Evercore ISI Upgrades Canadian National Railway (NYSE:CNI) to "Strong-Buy"

Canadian National Railway (NYSE:CNI - Get Free Report) TSE: CNR was upgraded by research analysts at Evercore ISI from a "hold" rating to a "strong-buy" rating in a research report issued to clients and investors on Thursday,Zacks.com reports.

Several other analysts have also issued reports on the company. Susquehanna cut their price target on Canadian National Railway from $130.00 to $125.00 and set a "neutral" rating for the company in a report on Wednesday, October 23rd. Bank of America lowered shares of Canadian National Railway from a "buy" rating to a "neutral" rating and reduced their target price for the stock from $129.00 to $122.00 in a report on Friday, October 4th. Citigroup raised shares of Canadian National Railway from a "neutral" rating to a "buy" rating and lifted their price target for the company from $126.00 to $130.00 in a report on Tuesday, November 12th. Barclays increased their price objective on shares of Canadian National Railway from $120.00 to $121.00 and gave the stock an "equal weight" rating in a research note on Wednesday, September 25th. Finally, Stifel Nicolaus lifted their target price on shares of Canadian National Railway from $130.00 to $132.00 and gave the company a "hold" rating in a research note on Wednesday, October 23rd. One analyst has rated the stock with a sell rating, twelve have given a hold rating, four have assigned a buy rating and three have issued a strong buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of $125.86.

Canadian National Railway Stock Performance

Shares of CNI traded up $0.55 on Thursday, reaching $101.17. The company's stock had a trading volume of 1,847,193 shares, compared to its average volume of 1,149,953. The stock's 50 day simple moving average is $109.36 and its two-hundred day simple moving average is $114.54. 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 stock has a market capitalization of $63.65 billion, a P/E ratio of 16.21, a PEG ratio of 2.43 and a beta of 0.89. Canadian National Railway has a 12-month low of $99.90 and a 12-month high of $134.02.

Canadian National Railway (NYSE:CNI - Get Free Report) TSE: CNR last issued its quarterly earnings results on Tuesday, October 22nd. The transportation company reported $1.72 earnings per share for the quarter, topping the consensus estimate of $1.70 by $0.02. The business had revenue of $4.11 billion for the quarter, compared to analysts' expectations of $4.08 billion. Canadian National Railway had a net margin of 31.65% and a return on equity of 23.62%. The company's revenue was up 3.1% compared to the same quarter last year. During the same quarter last year, the company posted $1.26 EPS. Research analysts forecast that Canadian National Railway will post 5.31 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Canadian National Railway

Large investors have recently added to or reduced their stakes in the stock. National Bank of Canada FI boosted its holdings in shares of Canadian National Railway by 46.5% in the 3rd quarter. National Bank of Canada FI now owns 6,737,322 shares of the transportation company's stock worth $789,030,000 after purchasing an additional 2,137,948 shares during the period. Point72 Asset Management L.P. bought a new position in Canadian National Railway during the third quarter valued at $159,907,000. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp raised its stake in shares of Canadian National Railway by 4,614.6% in the second quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 1,336,027 shares of the transportation company's stock valued at $157,896,000 after acquiring an additional 1,307,689 shares during the period. Wellington Management Group LLP lifted its holdings in shares of Canadian National Railway by 4.4% in the 3rd quarter. Wellington Management Group LLP now owns 18,562,189 shares of the transportation company's stock worth $2,175,935,000 after acquiring an additional 790,420 shares during the last quarter. Finally, 1832 Asset Management L.P. boosted its stake in shares of Canadian National Railway by 7.8% during the 2nd quarter. 1832 Asset Management L.P. now owns 9,365,622 shares of the transportation company's stock worth $1,106,361,000 after purchasing an additional 674,536 shares during the period. 80.74% of the stock is owned by institutional investors.

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.