Posted by MarketBeat News on Oct 4th, 2023
CNI has been the topic of several other reports. Raymond James raised shares of Canadian National Railway from a “market perform” rating to an “outperform” rating in a research report on Thursday, September 14th. Desjardins reduced their price objective on Canadian National Railway from C$184.00 to C$181.00 in a research note on Wednesday, July 26th. CIBC lowered their target price on Canadian National Railway from C$175.00 to C$173.00 and set an “outperformer” rating on the stock in a research note on Thursday, September 21st. Stifel Nicolaus cut their price target on Canadian National Railway from $125.00 to $122.00 and set a “hold” rating for the company in a research note on Tuesday. Finally, Royal Bank of Canada lowered shares of Canadian National Railway from an “outperform” rating to a “sector perform” rating in a research report on Monday, July 31st. One research analyst has rated the stock with a sell rating, twelve have given a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, Canadian National Railway has an average rating of “Hold” and a consensus price target of $146.94.
Canadian National Railway Trading Down 0.3 %
NYSE CNI opened at $106.10 on Wednesday. The firm’s fifty day moving average price is $113.37 and its 200 day moving average price is $116.41. Canadian National Railway has a 12 month low of $103.79 and a 12 month high of $129.89. The company has a debt-to-equity ratio of 0.78, a current ratio of 0.93 and a quick ratio of 0.72. The company has a market capitalization of $69.35 billion, a price-to-earnings ratio of 18.17, a price-to-earnings-growth ratio of 2.89 and a beta of 0.91.
Canadian National Railway (NYSE:CNI – Get Free Report) (TSE:CNR) last posted its earnings results on Tuesday, July 25th. The transportation company reported $1.31 earnings per share for the quarter, missing the consensus estimate of $1.37 by ($0.06). The firm had revenue of $3.02 billion during the quarter, compared to analysts’ expectations of $3.13 billion. Canadian National Railway had a net margin of 30.21% and a return on equity of 24.62%. On average, sell-side analysts expect that Canadian National Railway will post 5.55 earnings per share for the current fiscal year.
Institutional Trading of Canadian National Railway
A number of institutional investors and hedge funds have recently bought and sold shares of CNI. Ascent Group LLC raised its stake in shares of Canadian National Railway by 2.1% in the 1st quarter. Ascent Group LLC now owns 4,014 shares of the transportation company’s stock valued at $474,000 after acquiring an additional 83 shares during the period. Knights of Columbus Asset Advisors LLC increased its holdings in Canadian National Railway by 4.0% in the 2nd quarter. Knights of Columbus Asset Advisors LLC now owns 2,156 shares of the transportation company’s stock valued at $261,000 after purchasing an additional 83 shares in the last quarter. Mitchell Capital Management Co. raised its position in Canadian National Railway by 0.9% in the first quarter. Mitchell Capital Management Co. now owns 9,756 shares of the transportation company’s stock valued at $1,151,000 after purchasing an additional 85 shares during the period. Spreng Capital Management Inc. lifted its stake in shares of Canadian National Railway by 4.9% during the first quarter. Spreng Capital Management Inc. now owns 1,833 shares of the transportation company’s stock worth $216,000 after purchasing an additional 85 shares in the last quarter. Finally, BlackDiamond Wealth Management Inc. boosted its position in shares of Canadian National Railway by 2.2% in the second quarter. BlackDiamond Wealth Management Inc. now owns 4,086 shares of the transportation company’s stock worth $485,000 after buying an additional 88 shares during the period. Institutional investors and hedge funds own 67.60% of the company’s stock.
Canadian National Railway Company Profile
Canadian National Railway Company, together with its subsidiaries, engages in rail and related transportation business. The company offers rail services, which include equipment, custom brokage services, transloading and distribution, business development and real estate, and private car storage services; and intermodal services including temperature controlled cargo, port partnership, transloading and distribution, logistic parks, customs brokerage, trucking, and moving grains in containers.
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