Canadian National Railway (CNI) Downgraded by Macquarie to Neutral

Canadian National Railway (NYSE:CNI) (TSE:CNR) was downgraded by Macquarie from an “outperform” rating to a “neutral” rating in a report issued on Wednesday, Marketbeat Ratings reports.

CNI has been the topic of several other reports. Bank of America lowered Canadian National Railway from a “buy” rating to a “neutral” rating in a research note on Thursday, October 18th. Raymond James reaffirmed a “buy” rating on shares of Canadian National Railway in a research note on Tuesday, December 11th. BMO Capital Markets reaffirmed a “hold” rating on shares of Canadian National Railway in a research note on Sunday, December 16th.

Zacks Investment Research lowered Canadian National Railway from a “buy” rating to a “hold” rating in a research note on Friday, November 16th. Finally, Credit Suisse Group raised Canadian National Railway from a “neutral” rating to an “outperform” rating and lifted their price objective for the company from $90.00 to $95.00 in a research note on Tuesday, January 15th. Twelve analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock.

Canadian National Railway has an average rating of “Hold” and a consensus target price of $92.16.

Shares of NYSE:CNI opened at $83.52 on Wednesday. The company has a current ratio of 0.72, a quick ratio of 0.58 and a debt-to-equity ratio of 0.57. Canadian National Railway has a 12-month low of $70.36 and a 12-month high of $91.90. The stock has a market capitalization of $60.62 billion, a price-to-earnings ratio of 20.08, a price-to-earnings-growth ratio of 1.89 and a beta of 1.04.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last released its quarterly earnings data on Tuesday, January 29th. The transportation company reported $1.49 earnings per share for the quarter, beating the consensus estimate of $1.11 by $0.38. The business had revenue of $3.81 billion for the quarter, compared to analyst estimates of $3.80 billion. Canadian National Railway had a return on equity of 23.39% and a net margin of 30.19%. The company’s revenue was up 15.9% compared to the same quarter last year. During the same period in the previous year, the company posted $1.20 EPS. Sell-side analysts expect that Canadian National Railway will post 4.73 earnings per share for the current year.

Several large investors have recently made changes to their positions in the stock. Vanguard Group Inc raised its holdings in shares of Canadian National Railway by 2.7% during the 3rd quarter. Vanguard Group Inc now owns 19,024,269 shares of the transportation company’s stock valued at $1,708,379,000 after buying an additional 497,662 shares during the period. Bank of Montreal Can raised its holdings in shares of Canadian National Railway by 3.2% during the 3rd quarter. Bank of Montreal Can now owns 16,702,416 shares of the transportation company’s stock valued at $1,499,876,000 after buying an additional 511,467 shares during the period. FIL Ltd raised its holdings in shares of Canadian National Railway by 3.1% during the 3rd quarter. FIL Ltd now owns 12,279,583 shares of the transportation company’s stock valued at $1,101,850,000 after buying an additional 372,297 shares during the period.

Connor Clark & Lunn Investment Management Ltd. raised its holdings in shares of Canadian National Railway by 8.5% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 8,024,202 shares of the transportation company’s stock valued at $719,484,000 after buying an additional 628,194 shares during the period. Finally, Morgan Stanley raised its holdings in shares of Canadian National Railway by 18.0% during the 3rd quarter. Morgan Stanley now owns 6,515,346 shares of the transportation company’s stock valued at $585,078,000 after buying an additional 992,137 shares during the period. Institutional investors and hedge funds own 54.29% of the company’s stock.

Canadian National Railway Company Profile

Canadian National Railway Company engages in rail and related transportation business. The company transports cargo serving exporters, importers, retailers, farmers, and manufacturers. It operates a network of approximately 20,000 route miles of track spans Canada and mid-America connecting the Atlantic, the Pacific, and the Gulf of Mexico.

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