What Can We Expect After Canadian National Railway Company Common Stock (NYSE:CNI)’s Downgrade By Macquarie?

May 17, 2018 - By Jeanette Kaplan

Canadian National Railway Company (NYSE:CNI) Logo

Canadian National Railway Company Common Stock (NYSE:CNI) Receives a Downgrade

It appears that trading for shares of Canadian National Railway Company Common Stock (NYSE:CNI) will be interesting to watch today. Macquarie lowered the stock from their past Outperform rating to a more current Neutral.

Canadian National Railway Company (NYSE:CNI) Ratings Coverage

Among 9 analysts covering Canadian Railway (NYSE:CNI), 3 have Buy rating, 2 Sell and 4 Hold. Therefore 33% are positive. Canadian Railway has $10200 highest and $69 lowest target. $82.80’s average target is -1.39% below currents $83.97 stock price. Canadian Railway had 14 analyst reports since January 16, 2018 according to SRatingsIntel. Goldman Sachs downgraded Canadian National Railway Company (NYSE:CNI) rating on Monday, May 14. Goldman Sachs has “Hold” rating and $10200 target. The stock has “Hold” rating by Argus Research on Friday, February 16. The firm has “Hold” rating by Credit Suisse given on Thursday, March 8. As per Monday, April 2, the company rating was maintained by Susquehanna. As per Tuesday, January 23, the company rating was maintained by Susquehanna. On Wednesday, January 24 the stock rating was upgraded by Macquarie Research to “Outperform”. As per Tuesday, January 16, the company rating was maintained by Susquehanna. The firm has “Underperform” rating given on Tuesday, March 6 by Bank of America. The rating was maintained by Deutsche Bank with “Sell” on Friday, February 16. As per Wednesday, January 24, the company rating was maintained by Credit Suisse.

The stock increased 0.95% or $0.79 during the last trading session, reaching $83.97. About 1.56M shares traded or 4.93% up from the average. Canadian National Railway Company (NYSE:CNI) has declined 1.34% since May 18, 2017 and is downtrending. It has underperformed by 12.89% the S&P500.

Analysts await Canadian National Railway Company (NYSE:CNI) to report earnings on July, 24. They expect $1.02 earnings per share, up 2.00 % or $0.02 from last year’s $1 per share. CNI’s profit will be $746.13 million for 20.58 P/E if the $1.02 EPS becomes a reality. After $0.79 actual earnings per share reported by Canadian National Railway Company for the previous quarter, Wall Street now forecasts 29.11 % EPS growth.

Canadian National Railway Company engages in rail and related transportation business. The company has market cap of $61.42 billion. The firm transports cargo, serving exporters, importers, retailers, farmers, and manufacturers. It has a 15.14 P/E ratio. It operates a network of approximately 20,000 route miles of track spans Canada and mid-America connecting the Atlantic, the Pacific, and the Gulf of Mexico.

More notable recent Canadian National Railway Company (NYSE:CNI) news were published by: 247Wallst.com which released: “Top Analyst Upgrades and Downgrades: AIG, Baxter, Cisco, Eiger Bio, Energy Transfer, Juniper, NOV, Phillips 66 …” on May 17, 2018, also Globenewswire.com with their article: “CN reports Q1-2018 financial results” published on April 23, 2018, Seekingalpha.com published: “Canadian National Railway: Buy Or Hold?” on May 11, 2018. More interesting news about Canadian National Railway Company (NYSE:CNI) were released by: Benzinga.com and their article: “Goldman Sachs Upgrades CSX, Downgrades Canadian National In Second Look At Rail Stocks” published on May 14, 2018 as well as Globenewswire.com‘s news article titled: “Ghislain Houle, CN executive vice-president and chief financial officer, to address the Wolfe Research Transportation …” with publication date: May 17, 2018.

Canadian National Railway Company (NYSE:CNI) Ratings Chart

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