Canadian National Railway (NYSE:CNI) Earns Hold Rating from Benchmark

Canadian National Railway (NYSE:CNI - Get Free Report) TSE: CNR's stock had its "hold" rating reiterated by investment analysts at Benchmark in a research note issued to investors on Thursday, Benzinga reports.

Several other research firms have also issued reports on CNI. Barclays raised their price target on shares of Canadian National Railway from $120.00 to $121.00 and gave the stock an "equal weight" rating in a report on Wednesday, September 25th. Stifel Nicolaus upped their price target on shares of Canadian National Railway from $130.00 to $132.00 and gave the company a "hold" rating in a research report on Wednesday. Susquehanna lowered their price objective on Canadian National Railway from $130.00 to $125.00 and set a "neutral" rating for the company in a research report on Wednesday. Citigroup upped their target price on Canadian National Railway from $125.00 to $126.00 and gave the company a "neutral" rating in a research report on Thursday. Finally, Royal Bank of Canada raised Canadian National Railway from a "sector perform" rating to an "outperform" rating in a research note on Thursday, October 10th. One analyst has rated the stock with a sell rating, fifteen have given a hold rating, three have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company has an average rating of "Hold" and a consensus target price of $125.18.

Canadian National Railway Stock Performance

Canadian National Railway stock traded down $1.17 during mid-day trading on Thursday, hitting $110.82. 1,749,117 shares of the company's stock traded hands, compared to its average volume of 1,114,671. The company has a debt-to-equity ratio of 0.93, a current ratio of 0.63 and a quick ratio of 0.48. The firm has a 50 day simple moving average of $116.02 and a two-hundred day simple moving average of $119.72. Canadian National Railway has a fifty-two week low of $103.96 and a fifty-two week high of $134.02. The stock has a market cap of $69.79 billion, a price-to-earnings ratio of 17.76, a P/E/G ratio of 2.50 and a beta of 0.88.

Canadian National Railway (NYSE:CNI - Get Free Report) TSE: CNR last issued its quarterly earnings data 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. Canadian National Railway had a return on equity of 23.49% and a net margin of 31.65%. The company had revenue of $4.11 billion during the quarter, compared to analysts' expectations of $4.08 billion. During the same quarter in the previous year, the company posted $1.26 earnings per share. The business's revenue was up 3.1% on a year-over-year basis. On average, research analysts expect that Canadian National Railway will post 5.5 EPS for the current fiscal year.

Institutional Investors Weigh In On Canadian National Railway

Several institutional investors have recently bought and sold shares of CNI. Canada Pension Plan Investment Board boosted its holdings 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 worth $593,911,000 after acquiring an additional 2,163,820 shares during the last quarter. Capital International Investors lifted its holdings in Canadian National Railway by 18.1% during the first quarter. Capital International Investors now owns 9,003,537 shares of the transportation company's stock worth $1,185,647,000 after acquiring an additional 1,379,976 shares during the period. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp boosted its position in 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 worth $157,896,000 after purchasing an additional 1,307,689 shares during the last quarter. Manning & Napier Advisors LLC bought a new position in Canadian National Railway in the 2nd quarter valued at $134,096,000. Finally, 1832 Asset Management L.P. increased its position 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 valued at $1,106,361,000 after purchasing an additional 674,536 shares during the last quarter. Institutional investors own 80.74% of the company's stock.

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.