Canadian National Railway Company (NYSE:CNI) Given Consensus Recommendation of “Hold” by Brokerages

Shares of Canadian National Railway Company (NYSE:CNI) (TSE:CNR) have earned a consensus rating of “Hold” from the eighteen ratings firms that are covering the stock, MarketBeat reports. Two investment analysts have rated the stock with a sell recommendation, eight have given a hold recommendation, seven have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year target price among brokerages that have issued ratings on the stock in the last year is $113.90.

CNI has been the subject of a number of research analyst reports. Susquehanna decreased their price target on Canadian National Railway from $120.00 to $115.00 and set a “positive” rating for the company in a research note on Thursday, September 25th. National Bank Financial lowered Canadian National Railway from an “outperform” rating to a “sector perform” rating in a research note on Wednesday, July 23rd. Wall Street Zen raised Canadian National Railway from a “sell” rating to a “hold” rating in a research note on Saturday, October 18th. Citigroup decreased their price target on Canadian National Railway from $121.00 to $119.00 and set a “buy” rating for the company in a research note on Monday, October 13th. Finally, Bank of America decreased their price target on Canadian National Railway from $106.00 to $102.00 and set a “neutral” rating for the company in a research note on Monday, September 29th.

Canadian National Railway Price Performance

NYSE:CNI opened at $93.08 on Friday. The firm has a market capitalization of $57.59 billion, a price-to-earnings ratio of 17.90, a PEG ratio of 2.16 and a beta of 0.96. Canadian National Railway has a 1 year low of $91.07 and a 1 year high of $114.13. The business has a 50 day simple moving average of $95.03 and a 200-day simple moving average of $98.79. The company has a debt-to-equity ratio of 0.90, a current ratio of 0.82 and a quick ratio of 0.58.

Institutional Investors Weigh In On Canadian National Railway

Institutional investors and hedge funds have recently modified their holdings of the business. Founders Capital Management LLC purchased a new position in Canadian National Railway during the 2nd quarter worth $3,335,000. Goldman Sachs Group Inc. increased its holdings in Canadian National Railway by 39.6% during the 1st quarter. Goldman Sachs Group Inc. now owns 2,664,618 shares of the transportation company’s stock worth $259,694,000 after purchasing an additional 755,518 shares during the period. TD Asset Management Inc increased its holdings in Canadian National Railway by 2.3% during the 2nd quarter. TD Asset Management Inc now owns 12,072,540 shares of the transportation company’s stock worth $1,255,385,000 after purchasing an additional 273,974 shares during the period. GAMMA Investing LLC increased its holdings in Canadian National Railway by 31.3% during the 1st quarter. GAMMA Investing LLC now owns 718 shares of the transportation company’s stock worth $70,000 after purchasing an additional 171 shares during the period. Finally, Cardinal Capital Management Inc. increased its holdings in Canadian National Railway by 3.1% during the 2nd quarter. Cardinal Capital Management Inc. now owns 731,350 shares of the transportation company’s stock worth $76,178,000 after purchasing an additional 22,035 shares during the period. 80.74% of the stock is owned by 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.