Canadian National Railway’s (CNI) Hold Rating Reiterated at Benchmark

Canadian National Railway (NYSE:CNI) (TSE:CNR)‘s stock had its “hold” rating reaffirmed by investment analysts at Benchmark in a research note issued on Thursday, Benzinga reports.

Several other equities analysts have also recently weighed in on the stock. Evercore ISI decreased their price target on shares of Canadian National Railway from $119.00 to $116.00 and set an “in-line” rating for the company in a research note on Wednesday. The Goldman Sachs Group decreased their target price on shares of Canadian National Railway from $131.00 to $124.00 and set a “sell” rating for the company in a research report on Wednesday, October 9th. Stifel Nicolaus boosted their price target on shares of Canadian National Railway from $130.00 to $132.00 and gave the stock a “hold” rating in a research report on Wednesday. Stephens restated an “equal weight” rating and issued a $116.00 price objective on shares of Canadian National Railway in a report on Wednesday. Finally, Barclays lifted their target price on Canadian National Railway from $120.00 to $121.00 and gave the company an “equal weight” rating in a research report on Wednesday, September 25th. One investment analyst has rated the stock with a sell rating, fifteen have issued a hold rating, three have assigned a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $125.18.

Canadian National Railway Trading Up 0.1 %

Shares of NYSE:CNI opened at $110.96 on Thursday. The firm has a market cap of $69.88 billion, a price-to-earnings ratio of 17.83, a PEG ratio of 2.50 and a beta of 0.88. The company has a quick ratio of 0.48, a current ratio of 0.63 and a debt-to-equity ratio of 0.93. Canadian National Railway has a 12 month low of $103.96 and a 12 month high of $134.02. The company’s fifty day simple moving average is $115.97 and its 200 day simple moving average is $119.66.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last issued its quarterly earnings results on Tuesday, October 22nd. The transportation company reported $1.72 EPS for the quarter, beating analysts’ consensus estimates of $1.70 by $0.02. The company had revenue of $4.11 billion for the quarter, compared to analyst estimates of $4.08 billion. Canadian National Railway had a return on equity of 23.49% and a net margin of 31.65%. The company’s quarterly revenue was up 3.1% compared to the same quarter last year. During the same period in the previous year, the company posted $1.26 earnings per share. As a group, research analysts forecast that Canadian National Railway will post 5.5 EPS for the current fiscal year.

Institutional Investors Weigh In On Canadian National Railway

Several institutional investors have recently made changes to their positions in CNI. Canada Pension Plan Investment Board lifted its position in shares of Canadian National Railway by 92.4% during the 1st quarter. Canada Pension Plan Investment Board now owns 4,505,860 shares of the transportation company’s stock valued at $593,911,000 after acquiring an additional 2,163,820 shares during the period. Capital International Investors raised its stake in Canadian National Railway by 18.1% in the first quarter. Capital International Investors now owns 9,003,537 shares of the transportation company’s stock valued at $1,185,647,000 after purchasing an additional 1,379,976 shares in the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp lifted its position in Canadian National Railway by 4,614.6% during the second quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 1,336,027 shares of the transportation company’s stock worth $157,896,000 after purchasing an additional 1,307,689 shares during the period. Manning & Napier Advisors LLC acquired a new stake in Canadian National Railway during the second quarter worth about $134,096,000. Finally, 1832 Asset Management L.P. grew its stake in Canadian National Railway by 7.8% during the second quarter. 1832 Asset Management L.P. now owns 9,365,622 shares of the transportation company’s stock worth $1,106,361,000 after buying an additional 674,536 shares in the last quarter. 80.74% of the stock is currently owned by institutional investors.

About Canadian National Railway

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.