Canadian National Railway Co. (NYSE:CNI)‘s stock had its “hold” rating reaffirmed by investment analysts at Desjardins in a research report issued to clients and investors on Tuesday. They currently have a $86.00 price objective on the stock. Desjardins’ target price would suggest a potential upside of 35.80% from the company’s current price.
Other large investors recently made changes to their positions in the company. HL Financial Services LLC bought a new stake in shares of Canadian National Railway during the second quarter worth $200,000. Norris Perne & French LLP MI increased its stake in shares of Canadian National Railway by 2.5% in the second quarter. Norris Perne & French LLP MI now owns 4,150 shares of the company’s stock worth $245,000 after buying an additional 100 shares in the last quarter. MSI Financial Services Inc increased its stake in shares of Canadian National Railway by 24.0% in the second quarter. MSI Financial Services Inc now owns 10,234 shares of the company’s stock worth $604,000 after buying an additional 1,983 shares in the last quarter. Shell Asset Management Co. increased its stake in shares of Canadian National Railway by 8.4% in the second quarter. Shell Asset Management Co. now owns 159,480 shares of the company’s stock worth $12,167,000 after buying an additional 12,293 shares in the last quarter. Finally, Mountain Pacific Investment Advisers Inc. ID increased its stake in shares of Canadian National Railway by 13.9% in the second quarter. Mountain Pacific Investment Advisers Inc. ID now owns 4,100 shares of the company’s stock worth $242,000 after buying an additional 500 shares in the last quarter.
Shares of Canadian National Railway (NYSE:CNI) traded down 0.22% during mid-day trading on Tuesday, hitting $63.33. 1,708,111 shares of the company traded hands. Canadian National Railway has a one year low of $46.23 and a one year high of $66.22. The firm has a 50-day moving average of $60.07 and a 200-day moving average of $58.85. The stock has a market capitalization of $49.31 billion and a price-to-earnings ratio of 18.26.
Other research analysts also recently issued research reports about the stock. Zacks Investment Research upgraded shares of Canadian National Railway from a “hold” rating to a “buy” rating and set a $70.00 price objective on the stock in a report on Friday, April 29th. Barclays PLC upped their price objective on shares of Canadian National Railway from $56.00 to $58.00 and gave the stock an “equal weight” rating in a report on Tuesday, April 26th. Cowen and Company upped their price objective on shares of Canadian National Railway from $67.00 to $68.00 and gave the stock an “outperform” rating in a report on Tuesday. Raymond James Financial Inc. upgraded shares of Canadian National Railway from a “market perform” rating to an “outperform” rating in a report on Tuesday. Finally, Royal Bank Of Canada restated an “outperform” rating and set a $89.00 price objective on shares of Canadian National Railway in a report on Tuesday. Two investment analysts have rated the stock with a sell rating, twelve have given a hold rating and eleven have assigned a buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $73.25.
Canadian National Railway Company is engaged in the rail and related transportation business. The Company’s network of approximately 20,000 route miles of track spans Canada and mid-America, connecting approximately three coasts, including the Atlantic, the Pacific and the Gulf of Mexico. The Company’s freight includes approximately seven commodity groups, such as petroleum and chemicals, metals and minerals, forest products, coal, grain and fertilizers, intermodal and automotive.
