Cibc Captl Mkts Upgrades Canadian National Railway (NYSE:CNI) to Strong-Buy

Canadian National Railway (NYSE:CNI) (TSE:CNR) was upgraded by analysts at Cibc Captl Mkts from a “hold” rating to a “strong-buy” rating in a research note issued to investors on Friday,Zacks.com reports.

A number of other brokerages have also weighed in on CNI. Zacks Research cut shares of Canadian National Railway from a “hold” rating to a “strong sell” rating in a research note on Thursday, October 23rd. CIBC upgraded shares of Canadian National Railway from a “neutral” rating to an “outperformer” rating and raised their price objective for the company from $146.00 to $151.00 in a report on Friday. Barclays reduced their target price on shares of Canadian National Railway from $99.00 to $97.00 and set an “equal weight” rating on the stock in a report on Thursday, October 2nd. Citigroup upped their price target on shares of Canadian National Railway from $119.00 to $120.00 and gave the company a “buy” rating in a research report on Monday, November 3rd. Finally, Weiss Ratings reiterated a “hold (c-)” rating on shares of Canadian National Railway in a report on Wednesday, October 8th. Two equities research analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating, eight have issued a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, Canadian National Railway has a consensus rating of “Moderate Buy” and a consensus target price of $117.36.

Canadian National Railway Price Performance

Shares of CNI stock opened at $95.88 on Friday. The business has a fifty day simple moving average of $94.76 and a 200 day simple moving average of $98.11. The company has a market cap of $59.11 billion, a P/E ratio of 18.44, a P/E/G ratio of 2.13 and a beta of 0.95. The company has a quick ratio of 0.58, a current ratio of 0.82 and a debt-to-equity ratio of 0.90. Canadian National Railway has a twelve month low of $90.74 and a twelve month high of $112.06.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last posted its earnings results on Friday, October 31st. The transportation company reported $1.33 EPS for the quarter, topping analysts’ consensus estimates of $1.28 by $0.05. Canadian National Railway had a net margin of 26.63% and a return on equity of 21.71%. The firm had revenue of $2.99 billion during the quarter, compared to analysts’ expectations of $4.15 billion. The business’s revenue for the quarter was up 1.3% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.72 earnings per share. On average, sell-side analysts forecast that Canadian National Railway will post 5.52 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Cetera Investment Advisers increased its stake in Canadian National Railway by 12.8% during the 1st quarter. Cetera Investment Advisers now owns 50,750 shares of the transportation company’s stock valued at $4,946,000 after purchasing an additional 5,754 shares in the last quarter. LPL Financial LLC grew its holdings in shares of Canadian National Railway by 6.5% during the first quarter. LPL Financial LLC now owns 105,638 shares of the transportation company’s stock valued at $10,296,000 after buying an additional 6,432 shares during the last quarter. Foundations Investment Advisors LLC bought a new stake in shares of Canadian National Railway during the first quarter worth about $391,000. Banque Cantonale Vaudoise bought a new stake in shares of Canadian National Railway during the first quarter worth about $277,000. Finally, Vestcor Inc acquired a new stake in shares of Canadian National Railway in the 1st quarter worth about $1,384,000. 80.74% of the stock is owned by institutional investors and hedge funds.

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.