Canadian National Railway (NYSE:CNI) Given Equal Weight Rating at Stephens

Stephens reissued their equal weight rating on shares of Canadian National Railway (NYSE:CNI) (TSE:CNR) in a report issued on Wednesday morning, Benzinga reports. Stephens currently has a $140.00 price target on the transportation company’s stock.

Other research analysts have also recently issued reports about the stock. Bank of America raised shares of Canadian National Railway from a neutral rating to a buy rating and raised their price objective for the stock from $140.00 to $145.00 in a research note on Wednesday, April 10th. TD Securities cut shares of Canadian National Railway from a buy rating to a hold rating in a research note on Monday, January 8th. Susquehanna raised their price objective on shares of Canadian National Railway from $140.00 to $142.00 and gave the stock a neutral rating in a research note on Wednesday. Benchmark reissued a hold rating on shares of Canadian National Railway in a research note on Wednesday. Finally, Susquehanna Bancshares lifted their target price on shares of Canadian National Railway from $115.00 to $143.00 and gave the stock a neutral rating in a research note on Monday, January 8th. Eighteen investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of Hold and an average price target of $147.86.

Canadian National Railway Price Performance

CNI stock opened at $122.80 on Wednesday. The firm has a 50 day moving average of $129.68 and a 200-day moving average of $122.20. Canadian National Railway has a 12-month low of $103.96 and a 12-month high of $134.02. The company has a current ratio of 0.61, a quick ratio of 0.47 and a debt-to-equity ratio of 0.80. The company has a market cap of $78.43 billion, a price-to-earnings ratio of 19.59, a PEG ratio of 2.26 and a beta of 0.88.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last issued its quarterly earnings data on Tuesday, January 23rd. The transportation company reported $1.48 earnings per share for the quarter, topping analysts’ consensus estimates of $1.46 by $0.02. Canadian National Railway had a net margin of 32.81% and a return on equity of 23.17%. The business had revenue of $3.28 billion during the quarter, compared to analysts’ expectations of $3.25 billion. As a group, equities analysts expect that Canadian National Railway will post 5.93 EPS for the current fiscal year.

Hedge Funds Weigh In On Canadian National Railway

A number of large investors have recently bought and sold shares of the stock. PDS Planning Inc raised its stake in shares of Canadian National Railway by 2.0% in the 4th quarter. PDS Planning Inc now owns 4,566 shares of the transportation company’s stock valued at $574,000 after acquiring an additional 89 shares during the period. Tacita Capital Inc raised its stake in shares of Canadian National Railway by 0.4% in the 3rd quarter. Tacita Capital Inc now owns 27,356 shares of the transportation company’s stock valued at $2,972,000 after acquiring an additional 97 shares during the period. Bfsg LLC raised its stake in shares of Canadian National Railway by 110.5% in the 1st quarter. Bfsg LLC now owns 200 shares of the transportation company’s stock valued at $26,000 after acquiring an additional 105 shares during the period. Signaturefd LLC raised its stake in shares of Canadian National Railway by 1.0% in the 3rd quarter. Signaturefd LLC now owns 10,739 shares of the transportation company’s stock valued at $1,163,000 after acquiring an additional 110 shares during the period. Finally, Legacy Wealth Asset Management LLC raised its stake in shares of Canadian National Railway by 1.1% in the 3rd quarter. Legacy Wealth Asset Management LLC now owns 10,496 shares of the transportation company’s stock valued at $1,137,000 after acquiring an additional 111 shares during the period. Hedge funds and other institutional investors 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.