Macquarie Hits Canadian Railway (NYSE:CNI) Hard With Today's Downgrade

Cornelia Mascio
Mag 18, 2018

Two investment analysts have rated the stock with a sell rating, eight have given a hold rating and eight have assigned a buy rating to the company.

Canadian National Railway Company engages in rail and related transportation business.

A number of other large investors have also recently added to or reduced their stakes in the business. About 1.56M shares traded or 4.93% up from the average. The company was upgraded on Tuesday, April 3 by Raymond James. Addenda Capital Inc. now owns 604,928 shares of the transportation company's stock worth $50,041,000 after acquiring an additional 83,245 shares during the period. The business's revenue was down.4% compared to the same quarter last year. research analysts anticipate that Canadian National Railway will post 4.02 EPS for the current fiscal year. APG Asset Management N.V. now owns 2,011,275 shares of the transportation company's stock worth $138,563,000 after buying an additional 291,100 shares during the period. Finally, Montrusco Bolton Investments Inc. grew its position in Canadian National Railway by 2.1% in the fourth quarter. Scotia Capital Inc. now owns 1,957,586 shares of the transportation company's stock worth $161,389,000 after buying an additional 53,558 shares during the period.

The stock increased 0.95% or $0.79 during the last trading session, reaching $83.97. The stock now has an average rating of Hold and a consensus price target of $82.48. Canadian Pacific Railway has a 1-year low of C$189.57 and a 1-year high of C$241.14. The company has a debt-to-equity ratio of 0.56, a current ratio of 0.61 and a quick ratio of 0.50. The company has market cap of $61.42 billion.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last issued its earnings results on Monday, April 23rd. The company reported C$2.70 earnings per share (EPS) for the quarter, missing the Thomson Reuters' consensus estimate of C$2.76 by C ($0.06). Canadian National Railway had a return on equity of 23.02% and a net margin of 41.03%. The company had revenue of $3.19 billion for the quarter, compared to analysts' expectations of $3.16 billion. During the same quarter in the prior year, the firm earned $1.15 earnings per share. Shareholders of record on Friday, June 29th will be issued a $0.5625 dividend. This represents a $2.25 dividend on an annualized basis and a dividend yield of 0.95%. The ex-dividend date of this dividend is Thursday, June 7th. Canadian National Railway's dividend payout ratio (DPR) is presently 36.72%.

Several research firms have recently issued reports on CP. Macquarie Research upgraded the shares of CNI in report on Wednesday, January 24 to "Outperform" rating.

In an analyst report published on Thursday morning, Macquarie revealed that they have chose to downgrade shares of Canadian Railway (NYSE:CNI) to a "Hold". Royal Bank of Canada increased their price target on shares of Canadian Pacific Railway from C$256.00 to C$258.00 and gave the stock an "outperform" rating in a report on Thursday, April 19th. UBS decreased their price target on shares of Canadian Pacific Railway from C$270.00 to C$266.00 in a report on Friday, January 19th. The firm has "Sell" rating given on Friday, February 16 by Deutsche Bank. Canadian National Railway Company (NYSE:CNI) has declined 1.34% since May 18, 2017 and is downtrending. The company transports cargo serving exporters, importers, retailers, farmers, and manufacturers.

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