Benchmark Reaffirms “Hold” Rating for Canadian National Railway (NYSE:CNI)

Canadian National Railway (NYSE:CNI) (TSE:CNR)‘s stock had its “hold” rating restated by analysts at Benchmark in a research report issued on Wednesday, Benzinga reports.

CNI has been the subject of several other research reports. Wells Fargo & Company assumed coverage on shares of Canadian National Railway in a report on Friday, June 7th. They issued an “equal weight” rating and a $130.00 target price for the company. Barclays cut their target price on Canadian National Railway from $130.00 to $128.00 and set an “equal weight” rating on the stock in a research note on Tuesday, July 16th. National Bank Financial raised Canadian National Railway from a “sector perform” rating to an “outperform” rating in a research report on Thursday, June 27th. Susquehanna reduced their price target on shares of Canadian National Railway from $135.00 to $130.00 and set a “neutral” rating for the company in a research report on Wednesday. Finally, Sanford C. Bernstein downgraded Canadian National Railway from an “outperform” rating to a “market perform” rating and decreased their target price for the stock from $146.25 to $130.67 in a research report on Monday, July 8th. Eighteen research analysts have rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $147.38.

Canadian National Railway Stock Down 4.0 %

Shares of Canadian National Railway stock traded down $4.85 on Wednesday, hitting $115.13. The company had a trading volume of 1,790,619 shares, compared to its average volume of 1,067,455. Canadian National Railway has a 1 year low of $103.96 and a 1 year high of $134.02. The company has a debt-to-equity ratio of 0.84, a quick ratio of 0.46 and a current ratio of 0.60. The stock has a 50 day moving average of $121.97 and a 200-day moving average of $125.70. The stock has a market capitalization of $72.81 billion, a price-to-earnings ratio of 18.37, a P/E/G ratio of 2.32 and a beta of 0.89.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last released its quarterly earnings results on Tuesday, April 23rd. The transportation company reported $1.28 EPS for the quarter, beating analysts’ consensus estimates of $1.27 by $0.01. The business had revenue of $3.15 billion during the quarter, compared to analyst estimates of $3.16 billion. Canadian National Railway had a return on equity of 23.27% and a net margin of 32.81%. As a group, sell-side analysts forecast that Canadian National Railway will post 5.84 earnings per share for the current year.

Institutional Investors Weigh In On Canadian National Railway

Institutional investors and hedge funds have recently bought and sold shares of the stock. Bfsg LLC increased its holdings 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 worth $26,000 after buying an additional 105 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. bought a new stake in shares of Canadian National Railway during the 2nd quarter worth $26,000. GAMMA Investing LLC grew its position in Canadian National Railway by 766.7% in the first quarter. GAMMA Investing LLC now owns 234 shares of the transportation company’s stock worth $31,000 after acquiring an additional 207 shares in the last quarter. ORG Partners LLC bought a new position in Canadian National Railway in the second quarter valued at $34,000. Finally, Keener Financial Planning LLC purchased a new stake in Canadian National Railway during the fourth quarter valued at about $46,000. 80.74% of the stock is owned by hedge funds and other institutional investors.

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.