Canadian National Railway (TSE:CNR) Upgraded by Stephens to “Hold”

Canadian National Railway (TSE:CNR) (NYSE:CNI) was upgraded by research analysts at Stephens to a “hold” rating in a note issued to investors on Wednesday, Zacks.com reports.

CNR has been the topic of a number of other research reports. National Bankshares cut their price objective on shares of Canadian National Railway from C$190.00 to C$186.00 and set an “outperform” rating on the stock in a report on Wednesday. TD Securities cut their price objective on shares of Canadian National Railway from C$185.00 to C$180.00 and set a “hold” rating on the stock in a report on Wednesday. Barclays cut their price objective on shares of Canadian National Railway from C$175.00 to C$165.00 in a report on Wednesday. UBS Group cut their price objective on shares of Canadian National Railway from C$202.00 to C$189.00 in a report on Wednesday. Finally, JPMorgan Chase & Co. cut their price objective on shares of Canadian National Railway from C$180.00 to C$176.00 in a report on Wednesday. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating, five have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of C$179.29.

Canadian National Railway Price Performance

Shares of TSE CNR opened at C$156.82 on Wednesday. Canadian National Railway has a 1 year low of C$143.13 and a 1 year high of C$181.34. The company has a debt-to-equity ratio of 101.48, a current ratio of 0.60 and a quick ratio of 0.58. The company’s 50-day moving average is C$166.34 and its 200 day moving average is C$170.77. The stock has a market capitalization of C$99.77 billion, a P/E ratio of 19.12, a P/E/G ratio of 2.06 and a beta of 0.66.

Canadian National Railway (TSE:CNR) (NYSE:CNI) last announced its quarterly earnings results on Tuesday, April 23rd. The company reported C$1.72 earnings per share (EPS) for the quarter, meeting the consensus estimate of C$1.72. Canadian National Railway had a net margin of 32.86% and a return on equity of 27.06%. The company had revenue of C$4.25 billion for the quarter, compared to analysts’ expectations of C$4.29 billion. On average, sell-side analysts expect that Canadian National Railway will post 7.7897884 earnings per share for the current year.

Insider Activity at Canadian National Railway

In related news, Director Shauneen Elizabeth Bruder acquired 544 shares of the stock in a transaction that occurred on Tuesday, June 25th. The shares were bought at an average price of C$160.21 per share, for a total transaction of C$87,156.42. 1.69% of the stock is owned by insiders.

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.