Shares of Canadian National Railway Co. (NYSE:CNI) gapped up prior to trading on Tuesday . The stock had previously closed at $62.27, but opened at $62.29. Canadian National Railway shares last traded at $62.74, with a volume of 894,642 shares changing hands.

Several analysts have weighed in on the company. Barclays PLC reaffirmed an “equal weight” rating on shares of Canadian National Railway in a report on Thursday, July 28th. TD Securities reissued a “hold” rating and set a $87.00 price objective (up from $86.00) on shares of Canadian National Railway in a report on Tuesday, July 26th. Scotiabank reissued a “sector perform” rating and set a $87.00 price objective (up from $81.00) on shares of Canadian National Railway in a report on Tuesday, July 26th. Desjardins reissued a “hold” rating and set a $86.00 price objective on shares of Canadian National Railway in a report on Tuesday, July 26th. Finally, BMO Capital Markets reissued an “outperform” rating and set a $90.00 price objective on shares of Canadian National Railway in a report on Tuesday, July 26th. Two analysts have rated the stock with a sell rating, twelve have assigned a hold rating and eleven have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $73.25.

The company has a market cap of $48.41 billion and a price-to-earnings ratio of 18.01. The company has a 50 day moving average of $61.07 and a 200-day moving average of $59.69.

Canadian National Railway (NYSE:CNI) last issued its earnings results on Monday, July 25th. The company reported $1.11 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.09 by $0.02. The firm earned $2.84 billion during the quarter, compared to analysts’ expectations of $3 billion. The business’s revenue was down 9.1% on a year-over-year basis. During the same quarter last year, the business earned $1.15 EPS. On average, analysts anticipate that Canadian National Railway Co. will post $3.40 EPS for the current fiscal year.

Several institutional investors recently added to or reduced their stakes in CNI. Atlantic Trust Group LLC raised its position in Canadian National Railway by 2.2% in the fourth quarter. Atlantic Trust Group LLC now owns 52,490 shares of the company’s stock worth $2,933,000 after buying an additional 1,150 shares during the last quarter. Advisors Asset Management Inc. raised its position in Canadian National Railway by 9.2% in the fourth quarter. Advisors Asset Management Inc. now owns 47,675 shares of the company’s stock worth $2,664,000 after buying an additional 4,004 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its position in Canadian National Railway by 11.1% in the fourth quarter. Dimensional Fund Advisors LP now owns 208,797 shares of the company’s stock worth $11,668,000 after buying an additional 20,826 shares during the last quarter.

Canadian National Railway Company is engaged in the rail and related transportation business. The Company’s network of approximately 20,000 route miles of track spans Canada and mid-America, connecting approximately three coasts, including the Atlantic, the Pacific and the Gulf of Mexico. The Company’s freight includes approximately seven commodity groups, such as petroleum and chemicals, metals and minerals, forest products, coal, grain and fertilizers, intermodal and automotive.

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