from C$167.00 to C$169.00 in a research report on Wednesday, July 27th. Scotiabank boosted their target price on Canadian National Railway from C$150.00 to C$152.00 in a research note on Wednesday, July 27th. Finally, Evercore ISI reduced their price objective on Canadian National Railway from $128.00 to $122.00 and set an “outperform” rating on the stock in a research report on Tuesday, July 12th. Thirteen research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $141.36.

Canadian National Railway Stock Up 1.2 %

NYSE:CNI opened at $117.87 on Tuesday. The company has a current ratio of 0.71, a quick ratio of 0.55 and a debt-to-equity ratio of 0.55. The stock has a market cap of $80.40 billion, a price-to-earnings ratio of 20.50, a PEG ratio of 1.76 and a beta of 0.86. The stock has a 50-day moving average price of $121.07 and a two-hundred day moving average price of $120.12. Canadian National Railway has a 1 year low of $106.61 and a 1 year high of $137.19.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. Hanson & Doremus Investment Management boosted its holdings in shares of Canadian National Railway by 294.1% in the first quarter. Hanson & Doremus Investment Management now owns 201 shares of the transportation company’s stock valued at $27,000 after purchasing an additional 150 shares during the period. Tyler Stone Wealth Management acquired a new position in Canadian National Railway during the 4th quarter valued at approximately $30,000. Holloway Wealth Management LLC lifted its position in Canadian National Railway by 187.5% during the 1st quarter. Holloway Wealth Management LLC now owns 230 shares of the transportation company’s stock worth $31,000 after acquiring an additional 150 shares during the period. NuWave Investment Management LLC purchased a new stake in Canadian National Railway in the second quarter valued at approximately $32,000. Finally, Clear Street Markets LLC acquired a new stake in shares of Canadian National Railway in the second quarter worth $34,000. Hedge funds and other institutional investors own 79.45% of the company’s stock.

Canadian National Railway Company Profile

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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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Analyst Recommendations for Canadian National Railway (NYSE:CNI)

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