Wall Street Zen Downgrades Canadian National Railway (NYSE:CNI) to Sell

Canadian National Railway (NYSE:CNI) (TSE:CNR) was downgraded by analysts at Wall Street Zen from a “hold” rating to a “sell” rating in a report issued on Saturday.

A number of other analysts have also recently issued reports on CNI. Bank of America reduced their target price on shares of Canadian National Railway from $106.00 to $102.00 and set a “neutral” rating for the company in a research note on Monday, September 29th. Weiss Ratings reissued a “hold (c-)” rating on shares of Canadian National Railway in a research report on Saturday, September 27th. Royal Bank Of Canada reduced their price objective on shares of Canadian National Railway from $161.00 to $157.00 and set an “outperform” rating for the company in a research note on Wednesday, July 23rd. Citigroup reduced their price objective on shares of Canadian National Railway from $124.00 to $123.00 and set a “buy” rating for the company in a research note on Wednesday, July 9th. Finally, National Bank Financial cut shares of Canadian National Railway from an “outperform” rating to a “sector perform” rating in a research note on Wednesday, July 23rd. Two research analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating, ten have assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Canadian National Railway has an average rating of “Hold” and an average target price of $116.69.

Canadian National Railway Trading Up 2.0%

Shares of NYSE CNI opened at $96.35 on Friday. The business has a 50 day simple moving average of $94.36 and a 200 day simple moving average of $99.01. Canadian National Railway has a 52 week low of $91.07 and a 52 week high of $116.79. The stock has a market cap of $59.81 billion, a price-to-earnings ratio of 18.53, a PEG ratio of 2.11 and a beta of 0.96. The company has a debt-to-equity ratio of 0.90, a quick ratio of 0.58 and a current ratio of 0.82.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last posted its earnings results on Tuesday, July 22nd. The transportation company reported $1.35 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.37 by ($0.02). The business had revenue of $3.14 billion during the quarter, compared to analyst estimates of $4.34 billion. Canadian National Railway had a net margin of 26.63% and a return on equity of 21.71%. Canadian National Railway’s revenue was down 1.3% compared to the same quarter last year. During the same quarter last year, the firm earned $1.84 earnings per share. On average, research analysts predict that Canadian National Railway will post 5.52 earnings per share for the current fiscal year.

Institutional Trading of Canadian National Railway

Several institutional investors have recently added to or reduced their stakes in the stock. Cardinal Capital Management Inc. boosted its holdings in Canadian National Railway by 1.5% in the third quarter. Cardinal Capital Management Inc. now owns 742,230 shares of the transportation company’s stock valued at $70,038,000 after acquiring an additional 10,880 shares during the last quarter. Corient Private Wealth LLC boosted its holdings in shares of Canadian National Railway by 10.8% during the 2nd quarter. Corient Private Wealth LLC now owns 21,623 shares of the transportation company’s stock worth $2,250,000 after buying an additional 2,104 shares in the last quarter. Caldwell Trust Co bought a new position in shares of Canadian National Railway during the 2nd quarter worth approximately $68,000. Troy Asset Management Ltd grew its position in shares of Canadian National Railway by 0.3% during the 2nd quarter. Troy Asset Management Ltd now owns 1,058,149 shares of the transportation company’s stock worth $110,090,000 after buying an additional 3,060 shares during the period. Finally, Osaic Holdings Inc. increased its stake in shares of Canadian National Railway by 5.0% in the 2nd quarter. Osaic Holdings Inc. now owns 31,334 shares of the transportation company’s stock valued at $3,256,000 after acquiring an additional 1,482 shares in the last quarter. 80.74% of the stock is currently owned by institutional investors.

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.