Canadian National Railway’s (CNI) “Hold” Rating Reaffirmed at Benchmark

Benchmark reissued their hold rating on shares of Canadian National Railway (NYSE:CNI) (TSE:CNR) in a report issued on Wednesday morning, Benzinga reports.

A number of other research analysts also recently weighed in on CNI. Barclays increased their target price on Canadian National Railway from $127.00 to $130.00 and gave the company an equal weight rating in a report on Thursday, April 4th. Susquehanna upped their price target on Canadian National Railway from $140.00 to $142.00 and gave the stock a neutral rating in a research report on Wednesday. Stephens upped their price target on Canadian National Railway from $122.00 to $135.00 and gave the stock an equal weight rating in a research report on Thursday, January 4th. CIBC cut Canadian National Railway from a sector outperform rating to a neutral rating in a research report on Wednesday, January 10th. Finally, TD Securities cut Canadian National Railway from a buy rating to a hold rating in a research report on Monday, January 8th. Eighteen investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of Hold and a consensus target price of $147.86.

Canadian National Railway Stock Down 5.1 %

CNI stock opened at $122.80 on Wednesday. Canadian National Railway has a fifty-two week low of $103.96 and a fifty-two week high of $134.02. The business’s 50-day moving average is $129.68 and its two-hundred day moving average is $122.20. The company has a debt-to-equity ratio of 0.80, a quick ratio of 0.47 and a current ratio of 0.61. The company has a market cap of $78.43 billion, a price-to-earnings ratio of 19.59, a P/E/G ratio of 2.26 and a beta of 0.88.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last posted its earnings results on Tuesday, January 23rd. The transportation company reported $1.48 earnings per share for the quarter, beating analysts’ consensus estimates of $1.46 by $0.02. Canadian National Railway had a return on equity of 23.17% and a net margin of 32.81%. The company had revenue of $3.28 billion for the quarter, compared to the consensus estimate of $3.25 billion. As a group, analysts forecast that Canadian National Railway will post 5.93 earnings per share for the current year.

Hedge Funds Weigh In On Canadian National Railway

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in CNI. Bfsg LLC boosted its stake in Canadian National Railway by 110.5% during the first quarter. Bfsg LLC now owns 200 shares of the transportation company’s stock valued at $26,000 after buying an additional 105 shares during the last quarter. GAMMA Investing LLC boosted its stake in Canadian National Railway by 766.7% during the first quarter. GAMMA Investing LLC now owns 234 shares of the transportation company’s stock valued at $31,000 after buying an additional 207 shares during the last quarter. JFS Wealth Advisors LLC boosted its stake in Canadian National Railway by 241.1% during the third quarter. JFS Wealth Advisors LLC now owns 324 shares of the transportation company’s stock valued at $35,000 after buying an additional 229 shares during the last quarter. EverSource Wealth Advisors LLC boosted its stake in Canadian National Railway by 121.0% during the third quarter. EverSource Wealth Advisors LLC now owns 369 shares of the transportation company’s stock valued at $40,000 after buying an additional 202 shares during the last quarter. Finally, Rational Advisors LLC bought a new stake in shares of Canadian National Railway in the 3rd quarter valued at approximately $41,000. 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.