Canadian National Railway (NYSE:CNI) Earns Market Perform Rating from Analysts at Citizens Jmp

Equities research analysts at Citizens Jmp started coverage on shares of Canadian National Railway (NYSE:CNI) (TSE:CNR) in a research note issued on Wednesday. The brokerage set a “market perform” rating on the transportation company’s stock.

Other analysts also recently issued research reports about the company. Evercore upgraded Canadian National Railway from an “in-line” rating to an “outperform” rating and set a $124.00 price target on the stock in a research note on Thursday, June 25th. National Bank Financial set a $124.00 target price on Canadian National Railway in a research note on Thursday, June 25th. Susquehanna restated a “neutral” rating and set a $140.00 price target (up from $138.00) on shares of Canadian National Railway in a report on Tuesday. Royal Bank Of Canada lifted their price target on Canadian National Railway from $160.00 to $178.00 and gave the stock an “outperform” rating in a research report on Thursday, April 30th. Finally, Barclays upped their price target on shares of Canadian National Railway from $99.00 to $109.00 and gave the stock an “equal weight” rating in a research note on Thursday, June 25th. Nine research analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $132.12.

Canadian National Railway Trading Down 0.4%

NYSE:CNI opened at $124.83 on Wednesday. Canadian National Railway has a one year low of $90.74 and a one year high of $126.12. The company has a debt-to-equity ratio of 0.95, a current ratio of 0.67 and a quick ratio of 0.49. The company’s 50-day simple moving average is $117.55 and its 200 day simple moving average is $109.10. The firm has a market capitalization of $75.65 billion, a P/E ratio of 22.70, a PEG ratio of 2.37 and a beta of 0.96.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last announced its earnings results on Wednesday, April 29th. The transportation company reported $1.31 earnings per share for the quarter, meeting analysts’ consensus estimates of $1.31. Canadian National Railway had a net margin of 27.22% and a return on equity of 21.90%. The business had revenue of $3.15 billion during the quarter, compared to the consensus estimate of $3.15 billion. During the same quarter last year, the firm earned $1.85 earnings per share. The business’s revenue for the quarter was down .5% on a year-over-year basis. As a group, analysts forecast that Canadian National Railway will post 5.71 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Smartleaf Asset Management LLC grew its stake in shares of Canadian National Railway by 19.4% during the fourth quarter. Smartleaf Asset Management LLC now owns 635 shares of the transportation company’s stock valued at $63,000 after acquiring an additional 103 shares in the last quarter. Minot DeBlois Advisors LLC lifted its stake in shares of Canadian National Railway by 2.0% in the fourth quarter. Minot DeBlois Advisors LLC now owns 5,132 shares of the transportation company’s stock worth $507,000 after acquiring an additional 103 shares in the last quarter. Tacita Capital Inc boosted its holdings in Canadian National Railway by 0.6% in the fourth quarter. Tacita Capital Inc now owns 19,809 shares of the transportation company’s stock valued at $1,960,000 after purchasing an additional 109 shares during the last quarter. Roberts Glore & Co. Inc. IL boosted its holdings in Canadian National Railway by 1.5% in the fourth quarter. Roberts Glore & Co. Inc. IL now owns 7,233 shares of the transportation company’s stock valued at $715,000 after purchasing an additional 110 shares during the last quarter. Finally, Patten Group Inc. grew its stake in Canadian National Railway by 1.4% during the 4th quarter. Patten Group Inc. now owns 8,326 shares of the transportation company’s stock valued at $823,000 after purchasing an additional 114 shares in the last quarter. 80.74% of the stock is owned by institutional investors.

Canadian National Railway Company Profile

Canadian National Railway Company (NYSE: CNI) is a Class I freight railway that operates an integrated rail network across Canada and the United States. Headquartered in Montreal, Quebec, CN provides long-haul freight transportation and related logistics services that connect major ports, industrial centers and inland markets throughout North America. Its transcontinental system enables cross-border movement of goods and supports supply chains that span coast-to-coast in Canada and into the central and eastern United States.

CN’s core business is the railborne transportation of a broad mix of commodities, including intermodal container traffic, forest and paper products, grain and other agricultural products, metallurgical and industrial products, petroleum and chemical products, coal and automotive shipments.