Canadian National Railway (NYSE:CNI) Upgraded at TD Securities

Canadian National Railway (NYSE:CNI) (TSE:CNR) was upgraded by TD Securities from a “hold” rating to a “strong-buy” rating in a research note issued on Monday,Zacks.com reports.

A number of other research firms also recently weighed in on CNI. Veritas upgraded Canadian National Railway from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, October 23rd. Evercore ISI raised Canadian National Railway from a “hold” rating to a “strong-buy” rating in a research note on Thursday, December 19th. Stephens reiterated an “equal weight” rating and issued a $116.00 price target on shares of Canadian National Railway in a research report on Wednesday, October 23rd. Royal Bank of Canada restated an “outperform” rating and set a $174.00 price objective on shares of Canadian National Railway in a research report on Friday, January 10th. Finally, Citigroup raised shares of Canadian National Railway from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $126.00 to $130.00 in a research note on Tuesday, November 12th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating, six have issued a buy rating and four have issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $125.77.

Canadian National Railway Stock Performance

Shares of NYSE CNI opened at $100.17 on Monday. The company has a current ratio of 0.64, a quick ratio of 0.49 and a debt-to-equity ratio of 0.96. Canadian National Railway has a 12-month low of $98.96 and a 12-month high of $134.02. The stock has a 50 day simple moving average of $106.08 and a 200-day simple moving average of $112.17. The company has a market cap of $62.99 billion, a PE ratio of 16.05, a P/E/G ratio of 2.43 and a beta of 0.91.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last announced its earnings results on Tuesday, October 22nd. The transportation company reported $1.72 earnings per share (EPS) 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 analyst estimates of $4.08 billion. During the same quarter in the prior year, the firm posted $1.26 EPS. Canadian National Railway’s revenue was up 3.1% compared to the same quarter last year. On average, equities research analysts forecast that Canadian National Railway will post 5.31 EPS for the current year.

Institutional Investors Weigh In On Canadian National Railway

A number of institutional investors have recently modified their holdings of the stock. Dixon Mitchell Investment Counsel Inc. increased its stake in shares of Canadian National Railway by 2.3% in the fourth quarter. Dixon Mitchell Investment Counsel Inc. now owns 490,939 shares of the transportation company’s stock worth $49,853,000 after acquiring an additional 11,004 shares during the last quarter. Outlook Wealth Advisors LLC increased its position in Canadian National Railway by 32.2% in the 4th quarter. Outlook Wealth Advisors LLC now owns 3,557 shares of the transportation company’s stock worth $361,000 after purchasing an additional 867 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. raised its stake in shares of Canadian National Railway by 48.2% during the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 332 shares of the transportation company’s stock worth $34,000 after purchasing an additional 108 shares in the last quarter. Park Avenue Securities LLC grew its position in Canadian National Railway by 6.8% in the fourth quarter. Park Avenue Securities LLC now owns 13,266 shares of the transportation company’s stock worth $1,347,000 after acquiring an additional 844 shares in the last quarter. Finally, Pacifica Partners Inc. increased its position in Canadian National Railway by 9.8% during the fourth quarter. Pacifica Partners Inc. now owns 20,087 shares of the transportation company’s stock worth $2,042,000 after buying an additional 1,785 shares during the last quarter. Institutional investors and hedge funds own 80.74% of the company’s stock.

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.