Canadian National Railway (NYSE:CNI) Stock Rating Lowered by Zacks Research

Canadian National Railway (NYSE:CNI) (TSE:CNR) was downgraded by investment analysts at Zacks Research from a “hold” rating to a “strong sell” rating in a research report issued to clients and investors on Thursday,Zacks.com reports.

A number of other analysts have also weighed in on CNI. Wall Street Zen raised shares of Canadian National Railway from a “sell” rating to a “hold” rating in a research note on Saturday, October 18th. Barclays reduced their price target on shares of Canadian National Railway from $99.00 to $97.00 and set an “equal weight” rating for the company in a research note on Thursday, October 2nd. Royal Bank Of Canada reduced their price target on shares of Canadian National Railway from $161.00 to $157.00 and set an “outperform” rating for the company in a research note on Wednesday, July 23rd. Evercore ISI lowered shares of Canadian National Railway from an “outperform” rating to an “in-line” rating and set a $105.00 price target for the company. in a research note on Wednesday, July 23rd. Finally, National Bank Financial lowered shares of Canadian National Railway from an “outperform” rating to a “sector perform” rating in a research note on Wednesday, July 23rd. One investment analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, eight have assigned a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $113.90.

Canadian National Railway Trading Down 0.7%

Shares of NYSE:CNI opened at $95.30 on Thursday. The company has a 50 day moving average of $95.00 and a 200-day moving average of $98.82. The firm has a market cap of $58.96 billion, a P/E ratio of 18.33, a P/E/G ratio of 2.18 and a beta of 0.96. Canadian National Railway has a twelve month low of $91.07 and a twelve month high of $114.13. The company has a current ratio of 0.82, a quick ratio of 0.58 and a debt-to-equity ratio of 0.90.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last issued its quarterly earnings results on Tuesday, July 22nd. The transportation company reported $1.35 earnings per share for the quarter, missing analysts’ consensus estimates of $1.37 by ($0.02). The company had revenue of $3.14 billion during the quarter, compared to analyst estimates of $4.34 billion. Canadian National Railway had a return on equity of 21.71% and a net margin of 26.63%.The company’s revenue was down 1.3% on a year-over-year basis. During the same period in the prior year, the company posted $1.84 earnings per share. As a group, analysts anticipate that Canadian National Railway will post 5.52 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. Addison Advisors LLC increased its stake in shares of Canadian National Railway by 124.0% during the 2nd quarter. Addison Advisors LLC now owns 271 shares of the transportation company’s stock worth $28,000 after purchasing an additional 150 shares during the last quarter. Curio Wealth LLC increased its stake in shares of Canadian National Railway by 31,600.0% during the 2nd quarter. Curio Wealth LLC now owns 317 shares of the transportation company’s stock worth $33,000 after purchasing an additional 316 shares during the last quarter. Dagco Inc. acquired a new position in shares of Canadian National Railway during the 1st quarter worth $32,000. Brooklyn Investment Group increased its stake in shares of Canadian National Railway by 354.3% during the 1st quarter. Brooklyn Investment Group now owns 427 shares of the transportation company’s stock worth $42,000 after purchasing an additional 333 shares during the last quarter. Finally, Steigerwald Gordon & Koch Inc. acquired a new position in shares of Canadian National Railway during the 3rd quarter worth $50,000. 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.