Canadian National Railway (NYSE:CNI) Lifted to Strong-Buy at Veritas

Canadian National Railway (NYSE:CNI - Get Free Report) TSE: CNR was upgraded by equities research analysts at Veritas from a "hold" rating to a "strong-buy" rating in a research note issued to investors on Wednesday, Zacks.com reports.

Several other research firms have also weighed in on CNI. Barclays increased their price target on shares of Canadian National Railway from $120.00 to $121.00 and gave the company an "equal weight" rating in a research report on Wednesday, September 25th. National Bank Financial raised shares of Canadian National Railway from a "sector perform" rating to an "outperform" rating in a research report on Thursday, June 27th. Wells Fargo & Company raised shares of Canadian National Railway from an "equal weight" rating to an "overweight" rating and set a $125.00 price target on the stock in a report on Monday, October 7th. Stephens reaffirmed an "equal weight" rating and set a $116.00 price objective on shares of Canadian National Railway in a report on Wednesday. Finally, Evercore ISI lowered 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 report on Wednesday. One analyst has rated the stock with a sell rating, fifteen have assigned a hold rating, three have assigned a buy rating and two have given a strong buy rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $125.18.

Canadian National Railway Stock Up 0.1 %

NYSE CNI traded up $0.14 on Wednesday, reaching $110.96. The company had a trading volume of 1,099,194 shares, compared to its average volume of 1,114,600. The company has a quick ratio of 0.48, a current ratio of 0.63 and a debt-to-equity ratio of 0.93. The company's fifty day moving average is $115.97 and its 200 day moving average is $119.66. Canadian National Railway has a 52-week low of $103.96 and a 52-week high of $134.02. The stock has a market capitalization of $69.88 billion, a P/E ratio of 17.83, 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 announced its earnings results on Tuesday, October 22nd. The transportation company reported $1.72 EPS for the quarter, beating the consensus estimate of $1.70 by $0.02. The company had revenue of $4.11 billion during the quarter, compared to the consensus estimate of $4.08 billion. Canadian National Railway had a net margin of 31.65% and a return on equity of 23.49%. The firm's revenue for the quarter was up 3.1% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.26 earnings per share. Sell-side analysts anticipate that Canadian National Railway will post 5.5 earnings per share for the current fiscal year.

Institutional Trading of Canadian National Railway

Several institutional investors and hedge funds have recently made changes to their positions in CNI. Thurston Springer Miller Herd & Titak Inc. purchased a new position in shares of Canadian National Railway during the 2nd quarter valued at about $26,000. Addison Advisors LLC lifted its holdings in shares of Canadian National Railway by 159.1% in the 2nd quarter. Addison Advisors LLC now owns 241 shares of the transportation company's stock worth $28,000 after acquiring an additional 148 shares during the last quarter. Fortitude Family Office LLC boosted its stake in shares of Canadian National Railway by 738.7% in the 3rd quarter. Fortitude Family Office LLC now owns 260 shares of the transportation company's stock valued at $30,000 after purchasing an additional 229 shares in the last quarter. ORG Partners LLC bought a new position in shares of Canadian National Railway during the 2nd quarter valued at $34,000. Finally, Daiwa Securities Group Inc. bought a new position in shares of Canadian National Railway during the 1st quarter valued at $64,000. Hedge funds and other 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.