Canadian National Railway Co. (NYSE:CNI) was downgraded by equities research analysts at Raymond James Financial Inc. from an “outperform” rating to a “market perform” rating in a research note issued on Monday.

A number of other research analysts have also issued reports on the stock. Vertical Research began coverage on shares of Canadian National Railway in a research note on Tuesday, October 11th. They set a “hold” rating for the company. TD Securities restated a “hold” rating and set a $90.00 price target on shares of Canadian National Railway in a research report on Saturday, October 8th. Scotiabank restated a “sector perform” rating and set a $87.00 price target on shares of Canadian National Railway in a research report on Sunday, October 2nd. Loop Capital started coverage on shares of Canadian National Railway in a research report on Monday, September 26th. They set a “hold” rating and a $64.00 price target on the stock. Finally, Citigroup Inc. boosted their price target on shares of Canadian National Railway from $61.00 to $66.00 and gave the stock a “neutral” rating in a research report on Tuesday, September 13th. Two research analysts have rated the stock with a sell rating, fourteen have issued a hold rating and nine have issued a buy rating to the stock. Canadian National Railway has a consensus rating of “Hold” and an average target price of $74.16.

Analyst Recommendations for Canadian National Railway (NYSE:CNI)

Canadian National Railway (NYSE:CNI) traded down 0.20% during mid-day trading on Monday, hitting $66.19. 123,527 shares of the stock traded hands. Canadian National Railway has a 12-month low of $46.23 and a 12-month high of $67.66. The firm has a market cap of $51.07 billion, a PE ratio of 19.29 and a beta of 1.10. The stock has a 50 day moving average price of $64.69 and a 200 day moving average price of $62.09.

Canadian National Railway (NYSE:CNI) last posted its earnings results on Monday, July 25th. The company reported $1.11 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.09 by $0.02. The firm earned $2.84 billion during the quarter, compared to analyst estimates of $3 billion. Canadian National Railway had a net margin of 29.55% and a return on equity of 24.13%. Canadian National Railway’s revenue was down 9.1% on a year-over-year basis. During the same period in the previous year, the business posted $1.15 EPS. On average, analysts expect that Canadian National Railway will post $3.41 earnings per share for the current fiscal year.

The company also recently disclosed a dividend, which was paid on Friday, September 30th. Stockholders of record on Friday, September 9th were paid a $0.288 dividend. The ex-dividend date of this dividend was Wednesday, September 7th. Canadian National Railway’s payout ratio is 33.43%.

Several hedge funds have recently modified their holdings of the company. Kistler Tiffany Companies LLC boosted its stake in shares of Canadian National Railway by 81.9% in the second quarter. Kistler Tiffany Companies LLC now owns 1,699 shares of the company’s stock worth $100,000 after buying an additional 765 shares during the last quarter. Pinkerton Retirement Specialists LLC purchased a new stake in shares of Canadian National Railway during the second quarter worth $104,000. Carroll Financial Associates Inc. boosted its stake in shares of Canadian National Railway by 8.8% in the third quarter. Carroll Financial Associates Inc. now owns 1,638 shares of the company’s stock worth $107,000 after buying an additional 132 shares during the last quarter. Bessemer Group Inc. boosted its stake in shares of Canadian National Railway by 119.4% in the first quarter. Bessemer Group Inc. now owns 1,968 shares of the company’s stock worth $123,000 after buying an additional 1,071 shares during the last quarter. Finally, Armbruster Capital Management Inc. boosted its stake in shares of Canadian National Railway by 57.1% in the second quarter. Armbruster Capital Management Inc. now owns 2,200 shares of the company’s stock worth $130,000 after buying an additional 800 shares during the last quarter. Institutional investors and hedge funds own 56.12% of the company’s stock.

Canadian National Railway Company Profile

Canadian National Railway Co is engaged in the rail and related transportation business. The Company’s network of approximately 20,000 route miles of track spans Canada and mid-America, connecting approximately three coasts, including the Atlantic, the Pacific and the Gulf of Mexico. The Company’s freight includes approximately seven commodity groups, such as petroleum and chemicals, metals and minerals, forest products, coal, grain and fertilizers, intermodal and automotive.

5 Day Chart for NYSE:CNI

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