Canadian National Railway (NYSE:CNI) Receives Consensus Recommendation of “Hold” from Analysts

Shares of Canadian National Railway (NYSE:CNI) (TSE:CNR) have been given a consensus recommendation of “Hold” by the twenty brokerages that are covering the stock, MarketBeat.com reports. Seventeen investment analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average 1-year target price among analysts that have covered the stock in the last year is $134.33.

Several equities research analysts have recently weighed in on CNI shares. Susquehanna Bancshares upped their price target on Canadian National Railway from $115.00 to $143.00 and gave the company a “neutral” rating in a research report on Monday, January 8th. Bank of America upgraded Canadian National Railway from a “neutral” rating to a “buy” rating and upped their price target for the company from $140.00 to $145.00 in a research report on Wednesday, April 10th. Citigroup upped their price target on Canadian National Railway from $121.00 to $128.00 and gave the company a “neutral” rating in a research report on Wednesday, January 24th. Barclays boosted their price objective on Canadian National Railway from $127.00 to $130.00 and gave the stock an “equal weight” rating in a report on Thursday, April 4th. Finally, Benchmark reissued a “hold” rating on shares of Canadian National Railway in a report on Wednesday, April 10th.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Vanguard Group Inc. boosted its position in Canadian National Railway by 1.8% during the 4th quarter. Vanguard Group Inc. now owns 22,395,401 shares of the transportation company’s stock valued at $2,813,534,000 after buying an additional 387,975 shares during the period. Wellington Management Group LLP increased its position in shares of Canadian National Railway by 9.6% in the fourth quarter. Wellington Management Group LLP now owns 21,868,740 shares of the transportation company’s stock valued at $2,761,473,000 after acquiring an additional 1,907,938 shares during the period. FIL Ltd increased its position in shares of Canadian National Railway by 7.2% in the fourth quarter. FIL Ltd now owns 19,189,809 shares of the transportation company’s stock valued at $2,412,032,000 after acquiring an additional 1,280,726 shares during the period. Caisse DE Depot ET Placement DU Quebec increased its position in shares of Canadian National Railway by 5.0% in the third quarter. Caisse DE Depot ET Placement DU Quebec now owns 13,067,300 shares of the transportation company’s stock valued at $1,421,649,000 after acquiring an additional 625,500 shares during the period. Finally, TD Asset Management Inc increased its position in shares of Canadian National Railway by 2.8% in the fourth quarter. TD Asset Management Inc now owns 11,651,919 shares of the transportation company’s stock valued at $1,471,733,000 after acquiring an additional 314,600 shares during the period. Institutional investors own 80.74% of the company’s stock.

Canadian National Railway Trading Up 1.3 %

Shares of CNI opened at $129.32 on Tuesday. The business’s 50-day moving average price is $129.72 and its 200-day moving average price is $122.04. Canadian National Railway has a twelve month low of $103.96 and a twelve month high of $134.02. The stock has a market cap of $82.60 billion, a PE ratio of 20.40, a P/E/G ratio of 2.22 and a beta of 0.88. The company has a quick ratio of 0.47, a current ratio of 0.61 and a debt-to-equity ratio of 0.80.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last announced its quarterly earnings results on Tuesday, January 23rd. The transportation company reported $1.48 earnings per share for the quarter, beating the consensus estimate of $1.46 by $0.02. Canadian National Railway had a return on equity of 23.56% and a net margin of 33.38%. The firm had revenue of $3.28 billion for the quarter, compared to analysts’ expectations of $3.25 billion. On average, equities analysts forecast that Canadian National Railway will post 5.94 EPS for the current fiscal year.

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.