Canadian National Railway (NYSE:CNI) Cut to “Hold” at Raymond James Financial

Canadian National Railway (NYSE:CNI) (TSE:CNR) was downgraded by research analysts at Raymond James Financial from a “moderate buy” rating to a “hold” rating in a research note issued to investors on Monday, Zacks reports.

Other analysts also recently issued research reports about the stock. Evercore raised shares of Canadian National Railway from an “in-line” rating to an “outperform” rating and upped their price target for the stock from $108.00 to $124.00 in a report on Thursday, June 25th. Weiss Ratings upgraded shares of Canadian National Railway from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Thursday, August 13th. Citigroup decreased their price objective on shares of Canadian National Railway from $151.00 to $143.00 and set a “buy” rating on the stock in a research note on Wednesday, October 7th. Stephens upgraded shares of Canadian National Railway to a “hold” rating in a research report on Wednesday, July 8th. Finally, Royal Bank Of Canada boosted their price objective on shares of Canadian National Railway from $195.00 to $205.00 and gave the company an “outperform” rating in a research report on Monday, July 27th. Nine research analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the stock. Based on data from MarketBeat.com, Canadian National Railway currently has an average rating of “Hold” and an average price target of $137.49.

Canadian National Railway Trading Down 1.4%

CNI opened at $120.12 on Monday. Canadian National Railway has a twelve month low of $90.74 and a twelve month high of $131.55. The company has a 50-day simple moving average of $122.23 and a 200 day simple moving average of $119.26. The company has a quick ratio of 0.61, a current ratio of 0.87 and a debt-to-equity ratio of 0.99. The stock has a market capitalization of $72.38 billion, a price-to-earnings ratio of 21.63, a P/E/G ratio of 2.18 and a beta of 0.96.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last released its earnings results on Friday, July 24th. The transportation company reported $1.50 EPS for the quarter, beating the consensus estimate of $1.39 by $0.11. Canadian National Railway had a net margin of 26.92% and a return on equity of 22.22%. The firm had revenue of $3.35 billion for the quarter, compared to analyst estimates of $3.26 billion. During the same period last year, the firm earned $1.87 EPS. The business’s quarterly revenue was up 11.3% compared to the same quarter last year. Analysts predict that Canadian National Railway will post 5.80 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of CNI. Sumitomo Mitsui DS Asset Management Company Ltd lifted its holdings in shares of Canadian National Railway by 1.2% in the third quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 9,968 shares of the transportation company’s stock worth $1,185,000 after acquiring an additional 120 shares during the last quarter. Cordatus Wealth Management LLC boosted its stake in shares of Canadian National Railway by 1.8% in the 3rd quarter. Cordatus Wealth Management LLC now owns 7,900 shares of the transportation company’s stock valued at $939,000 after purchasing an additional 143 shares in the last quarter. Gold Investment Management Ltd. boosted its stake in shares of Canadian National Railway by 1.0% in the 3rd quarter. Gold Investment Management Ltd. now owns 57,181 shares of the transportation company’s stock valued at $6,806,000 after purchasing an additional 552 shares in the last quarter. Brown Lisle Cummings Inc. boosted its stake in shares of Canadian National Railway by 0.8% in the 3rd quarter. Brown Lisle Cummings Inc. now owns 55,358 shares of the transportation company’s stock valued at $6,582,000 after purchasing an additional 430 shares in the last quarter. Finally, Birch Hill Investment Advisors LLC bought a new stake in shares of Canadian National Railway during the 3rd quarter valued at approximately $314,000. Institutional investors own 80.74% of the company’s stock.

About Canadian National Railway

Canadian National Railway Company (NYSE: CNI) is a transportation and logistics company that operates a major freight railway network across Canada and the United States. The company provides rail, intermodal and related transportation services for shippers, connecting production and consumption centers with ports and distribution hubs.

CN transports a broad range of commodities and manufactured goods, including petroleum and chemicals, grain and fertilizers, forest products, metals and minerals, coal, automotive products and consumer goods.