Canadian National Railway (CNI) Receives “Hold” Rating from Barclays

Canadian National Railway (NYSE:CNI) (TSE:CNR)‘s stock had its “hold” rating restated by investment analysts at Barclays in a report issued on Wednesday. They currently have a $88.00 price objective on the transportation company’s stock. Barclays’ price target points to a potential downside of 1.79% from the stock’s previous close.

CNI has been the topic of several other research reports. Deutsche Bank raised Canadian National Railway from a “hold” rating to a “buy” rating and raised their price objective for the stock from $81.00 to $95.00 in a report on Monday, July 9th. Citigroup upgraded shares of Canadian National Railway from a “neutral” rating to a “buy” rating and set a $100.00 target price for the company in a research note on Tuesday. BMO Capital Markets downgraded shares of Canadian National Railway from an “outperform” rating to a “market perform” rating in a research note on Wednesday, September 5th. They noted that the move was a valuation call. ValuEngine downgraded shares of Canadian National Railway from a “buy” rating to a “hold” rating in a research note on Thursday, August 2nd. Finally, Credit Suisse Group increased their target price on shares of Canadian National Railway from $85.00 to $89.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 25th. Eleven analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. Canadian National Railway currently has a consensus rating of “Buy” and an average price target of $91.71.

Shares of CNI stock opened at $89.60 on Wednesday. The stock has a market cap of $64.49 billion, a price-to-earnings ratio of 23.29, a PEG ratio of 2.27 and a beta of 1.05. Canadian National Railway has a 1 year low of $70.59 and a 1 year high of $90.57. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.52 and a current ratio of 0.64.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last issued its quarterly earnings data on Tuesday, July 24th. The transportation company reported $1.51 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.05 by $0.46. The company had revenue of $3.63 billion for the quarter, compared to analyst estimates of $3.57 billion. Canadian National Railway had a return on equity of 22.90% and a net margin of 42.08%. The business’s quarterly revenue was up 9.1% compared to the same quarter last year. During the same quarter last year, the company posted $1.34 earnings per share. analysts predict that Canadian National Railway will post 4.16 earnings per share for the current year.

Institutional investors and hedge funds have recently made changes to their positions in the company. Bridgewater Associates LP boosted its stake in shares of Canadian National Railway by 271.9% during the second quarter. Bridgewater Associates LP now owns 301,682 shares of the transportation company’s stock worth $24,661,000 after buying an additional 220,570 shares during the period. Ontario Teachers Pension Plan Board lifted its position in Canadian National Railway by 259.6% in the second quarter. Ontario Teachers Pension Plan Board now owns 238,557 shares of the transportation company’s stock valued at $19,513,000 after purchasing an additional 172,221 shares during the period. Bank of Nova Scotia lifted its position in Canadian National Railway by 4.5% in the second quarter. Bank of Nova Scotia now owns 2,741,220 shares of the transportation company’s stock valued at $223,356,000 after purchasing an additional 117,340 shares during the period. Guyasuta Investment Advisors Inc. acquired a new stake in Canadian National Railway in the second quarter valued at about $213,000. Finally, Cumberland Partners Ltd acquired a new stake in Canadian National Railway in the second quarter valued at about $1,283,000. Institutional investors and hedge funds own 53.99% of the company’s stock.

About Canadian National Railway

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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