Canadian National Railway (NYSE:CNI) Rating Increased to Overweight at JPMorgan Chase & Co.

Canadian National Railway (NYSE:CNI) (TSE:CNR) was upgraded by analysts at JPMorgan Chase & Co. from a “neutral” rating to an “overweight” rating in a note issued to investors on Tuesday,Finviz reports.

A number of other research firms have also weighed in on CNI. Royal Bank of Canada raised Canadian National Railway from a “sector perform” rating to an “outperform” rating in a research report on Thursday, October 10th. Susquehanna dropped their target price on Canadian National Railway from $130.00 to $125.00 and set a “neutral” rating on the stock in a report on Wednesday, October 23rd. Wells Fargo & Company upgraded shares of Canadian National Railway from an “equal weight” rating to an “overweight” rating and set a $125.00 price objective for the company in a research note on Monday, October 7th. Barclays upped their price objective on shares of Canadian National Railway from $120.00 to $121.00 and gave the company an “equal weight” rating in a research note on Wednesday, September 25th. Finally, Sanford C. Bernstein decreased their price objective on shares of Canadian National Railway from $130.67 to $126.29 and set a “market perform” rating for the company in a research note on Wednesday, October 9th. One research analyst has rated the stock with a sell rating, twelve have issued a hold rating, five have given a buy rating and three have given a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $125.86.

Canadian National Railway Stock Up 1.0 %

Shares of NYSE CNI opened at $103.53 on Tuesday. Canadian National Railway has a 52-week low of $98.96 and a 52-week high of $134.02. The business’s 50 day moving average is $106.96 and its two-hundred day moving average is $112.86. The company has a quick ratio of 0.49, a current ratio of 0.64 and a debt-to-equity ratio of 0.96. The firm has a market cap of $65.13 billion, a price-to-earnings ratio of 16.59, a PEG ratio of 2.43 and a beta of 0.91.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last posted its quarterly earnings data on Tuesday, October 22nd. The transportation company reported $1.72 earnings per share for the quarter, topping analysts’ consensus estimates of $1.70 by $0.02. Canadian National Railway had a return on equity of 23.62% and a net margin of 31.65%. The business had revenue of $4.11 billion for the quarter, compared to analyst estimates of $4.08 billion. During the same quarter in the prior year, the company earned $1.26 earnings per share. The company’s revenue was up 3.1% on a year-over-year basis. Research analysts predict that Canadian National Railway will post 5.31 EPS for the current year.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in CNI. National Bank of Canada FI raised its holdings in Canadian National Railway by 46.5% during the third quarter. National Bank of Canada FI now owns 6,737,322 shares of the transportation company’s stock worth $789,030,000 after purchasing an additional 2,137,948 shares in the last quarter. Point72 Asset Management L.P. purchased a new position in Canadian National Railway during the third quarter worth about $159,907,000. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp raised its holdings in Canadian National Railway by 4,614.6% during the second quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 1,336,027 shares of the transportation company’s stock worth $157,896,000 after purchasing an additional 1,307,689 shares in the last quarter. Wellington Management Group LLP increased its holdings in Canadian National Railway by 4.4% in the third quarter. Wellington Management Group LLP now owns 18,562,189 shares of the transportation company’s stock valued at $2,175,935,000 after buying an additional 790,420 shares in the last quarter. Finally, 1832 Asset Management L.P. increased its holdings in Canadian National Railway by 7.8% in the second quarter. 1832 Asset Management L.P. now owns 9,365,622 shares of the transportation company’s stock valued at $1,106,361,000 after buying an additional 674,536 shares in the last quarter. 80.74% of the stock is owned by hedge funds and other institutional investors.

Canadian National Railway Company Profile

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.