Benchmark Reaffirms Hold Rating for Canadian National Railway (NYSE:CNI)

Canadian National Railway (NYSE:CNI) (TSE:CNR)‘s stock had its “hold” rating reissued by investment analysts at Benchmark in a report issued on Wednesday, Benzinga reports.

CNI has been the subject of a number of other research reports. TD Securities cut Canadian National Railway from a “buy” rating to a “hold” rating in a report on Monday, January 8th. CIBC lowered Canadian National Railway from a “sector outperform” rating to a “neutral” rating in a research note on Wednesday, January 10th. Stifel Nicolaus upped their price objective on Canadian National Railway from $121.00 to $134.00 and gave the stock a “hold” rating in a report on Friday, April 12th. Wells Fargo & Company upped their price objective on shares of Canadian National Railway from $110.00 to $125.00 and gave the company an “equal weight” rating in a research report on Wednesday, January 24th. Finally, Jefferies Financial Group began coverage on shares of Canadian National Railway in a research note on Monday, April 8th. They set a “hold” rating and a $130.00 price objective on the stock. Eighteen equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $147.62.

Canadian National Railway Price Performance

Shares of Canadian National Railway stock traded down $6.22 on Wednesday, reaching $123.18. The stock had a trading volume of 1,069,027 shares, compared to its average volume of 1,001,376. The business’s 50 day moving average is $129.80 and its two-hundred day moving average is $122.20. The company has a market cap of $78.67 billion, a P/E ratio of 19.43, a price-to-earnings-growth ratio of 2.25 and a beta of 0.88. The company has a current ratio of 0.61, a quick ratio of 0.47 and a debt-to-equity ratio of 0.80. Canadian National Railway has a 1 year low of $103.96 and a 1 year high of $134.02.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last announced its quarterly earnings data on Tuesday, January 23rd. The transportation company reported $1.48 EPS for the quarter, beating the consensus estimate of $1.46 by $0.02. The business had revenue of $3.28 billion during the quarter, compared to analyst estimates of $3.25 billion. Canadian National Railway had a return on equity of 23.56% and a net margin of 33.38%. As a group, research analysts anticipate that Canadian National Railway will post 5.94 EPS for the current year.

Institutional Trading of Canadian National Railway

Several hedge funds and other institutional investors have recently bought and sold shares of CNI. CWM LLC raised its stake in Canadian National Railway by 9.3% during the 3rd quarter. CWM LLC now owns 2,983 shares of the transportation company’s stock valued at $323,000 after purchasing an additional 255 shares during the period. Coronation Fund Managers Ltd. grew its stake in shares of Canadian National Railway by 22.1% during the third quarter. Coronation Fund Managers Ltd. now owns 706,327 shares of the transportation company’s stock valued at $76,516,000 after purchasing an additional 127,867 shares during the last quarter. Norris Perne & French LLP MI boosted its stake in Canadian National Railway by 51.4% in the third quarter. Norris Perne & French LLP MI now owns 2,726 shares of the transportation company’s stock valued at $295,000 after acquiring an additional 926 shares during the last quarter. Ballentine Partners LLC grew its holdings in shares of Canadian National Railway by 19.8% in the 3rd quarter. Ballentine Partners LLC now owns 2,148 shares of the transportation company’s stock valued at $233,000 after buying an additional 355 shares during the period. Finally, PDS Planning Inc lifted its position in Canadian National Railway by 2.8% in the 3rd quarter. PDS Planning Inc now owns 4,477 shares of the transportation company’s stock valued at $485,000 after acquiring an additional 122 shares in the last quarter. 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.