Todays Report: The Canadian National Railway Co. (CNI) Earns Hold Rating from Desjardins

The Canadian National Railway Co. (CNI) Earns Hold Rating from Desjardins

Desjardins reiterated their hold rating on shares of Canadian National Railway Co. (NYSE:CNI) in a research report sent to investors on Wednesday. They currently have a $92.00 price objective on the stock, up from their prior price objective of $86.00.

Several other equities analysts have also weighed in on the stock. BMO Capital Markets reissued an outperform rating and issued a $85.00 price objective on shares of Canadian National Railway in a research report on Thursday, July 7th. Cowen and Company raised their price target on shares of Canadian National Railway from $67.00 to $68.00 and gave the stock an outperform rating in a research report on Tuesday, July 26th. Raymond James Financial Inc. upgraded shares of Canadian National Railway from a market perform rating to an outperform rating in a research note on Tuesday, July 26th. Royal Bank Of Canada reiterated an outperform rating and set a $89.00 price objective on shares of Canadian National Railway in a research note on Tuesday, July 26th. Finally, Scotiabank reiterated a sector perform rating and set a $87.00 price objective (up from $81.00) on shares of Canadian National Railway in a research note on Tuesday, July 26th. Two research analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and ten have issued a buy rating to the stock. Canadian National Railway currently has a consensus rating of Hold and a consensus target price of $75.50.

Shares of Canadian National Railway (NYSE:CNI) opened at 63.10 on Wednesday. The firm has a market capitalization of $48.35 billion, a price-to-earnings ratio of 18.60 and a beta of 1.10. Canadian National Railway has a 12 month low of $46.23 and a 12 month high of $67.66. The stock’s 50 day moving average is $64.76 and its 200 day moving average is $62.33.

Canadian National Railway (NYSE:CNI) last posted its quarterly earnings results on Tuesday, October 25th. The company reported $1.25 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.92 by $0.33. Canadian National Railway had a net margin of 29.78% and a return on equity of 23.70%. The firm had revenue of $3.01 billion for the quarter, compared to analyst estimates of $2.39 billion. During the same period in the prior year, the firm posted $1.26 earnings per share. The company’s quarterly revenue was down 6.5% compared to the same quarter last year. Equities research analysts forecast that Canadian National Railway will post $3.37 earnings per share for the current fiscal year.

A number of hedge funds have recently bought and sold shares of the stock. Synovus Financial Corp increased its stake in Canadian National Railway by 0.4% in the second quarter. Synovus Financial Corp now owns 4,531 shares of the company’s stock valued at $268,000 after buying an additional 16 shares during the last quarter. Concert Wealth Management Inc. increased its stake in Canadian National Railway by 0.5% in the third quarter. Concert Wealth Management Inc. now owns 4,298 shares of the company’s stock valued at $281,000 after buying an additional 21 shares during the last quarter. Telemus Capital LLC increased its stake in Canadian National Railway by 0.6% in the third quarter. Telemus Capital LLC now owns 4,124 shares of the company’s stock valued at $270,000 after buying an additional 25 shares during the last quarter. Advisor Partners LLC increased its stake in Canadian National Railway by 0.5% in the second quarter. Advisor Partners LLC now owns 5,769 shares of the company’s stock valued at $339,000 after buying an additional 26 shares during the last quarter. Finally, Baskin Financial Services Inc. increased its stake in Canadian National Railway by 0.4% in the third quarter. Baskin Financial Services Inc. now owns 5,991 shares of the company’s stock valued at $392,000 after buying an additional 26 shares during the last quarter. 55.96% of the stock is owned by institutional investors and hedge funds.

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