Canadian National Railway (NYSE:CNI) Stock Rating Lowered by ValuEngine

Canadian National Railway (NYSE:CNI) (TSE:CNR) was downgraded by stock analysts at ValuEngine from a “buy” rating to a “hold” rating in a report issued on Thursday, ValuEngine reports.

CNI has been the topic of a number of other reports. Citigroup raised their price target on shares of Canadian National Railway from $87.00 to $103.00 and gave the stock a “buy” rating in a research report on Thursday, April 4th. BMO Capital Markets raised shares of Canadian National Railway to a “market perform” rating and set a $125.00 price target on the stock in a research report on Tuesday, April 30th. They noted that the move was a valuation call. Desjardins lowered shares of Canadian National Railway from a “buy” rating to a “hold” rating and set a $90.32 price target on the stock. in a research report on Friday, April 12th. Goldman Sachs Group started coverage on shares of Canadian National Railway in a research report on Wednesday, July 10th. They set a “neutral” rating and a $97.00 price target on the stock. Finally, Royal Bank of Canada lowered shares of Canadian National Railway from an “outperform” rating to a “sector perform” rating and set a $92.00 price target on the stock. in a research report on Tuesday, April 30th. Ten analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Canadian National Railway presently has a consensus rating of “Hold” and a consensus price target of $98.78.

NYSE:CNI traded down $0.44 during mid-day trading on Thursday, reaching $93.03. 735,336 shares of the company’s stock were exchanged, compared to its average volume of 773,737. Canadian National Railway has a one year low of $70.36 and a one year high of $96.49. The stock has a market capitalization of $68.19 billion, a price-to-earnings ratio of 22.36, a PEG ratio of 1.86 and a beta of 1.03. The business’s fifty day moving average is $93.24. The company has a quick ratio of 0.54, a current ratio of 0.69 and a debt-to-equity ratio of 0.66.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last released its quarterly earnings results on Tuesday, July 23rd. The transportation company reported $1.73 EPS for the quarter, topping analysts’ consensus estimates of $1.26 by $0.47. Canadian National Railway had a net margin of 29.50% and a return on equity of 24.15%. The business had revenue of $3.96 billion for the quarter, compared to analyst estimates of $3.94 billion. During the same period last year, the firm earned $1.51 earnings per share. Canadian National Railway’s revenue for the quarter was up 9.0% compared to the same quarter last year. As a group, analysts expect that Canadian National Railway will post 4.71 earnings per share for the current fiscal year.

Institutional investors have recently made changes to their positions in the business. Tortoise Investment Management LLC acquired a new stake in Canadian National Railway during the first quarter worth about $36,000. Brand Asset Management Group Inc. acquired a new stake in Canadian National Railway during the first quarter worth about $36,000. Somerset Trust Co grew its stake in Canadian National Railway by 158.6% during the first quarter. Somerset Trust Co now owns 437 shares of the transportation company’s stock worth $39,000 after buying an additional 268 shares in the last quarter. CWM LLC grew its stake in Canadian National Railway by 96.0% during the second quarter. CWM LLC now owns 437 shares of the transportation company’s stock worth $40,000 after buying an additional 214 shares in the last quarter. Finally, Icon Wealth Partners LLC acquired a new stake in Canadian National Railway during the first quarter worth about $41,000. Hedge funds and other institutional investors own 54.54% of the company’s stock.

Canadian National Railway Company Profile

Canadian National Railway Company engages in rail and related transportation business. The company transports cargo serving exporters, importers, retailers, farmers, and manufacturers. It operates a network of approximately 20,000 route miles of track spans Canada and mid-America connecting the Atlantic, the Pacific, and the Gulf of Mexico.

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Analyst Recommendations for Canadian National Railway (NYSE:CNI)

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