Canadian National Railways (NYSE: CNI) (TSE: CNR) The analysts of the Goldman Sachs Group upgraded a “neutral” rating to a “buy” rating in a research report published for customers and investors on Wednesday, reports The Fly.
A number of other brokers recently made comments on CKD as well. Cowen downgraded the Canadian National Railway from an “Outperform” rating to a “Market Perform” rating in a research report on Wednesday, January 27, and lowered its price target for the stock from $ 116.00 to $ 107, 00 USD. Smith Barney Citigroup raised its target price on the Canadian National Railway from $ 110.00 to $ 127.00 in a research report on Monday, January 11th. Sanford C. Bernstein upgraded the Canadian National Railway from a “Market Perform” rating to an “Outperform” rating in a research report on Monday, January 11th. The Royal Bank of Canada cut its target price on the Canadian National Railway from $ 155.00 to $ 139.00 and issued a research report on Wednesday, Jan. 27, rating the company’s sector performance. Eventually Desjardins lowered their target price on the Canadian National Railway from $ 150.00 to $ 146.00 and put the company on a “hold” rating in a research report on Thursday, Jan. 28. Sixteen investment analysts have rated the stock with a hold rating and eight with a buy rating. The Canadian National Railway currently has a Average Hold rating and a consensus target of $ 117.00.
The shares of CNI stock opened at $ 112.92 on Wednesday. The stock has a 50-day moving average of $ 108.09 and a two-hundred-day moving average of $ 107.95. The company has a current rate of 1.05, a quick rate of 0.85, and a leverage ratio of 0.67. The Canadian National Railway has a 12-month low of $ 65.13 and a 12-month high of $ 116.16. The company has a market cap of $ 80.21 billion, a P / E of 31.54, a P / E of 3.36, and a beta of 0.83.
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The Canadian National Railway (NYSE: CNI) (TSE: CNR) last announced its quarterly earnings data on Monday, January 25th. The transportation company reported earnings per share of $ 1.43 for the quarter, beating Zacks’ consensus estimate of $ 1.42 by $ 0.01. The Canadian National Railway achieved a return on equity of 19.55% and a net margin of 24.90%. The company had revenue of $ 3.66 billion for the quarter, compared to the consensus estimate of $ 3.64 billion. For the same quarter last year, the company posted earnings of $ 1.25 per share. The company’s quarterly sales increased 2.0% year over year. Sell-side analysts assume that Canadian National Railway will achieve earnings per share of 4.1 in the current fiscal year.
Several hedge funds and other institutional investors have recently added or reduced their stakes in the company. AGF Investments LLC increased its stake in Canadian National Railway by 70.9% in the fourth quarter. AGF Investments LLC now owns 258 shares in the transportation company, valued at $ 28,000, after purchasing an additional 107 shares during the period. Venturi Wealth Management LLC increased its stake in Canadian National Railway by 6.1% in the fourth quarter. Venturi Wealth Management LLC now owns 1,891 shares in the transportation company valued at $ 208,000 after purchasing an additional 109 shares during the period. First Horizon Advisors Inc. increased its stake in Canadian National Railway by 10.0% in the fourth quarter. First Horizon Advisors Inc. now owns 1,263 shares in the transportation company valued at $ 137,000 after purchasing an additional 115 shares during the period. NEXT Financial Group Inc increased its stake in Canadian National Railway shares by 2.5% in the fourth quarter. NEXT Financial Group Inc now owns 5,489 shares in the transportation company valued at $ 603,000 after purchasing an additional 132 shares during the reporting period. Finally, Regentatlantic Capital LLC increased its stake in Canadian National Railway shares by 2.8% in the fourth quarter. Regentatlantic Capital LLC now owns 5,042 shares in the transportation company valued at $ 554,000 after purchasing an additional 138 shares during the reporting period. 54.23% of the shares belong to institutional investors.
Via the Canadian National Railway
The Canadian National Railway Company, together with its subsidiaries, operates in the rail and related transportation business. The company’s product portfolio includes petroleum and chemicals, fertilizers, coal, metals and minerals, forest products, grains, intermodal products and automotive products for exporters, importers, retailers, farmers and manufacturers.
Further reading: net income
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