Today: The National Bank Financial Reaffirmed Sector Perform Rating for Canadian National Railway Co. (CNI)

The National Bank Financial Reaffirmed Sector Perform Rating for Canadian National Railway Co. (CNI)

National Bank Financial restated their sector perform rating on shares of Canadian National Railway Co. (NYSE:CNI) in a report published on Wednesday. They currently have a $85.00 price objective on the stock, up from their prior price objective of $84.00.

Other equities analysts have also issued reports about the stock. Barclays PLC raised their price target on shares of Canadian National Railway from $65.00 to $68.00 and gave the stock an equal weight rating in a research report on Monday, September 12th. Desjardins reaffirmed a hold rating and set a $86.00 price target on shares of Canadian National Railway in a research report on Tuesday, July 26th. TD Securities reaffirmed a hold rating and set a $87.00 price target (up from $86.00) on shares of Canadian National Railway in a research report on Tuesday, July 26th. Loop Capital started coverage on shares of Canadian National Railway in a research note on Monday, September 26th. They set a hold rating and a $64.00 price objective on the stock. Finally, Vertical Research started coverage on shares of Canadian National Railway in a research note on Tuesday, October 11th. They set a hold rating on the stock. Two investment analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and ten have issued a buy rating to the company’s stock. The stock presently has an average rating of Hold and an average target price of $75.50.

Shares of Canadian National Railway (NYSE:CNI) opened at 63.10 on Wednesday. The company’s 50 day moving average is $64.76 and its 200-day moving average is $62.33. Canadian National Railway has a 1-year low of $46.23 and a 1-year high of $67.66. The company has a market capitalization of $48.35 billion, a P/E ratio of 18.60 and a beta of 1.10.

Canadian National Railway (NYSE:CNI) last released its quarterly earnings results on Tuesday, October 25th. The company reported $1.25 EPS for the quarter, topping analysts’ consensus estimates 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 business had revenue of $3.01 billion for the quarter, compared to analyst estimates of $2.39 billion. During the same period last year, the firm earned $1.26 earnings per share. Canadian National Railway’s revenue for the quarter was down 6.5% compared to the same quarter last year. On average, equities research analysts forecast that Canadian National Railway will post $3.37 EPS for the current year.

Several hedge funds have recently added to or reduced their stakes in the stock. Kistler Tiffany Companies LLC increased its position in shares of Canadian National Railway by 81.9% in the second quarter. Kistler Tiffany Companies LLC now owns 1,699 shares of the company’s stock worth $100,000 after buying an additional 765 shares in the last quarter. Pinkerton Retirement Specialists LLC acquired a new position in shares of Canadian National Railway during the second quarter worth approximately $104,000. Carroll Financial Associates Inc. increased its position in shares of Canadian National Railway by 8.8% in the third quarter. Carroll Financial Associates Inc. now owns 1,638 shares of the company’s stock worth $107,000 after buying an additional 132 shares in the last quarter. Armbruster Capital Management Inc. increased its position in shares of Canadian National Railway by 57.1% in the second quarter. Armbruster Capital Management Inc. now owns 2,200 shares of the company’s stock worth $130,000 after buying an additional 800 shares in the last quarter. Finally, Quadrant Capital Group LLC increased its position in shares of Canadian National Railway by 4.0% in the second quarter. Quadrant Capital Group LLC now owns 2,680 shares of the company’s stock worth $149,000 after buying an additional 104 shares in the last quarter. 55.96% of the stock is owned by hedge funds and other institutional investors.

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