Canadian National Railway (NYSE:CNI) Upgraded at Citigroup

Canadian National Railway (NYSE:CNI - Get Free Report) TSE: CNR was upgraded by Citigroup from a "neutral" rating to a "buy" rating in a research report issued on Tuesday, MarketBeat Ratings reports. The brokerage currently has a $130.00 price objective on the transportation company's stock, up from their previous price objective of $126.00. Citigroup's price target indicates a potential upside of 16.59% from the company's previous close.

Other analysts have also issued research reports about the stock. Evercore ISI dropped their target price on shares of Canadian National Railway from $119.00 to $116.00 and set an "in-line" rating on the stock in a research report on Wednesday, October 23rd. Sanford C. Bernstein lowered their price target on shares of Canadian National Railway from $130.67 to $126.29 and set a "market perform" rating for the company in a report on Wednesday, October 9th. Wells Fargo & Company upgraded shares of Canadian National Railway from an "equal weight" rating to an "overweight" rating and set a $125.00 target price for the company in a report on Monday, October 7th. The Goldman Sachs Group cut their price objective on shares of Canadian National Railway from $131.00 to $124.00 and set a "sell" rating for the company in a research report on Wednesday, October 9th. Finally, Benchmark reiterated a "hold" rating on shares of Canadian National Railway in a report on Thursday, October 24th. One analyst has rated the stock with a sell rating, fourteen have given a hold rating, four have given a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $125.48.

Canadian National Railway Trading Down 0.1 %

Shares of CNI stock traded down $0.14 during trading hours on Tuesday, reaching $111.50. 517,776 shares of the stock were exchanged, compared to its average volume of 1,113,424. Canadian National Railway has a 12-month low of $107.54 and a 12-month 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 company's 50-day moving average price is $114.58 and its 200-day moving average price is $118.03. The firm has a market capitalization of $70.11 billion, a price-to-earnings ratio of 17.90, a price-to-earnings-growth ratio of 2.49 and a beta of 0.89.

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 (EPS) for the quarter, beating analysts' consensus estimates of $1.70 by $0.02. Canadian National Railway had a net margin of 31.65% and a return on equity of 23.62%. The business had revenue of $4.11 billion for the quarter, compared to analyst estimates of $4.08 billion. During the same quarter in the prior year, the business posted $1.26 EPS. Canadian National Railway's revenue for the quarter was up 3.1% compared to the same quarter last year. As a group, equities analysts anticipate 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 have recently made changes to their positions in CNI. Canada Pension Plan Investment Board boosted its stake in Canadian National Railway by 92.4% during the 1st quarter. Canada Pension Plan Investment Board now owns 4,505,860 shares of the transportation company's stock valued at $593,911,000 after purchasing an additional 2,163,820 shares in the last quarter. Capital International Investors raised its stake in shares of Canadian National Railway by 18.1% in the first quarter. Capital International Investors now owns 9,003,537 shares of the transportation company's stock valued at $1,185,647,000 after acquiring an additional 1,379,976 shares during the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp raised its position in shares of Canadian National Railway by 4,614.6% during the 2nd 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 last quarter. Manning & Napier Advisors LLC acquired a new position in shares of Canadian National Railway in the 2nd quarter valued at $134,096,000. Finally, 1832 Asset Management L.P. grew its holdings in shares of Canadian National Railway by 7.8% in the 2nd quarter. 1832 Asset Management L.P. now owns 9,365,622 shares of the transportation company's stock valued at $1,106,361,000 after acquiring an additional 674,536 shares in the last quarter. Institutional investors and hedge funds 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.