Canadian National Railway (NYSE:CNI) Given Consensus Rating of “Moderate Buy” by Brokerages

Canadian National Railway (NYSE:CNI) (TSE:CNR) has been given a consensus rating of “Moderate Buy” by the eighteen research firms that are covering the company, MarketBeat.com reports. One analyst has rated the stock with a sell rating, six have given a hold rating, seven have assigned a buy rating and four have given a strong buy rating to the company. The average 1 year price target among brokerages that have updated their coverage on the stock in the last year is $124.02.

A number of brokerages have recently issued reports on CNI. The Goldman Sachs Group reduced their target price on shares of Canadian National Railway from $131.00 to $124.00 and set a “sell” rating on the stock in a research report on Wednesday, October 9th. JPMorgan Chase & Co. raised Canadian National Railway from a “neutral” rating to an “overweight” rating in a research note on Tuesday, January 7th. Barclays decreased their price objective on Canadian National Railway from $121.00 to $112.00 and set an “equal weight” rating for the company in a research note on Friday, January 17th. Stephens reissued an “equal weight” rating and issued a $116.00 target price on shares of Canadian National Railway in a research note on Wednesday, October 23rd. Finally, Stifel Nicolaus upgraded Canadian National Railway from a “hold” rating to a “buy” rating and reduced their target price for the stock from $132.00 to $120.00 in a report on Thursday, January 16th.

Canadian National Railway Stock Performance

Canadian National Railway stock opened at $105.51 on Thursday. The stock has a 50-day simple moving average of $104.72 and a 200 day simple moving average of $111.16. The stock has a market capitalization of $66.35 billion, a price-to-earnings ratio of 16.91, a P/E/G ratio of 2.36 and a beta of 0.91. The company has a quick ratio of 0.49, a current ratio of 0.64 and a debt-to-equity ratio of 0.96. Canadian National Railway has a 12-month low of $98.96 and a 12-month high of $134.02.

Hedge Funds Weigh In On Canadian National Railway

Several hedge funds have recently modified their holdings of the stock. Fortitude Family Office LLC boosted its position in Canadian National Railway by 738.7% during the third quarter. Fortitude Family Office LLC now owns 260 shares of the transportation company’s stock valued at $30,000 after purchasing an additional 229 shares during the last quarter. Arlington Trust Co LLC acquired a new stake in shares of Canadian National Railway in the 4th quarter valued at approximately $30,000. Coastline Trust Co bought a new position in shares of Canadian National Railway in the third quarter valued at $34,000. Thurston Springer Miller Herd & Titak Inc. increased its holdings in Canadian National Railway by 48.2% during the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 332 shares of the transportation company’s stock worth $34,000 after buying an additional 108 shares during the last quarter. Finally, Reston Wealth Management LLC bought a new stake in Canadian National Railway during the third quarter worth $41,000. 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.