Canadian National Railway (NYSE:CNI) Rating Increased to Overweight at JPMorgan Chase & Co.

Canadian National Railway (NYSE:CNI) (TSE:CNR) was upgraded by stock analysts at JPMorgan Chase & Co. from a “neutral” rating to an “overweight” rating in a report issued on Tuesday,Finviz reports.

A number of other brokerages have also recently weighed in on CNI. The Goldman Sachs Group dropped their price objective on shares of Canadian National Railway from $131.00 to $124.00 and set a “sell” rating for the company in a research note on Wednesday, October 9th. Bank of America cut shares of Canadian National Railway from a “buy” rating to a “neutral” rating and dropped their price objective for the stock from $129.00 to $122.00 in a research note on Friday, October 4th. Wells Fargo & Company upgraded shares of Canadian National Railway from an “equal weight” rating to an “overweight” rating and set a $125.00 target price on the stock in a research report on Monday, October 7th. Susquehanna decreased their target price on shares of Canadian National Railway from $130.00 to $125.00 and set a “neutral” rating on the stock in a research report on Wednesday, October 23rd. Finally, Stifel Nicolaus raised their target price on shares of Canadian National Railway from $130.00 to $132.00 and gave the stock a “hold” rating in a research report on Wednesday, October 23rd. One equities research analyst has rated the stock with a sell rating, twelve have given a hold rating, five have assigned a buy rating and three have assigned a strong buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $125.86.

Canadian National Railway Trading Up 1.0 %

Shares of Canadian National Railway stock opened at $103.53 on Tuesday. Canadian National Railway has a 12-month low of $98.96 and a 12-month high of $134.02. The company has a current ratio of 0.64, a quick ratio of 0.49 and a debt-to-equity ratio of 0.96. The stock has a market cap of $65.13 billion, a PE ratio of 16.59, a price-to-earnings-growth ratio of 2.43 and a beta of 0.91. The company has a 50-day moving average of $106.96 and a two-hundred day moving average of $112.86.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last issued its quarterly earnings data on Tuesday, October 22nd. The transportation company reported $1.72 earnings per share for the quarter, topping analysts’ consensus estimates of $1.70 by $0.02. Canadian National Railway had a net margin of 31.65% and a return on equity of 23.62%. The business had revenue of $4.11 billion during the quarter, compared to analysts’ expectations of $4.08 billion. During the same period last year, the company posted $1.26 EPS. The company’s revenue was up 3.1% on a year-over-year basis. On average, research analysts anticipate that Canadian National Railway will post 5.31 EPS for the current fiscal year.

Hedge Funds Weigh In On Canadian National Railway

Hedge funds and other institutional investors have recently made changes to their positions in the business. XTX Topco Ltd lifted its holdings in shares of Canadian National Railway by 43.3% during the 3rd quarter. XTX Topco Ltd now owns 15,552 shares of the transportation company’s stock valued at $1,822,000 after acquiring an additional 4,698 shares in the last quarter. Unigestion Holding SA increased its stake in Canadian National Railway by 363.6% during the 3rd quarter. Unigestion Holding SA now owns 153,880 shares of the transportation company’s stock worth $18,012,000 after buying an additional 120,687 shares during the period. Principal Financial Group Inc. increased its stake in Canadian National Railway by 29.6% during the 3rd quarter. Principal Financial Group Inc. now owns 92,300 shares of the transportation company’s stock worth $10,820,000 after buying an additional 21,100 shares during the period. Connor Clark & Lunn Investment Management Ltd. increased its stake in Canadian National Railway by 5.4% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 3,962,972 shares of the transportation company’s stock worth $464,002,000 after buying an additional 202,303 shares during the period. Finally, Partners Group Holding AG increased its stake in Canadian National Railway by 16.3% during the 3rd quarter. Partners Group Holding AG now owns 406,066 shares of the transportation company’s stock worth $47,571,000 after buying an additional 56,849 shares during the period. Institutional investors and hedge funds 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.