Canadian National Railway (NYSE:CNI) Raised to “Buy” at Jefferies Financial Group

Canadian National Railway (NYSE:CNI) (TSE:CNR) was upgraded by analysts at Jefferies Financial Group from a “hold” rating to a “buy” rating in a research note issued to investors on Friday, MarketBeat Ratings reports. The brokerage presently has a $120.00 target price on the transportation company’s stock. Jefferies Financial Group’s price target indicates a potential upside of 20.17% from the stock’s current price.

Other equities analysts have also issued reports about the stock. 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 on the stock in a report on Wednesday, October 9th. Evercore ISI raised shares of Canadian National Railway from a “hold” rating to a “strong-buy” rating in a research note on Thursday, December 19th. Bank of America cut their target price on Canadian National Railway from $119.00 to $112.00 and set a “neutral” rating for the company in a research note on Wednesday. Susquehanna decreased their price target on Canadian National Railway from $125.00 to $115.00 and set a “neutral” rating on the stock in a research note on Wednesday. Finally, Stifel Nicolaus upped their price objective on Canadian National Railway from $130.00 to $132.00 and gave the stock a “hold” rating in a research report on Wednesday, October 23rd. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating, six have given a buy rating and three have given a strong buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $125.94.

Canadian National Railway Trading Down 2.5 %

Shares of CNI stock opened at $99.86 on Friday. The stock has a market cap of $62.83 billion, a P/E ratio of 16.00, a price-to-earnings-growth ratio of 2.43 and a beta of 0.91. Canadian National Railway has a 1 year low of $98.96 and a 1 year high of $134.02. The company has a current ratio of 0.64, a quick ratio of 0.49 and a debt-to-equity ratio of 0.96. The stock has a 50 day simple moving average of $106.41 and a 200 day simple moving average of $112.46.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last released its earnings results on Tuesday, October 22nd. The transportation company reported $1.72 earnings per share for the quarter, beating analysts’ consensus estimates of $1.70 by $0.02. The firm had revenue of $4.11 billion during the quarter, compared to the consensus estimate of $4.08 billion. Canadian National Railway had a return on equity of 23.62% and a net margin of 31.65%. The company’s revenue was up 3.1% compared to the same quarter last year. During the same period in the prior year, the company posted $1.26 EPS. On average, research analysts predict that Canadian National Railway will post 5.31 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Canadian National Railway

Several large investors have recently modified their holdings of the business. XTX Topco Ltd increased its holdings in Canadian National Railway by 43.3% in the third quarter. XTX Topco Ltd now owns 15,552 shares of the transportation company’s stock valued at $1,822,000 after purchasing an additional 4,698 shares during the period. Unigestion Holding SA grew its position in shares of Canadian National Railway by 363.6% in the 3rd quarter. Unigestion Holding SA now owns 153,880 shares of the transportation company’s stock valued at $18,012,000 after buying an additional 120,687 shares during the last quarter. Principal Financial Group Inc. increased its stake in shares of Canadian National Railway by 29.6% in the third quarter. Principal Financial Group Inc. now owns 92,300 shares of the transportation company’s stock valued at $10,820,000 after buying an additional 21,100 shares during the period. Connor Clark & Lunn Investment Management Ltd. raised its position in shares of Canadian National Railway by 5.4% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 3,962,972 shares of the transportation company’s stock worth $464,002,000 after acquiring an additional 202,303 shares during the last quarter. Finally, Partners Group Holding AG lifted its stake in shares of Canadian National Railway by 16.3% in the third quarter. Partners Group Holding AG now owns 406,066 shares of the transportation company’s stock worth $47,571,000 after acquiring an additional 56,849 shares during the period. Institutional investors own 80.74% of the company’s stock.

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.