Canadian National Railway (NYSE:CNI) Upgraded at Vertical Research

Canadian National Railway (NYSE:CNI) (TSE:CNR) was upgraded by Vertical Research from a “hold” rating to a “buy” rating in a research note issued on Monday,Finviz reports.

CNI has been the topic of several other reports. Royal Bank Of Canada raised their target price on shares of Canadian National Railway from $148.00 to $158.00 and gave the stock an “outperform” rating in a report on Monday, November 3rd. CIBC raised shares of Canadian National Railway from a “neutral” rating to an “outperformer” rating and increased their price objective for the stock from $146.00 to $151.00 in a research report on Friday, November 28th. Bank of America dropped their price objective on shares of Canadian National Railway from $106.00 to $102.00 and set a “neutral” rating on the stock in a report on Monday, September 29th. Citigroup upped their target price on shares of Canadian National Railway from $119.00 to $120.00 and gave the stock a “buy” rating in a research note on Monday, November 3rd. Finally, Evercore ISI increased their target price on Canadian National Railway from $98.00 to $103.00 and gave the stock an “in-line” rating in a report on Monday, November 3rd. Two equities research analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating, nine have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Canadian National Railway has an average rating of “Moderate Buy” and a consensus price target of $117.36.

Canadian National Railway Stock Performance

CNI stock opened at $100.21 on Monday. Canadian National Railway has a 1-year low of $90.74 and a 1-year high of $108.75. The company has a current ratio of 0.60, a quick ratio of 0.42 and a debt-to-equity ratio of 0.92. The firm has a market cap of $61.67 billion, a PE ratio of 19.02, a P/E/G ratio of 2.08 and a beta of 0.96. The business’s 50-day moving average price is $96.44 and its two-hundred day moving average price is $96.81.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last released its quarterly 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 return on equity of 21.50% and a net margin of 26.86%.The company had revenue of $2.99 billion for the quarter, compared to analyst estimates of $4.15 billion. During the same quarter last year, the firm posted $1.72 earnings per share. Canadian National Railway’s revenue was up 1.3% compared to the same quarter last year. As a group, research analysts forecast that Canadian National Railway will post 5.52 earnings per share for the current year.

Institutional Trading of Canadian National Railway

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Lazard Asset Management LLC raised its holdings in Canadian National Railway by 639,137.0% during the third quarter. Lazard Asset Management LLC now owns 8,955,711 shares of the transportation company’s stock worth $844,353,000 after acquiring an additional 8,954,310 shares in the last quarter. Norges Bank acquired a new position in shares of Canadian National Railway during the 2nd quarter worth approximately $591,904,000. Kingstone Capital Partners Texas LLC acquired a new position in shares of Canadian National Railway during the 2nd quarter worth approximately $310,489,000. Fisher Asset Management LLC bought a new stake in shares of Canadian National Railway during the 2nd quarter worth approximately $189,748,000. Finally, Troy Asset Management Ltd boosted its holdings in shares of Canadian National Railway by 158.8% in the 3rd quarter. Troy Asset Management Ltd now owns 2,738,372 shares of the transportation company’s stock valued at $258,220,000 after buying an additional 1,680,223 shares during the last quarter. Institutional investors and hedge funds own 80.74% of the company’s stock.

Canadian National Railway Company Profile

Canadian National Railway Company (NYSE: CNI) is a Class I freight railway that operates an integrated rail network across Canada and the United States. Headquartered in Montreal, Quebec, CN provides long-haul freight transportation and related logistics services that connect major ports, industrial centers and inland markets throughout North America. Its transcontinental system enables cross-border movement of goods and supports supply chains that span coast-to-coast in Canada and into the central and eastern United States.

CN’s core business is the railborne transportation of a broad mix of commodities, including intermodal container traffic, forest and paper products, grain and other agricultural products, metallurgical and industrial products, petroleum and chemical products, coal and automotive shipments.