Canadian National Railway (NYSE:CNI) Stock Rating Lowered by Raymond James

Canadian National Railway (NYSE:CNI) (TSE:CNR) was downgraded by Raymond James from an “outperform” rating to a “market perform” rating in a research report issued on Monday, The Fly reports.

Other research analysts have also recently issued research reports about the stock. UBS Group upgraded shares of Canadian National Railway from a “neutral” rating to a “buy” rating in a research report on Friday, May 28th. Royal Bank of Canada assumed coverage on shares of Canadian National Railway in a research report on Friday. They set an “outperform” rating and a $168.00 target price for the company. TD Securities upgraded shares of Canadian National Railway from a “hold” rating to a “buy” rating and set a $175.00 target price for the company in a research report on Monday. Citigroup upgraded shares of Canadian National Railway from a “neutral” rating to a “buy” rating and set a $140.00 target price for the company in a research report on Wednesday, September 1st. Finally, Stifel Nicolaus assumed coverage on shares of Canadian National Railway in a research report on Monday, June 21st. They set a “hold” rating for the company. Twelve research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to data from MarketBeat, Canadian National Railway presently has an average rating of “Hold” and a consensus target price of $140.56.

CNI stock opened at $113.96 on Monday. The company has a debt-to-equity ratio of 0.60, a current ratio of 0.93 and a quick ratio of 0.76. The company has a 50 day moving average price of $110.70 and a 200 day moving average price of $111.01. Canadian National Railway has a fifty-two week low of $98.69 and a fifty-two week high of $128.41. The stock has a market capitalization of $80.79 billion, a PE ratio of 25.84, a price-to-earnings-growth ratio of 3.18 and a beta of 0.81.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last posted its quarterly earnings data on Monday, July 19th. The transportation company reported $1.49 earnings per share for the quarter, topping the consensus estimate of $1.48 by $0.01. Canadian National Railway had a net margin of 28.27% and a return on equity of 20.00%. The firm had revenue of $3.60 billion during the quarter, compared to analysts’ expectations of $3.63 billion. During the same quarter in the previous year, the company posted $1.28 EPS. Canadian National Railway’s revenue was up 12.1% on a year-over-year basis. As a group, equities analysts expect that Canadian National Railway will post 4.67 earnings per share for the current fiscal year.

Several institutional investors have recently bought and sold shares of CNI. Sageworth Trust Co acquired a new position in shares of Canadian National Railway during the 1st quarter worth about $29,000. Nelson Van Denburg & Campbell Wealth Management Group LLC raised its holdings in shares of Canadian National Railway by 1,250.0% in the 2nd quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC now owns 324 shares of the transportation company’s stock valued at $34,000 after purchasing an additional 300 shares during the period. Logan Capital Management Inc. bought a new stake in shares of Canadian National Railway in the 1st quarter valued at about $38,000. Exchange Traded Concepts LLC bought a new stake in shares of Canadian National Railway in the 2nd quarter valued at about $39,000. Finally, Ancora Advisors LLC raised its holdings in shares of Canadian National Railway by 338.0% in the 2nd quarter. Ancora Advisors LLC now owns 438 shares of the transportation company’s stock valued at $46,000 after purchasing an additional 338 shares during the period. Institutional investors own 56.45% of the company’s stock.

Canadian National Railway Company Profile

Canadian National Railway Co engages in rail and related transportation business. The firm’s services include rail, intermodal, trucking, supply chain services, business development and maps and network. It offers their services in automotive, coal, fertilizer, food and beverages, forest products, dimensional loads, grain, metals and minerals and petroleum and chemicals industries.

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