Canadian National Railway (NYSE:CNI) Stock Rating Upgraded by Stifel Nicolaus

Canadian National Railway (NYSE:CNI) (TSE:CNR) was upgraded by research analysts at Stifel Nicolaus from a “hold” rating to a “buy” rating in a research note issued to investors on Thursday, MarketBeat.com reports. The brokerage currently has a $120.00 price objective on the transportation company’s stock, down from their previous price objective of $132.00. Stifel Nicolaus’ price target indicates a potential upside of 18.18% from the stock’s previous close.

A number of other research firms have also weighed in on CNI. Benchmark reiterated a “hold” rating on shares of Canadian National Railway in a research note on Thursday, October 24th. The Goldman Sachs Group decreased their price target on Canadian National Railway from $131.00 to $124.00 and set a “sell” rating for the company in a report on Wednesday, October 9th. TD Securities raised Canadian National Railway from a “hold” rating to a “strong-buy” rating in a report on Monday, January 13th. Evercore ISI upgraded shares of Canadian National Railway from a “hold” rating to a “strong-buy” rating in a research note on Thursday, December 19th. Finally, Susquehanna lowered their price target on shares of Canadian National Railway from $125.00 to $115.00 and set a “neutral” rating on the stock in a report on Wednesday, January 8th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating, seven have issued a buy rating and four have assigned a strong buy rating to the stock. According to data from MarketBeat.com, Canadian National Railway presently has an average rating of “Moderate Buy” and an average price target of $124.02.

Canadian National Railway Stock Performance

Shares of CNI stock opened at $101.54 on Thursday. The business has a fifty day moving average of $105.62 and a 200 day moving average of $112.02. Canadian National Railway has a 1 year low of $98.96 and a 1 year high of $134.02. The company has a debt-to-equity ratio of 0.96, a current ratio of 0.64 and a quick ratio of 0.49. The firm has a market capitalization of $63.85 billion, a price-to-earnings ratio of 16.27, a price-to-earnings-growth ratio of 2.21 and a beta of 0.91.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last posted its quarterly earnings results on Tuesday, October 22nd. The transportation company reported $1.72 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.70 by $0.02. The company had revenue of $4.11 billion during the quarter, compared to analyst estimates of $4.08 billion. Canadian National Railway had a net margin of 31.65% and a return on equity of 23.62%. Canadian National Railway’s revenue for the quarter was up 3.1% compared to the same quarter last year. During the same period last year, the firm posted $1.26 EPS. As a group, research analysts expect that Canadian National Railway will post 5.21 earnings per share for the current year.

Hedge Funds Weigh In On Canadian National Railway

Several hedge funds and other institutional investors have recently added to or reduced their stakes in CNI. Fortitude Family Office LLC raised its position in shares of Canadian National Railway by 738.7% in the third quarter. Fortitude Family Office LLC now owns 260 shares of the transportation company’s stock valued at $30,000 after buying an additional 229 shares during the last quarter. Coastline Trust Co acquired a new stake in shares of Canadian National Railway in the third quarter valued at about $34,000. Thurston Springer Miller Herd & Titak Inc. raised its position in shares of Canadian National Railway by 48.2% in the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 332 shares of the transportation company’s stock valued at $34,000 after buying an additional 108 shares during the last quarter. Reston Wealth Management LLC acquired a new stake in shares of Canadian National Railway in the third quarter valued at about $41,000. Finally, Sanctuary Wealth Management L.L.C. acquired a new stake in shares of Canadian National Railway in the third quarter valued at about $56,000. 80.74% of the stock is owned by hedge funds and other institutional investors.

Canadian National Railway Company Profile

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.