Canadian National Railway (NYSE:CNI) Receives Average Recommendation of “Moderate Buy” from Brokerages

Shares of Canadian National Railway (NYSE:CNI) (TSE:CNR) have received an average rating of “Moderate Buy” from the twenty research firms that are presently covering the company, MarketBeat reports. Two investment analysts have rated the stock with a sell recommendation, six have issued a hold recommendation, nine have given a buy recommendation and three have assigned a strong buy recommendation to the company. The average 12-month target price among brokers that have issued ratings on the stock in the last year is $119.52.

A number of analysts have recently weighed in on the company. Citigroup lowered their price objective on Canadian National Railway from $122.00 to $114.00 and set a “buy” rating for the company in a research report on Tuesday, April 8th. Evercore ISI lowered their price objective on Canadian National Railway from $119.00 to $114.00 and set an “outperform” rating on the stock in a report on Friday, May 2nd. Jefferies Financial Group reduced their price target on shares of Canadian National Railway from $120.00 to $110.00 and set a “buy” rating on the stock in a research report on Wednesday, April 9th. Raymond James lowered Canadian National Railway from a “moderate buy” rating to a “hold” rating in a research report on Tuesday, April 22nd. Finally, Bank of America boosted their target price on Canadian National Railway from $105.00 to $115.00 and gave the company a “neutral” rating in a research report on Friday, May 16th.

Institutional Investors Weigh In On Canadian National Railway

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Quintet Private Bank Europe S.A. acquired a new position in Canadian National Railway during the 4th quarter worth $25,000. Arlington Trust Co LLC acquired a new position in Canadian National Railway during the 4th quarter valued at about $30,000. Lee Danner & Bass Inc. bought a new stake in shares of Canadian National Railway during the 4th quarter worth about $30,000. Addison Advisors LLC raised its position in shares of Canadian National Railway by 80.2% during the 4th quarter. Addison Advisors LLC now owns 319 shares of the transportation company’s stock worth $32,000 after buying an additional 142 shares in the last quarter. Finally, Dagco Inc. bought a new stake in Canadian National Railway in the first quarter worth about $32,000. Hedge funds and other institutional investors own 80.74% of the company’s stock.

Canadian National Railway Stock Performance

NYSE:CNI opened at $105.18 on Wednesday. The firm has a market capitalization of $66.11 billion, a PE ratio of 20.54, a P/E/G ratio of 1.95 and a beta of 0.97. The company has a debt-to-equity ratio of 0.94, a quick ratio of 0.48 and a current ratio of 0.66. The stock has a 50-day simple moving average of $100.01 and a two-hundred day simple moving average of $102.32. Canadian National Railway has a 52-week low of $91.65 and a 52-week high of $127.89.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last issued its quarterly earnings data on Thursday, May 1st. The transportation company reported $1.29 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.26 by $0.03. Canadian National Railway had a return on equity of 22.48% and a net margin of 26.09%. The business had revenue of $3.06 billion for the quarter, compared to the consensus estimate of $4.38 billion. During the same period in the prior year, the business posted $1.72 earnings per share. The company’s quarterly revenue was up 3.6% compared to the same quarter last year. Analysts forecast that Canadian National Railway will post 5.52 EPS for the current year.

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.