Citigroup Upgrades Canadian National Railway (NYSE:CNI) to Buy

Canadian National Railway (NYSE:CNI) (TSE:CNR) was upgraded by research analysts at Citigroup from a “neutral” rating to a “buy” rating in a research report issued to clients and investors on Tuesday, Marketbeat.com reports. The brokerage presently has a $130.00 target price on the transportation company’s stock, up from their previous target price of $126.00. Citigroup’s target price would suggest a potential upside of 16.67% from the company’s previous close.

CNI has been the topic of a number of other reports. Susquehanna dropped their price target on shares of Canadian National Railway from $130.00 to $125.00 and set a “neutral” rating on the stock in a research note on Wednesday, October 23rd. Sanford C. Bernstein lowered their target price on shares of Canadian National Railway from $130.67 to $126.29 and set a “market perform” rating on the stock in a research report on Wednesday, October 9th. Stifel Nicolaus upped their target price on shares of Canadian National Railway from $130.00 to $132.00 and gave the stock a “hold” rating in a research report on Wednesday, October 23rd. Benchmark reaffirmed a “hold” rating on shares of Canadian National Railway in a report on Thursday, October 24th. Finally, The Goldman Sachs Group reduced their price target on shares of Canadian National Railway from $131.00 to $124.00 and set a “sell” rating on the stock in a report on Wednesday, October 9th. One equities research analyst has rated the stock with a sell rating, fourteen have assigned a hold rating, four have issued a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, Canadian National Railway presently has a consensus rating of “Hold” and an average target price of $125.48.

Canadian National Railway Stock Down 0.1 %

Shares of NYSE:CNI opened at $111.43 on Tuesday. Canadian National Railway has a 1 year low of $107.54 and a 1 year high of $134.02. The firm has a market capitalization of $70.07 billion, a PE ratio of 17.86, a price-to-earnings-growth ratio of 2.52 and a beta of 0.89. 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 firm’s 50-day moving average is $114.46 and its two-hundred day moving average is $117.93.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last announced its quarterly earnings results on Tuesday, October 22nd. The transportation company reported $1.72 earnings per share 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 firm had revenue of $4.11 billion during the quarter, compared to analysts’ expectations of $4.08 billion. During the same period in the previous year, the company earned $1.26 earnings per share. Canadian National Railway’s quarterly revenue was up 3.1% compared to the same quarter last year. Analysts predict that Canadian National Railway will post 5.49 EPS for the current year.

Institutional Investors Weigh In On Canadian National Railway

A number of large investors have recently added to or reduced their stakes in the company. Bridgewater Associates LP grew its holdings in Canadian National Railway by 10.2% during the 3rd quarter. Bridgewater Associates LP now owns 51,720 shares of the transportation company’s stock valued at $6,063,000 after purchasing an additional 4,795 shares in the last quarter. Townsquare Capital LLC bought a new position in Canadian National Railway during the 3rd quarter valued at $240,000. BNP Paribas Financial Markets boosted its stake in Canadian National Railway by 32.3% during the 3rd quarter. BNP Paribas Financial Markets now owns 116,781 shares of the transportation company’s stock valued at $13,681,000 after acquiring an additional 28,517 shares during the last quarter. Partners Group Holding AG boosted its stake in Canadian National Railway by 16.3% during the 3rd quarter. Partners Group Holding AG now owns 406,066 shares of the transportation company’s stock valued at $47,571,000 after acquiring an additional 56,849 shares during the last quarter. Finally, Quantbot Technologies LP boosted its stake in Canadian National Railway by 25.0% during the 3rd quarter. Quantbot Technologies LP now owns 57,484 shares of the transportation company’s stock valued at $6,734,000 after acquiring an additional 11,483 shares during the last quarter. 80.74% of the stock is owned by institutional investors and hedge funds.

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.