Is Canadian Railway (NYSE:CNI) Worth Your Time and Dime After a Macquarie Downgrade?

May 18, 2018 - By Tina Thibodeau

Canadian National Railway Company (NYSE:CNI) Logo

Canadian Railway (NYSE:CNI) Receives a Downgrade

Expert analysts at the Macquarie equity research division decreased the rating of Canadian Railway (NYSE:CNI) shares to a Hold on 17 May.

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. The stock of Canadian National Railway Company (NYSE:CNI) has “Buy” rating given on Tuesday, April 3 by Raymond James. The company was maintained on Tuesday, April 24 by Susquehanna. Susquehanna maintained the stock with “Hold” rating in Tuesday, January 23 report. The firm has “Hold” rating given on Friday, February 16 by Argus Research. Credit Suisse maintained Canadian National Railway Company (NYSE:CNI) on Wednesday, January 24 with “Neutral” rating. Susquehanna maintained Canadian National Railway Company (NYSE:CNI) on Monday, April 2 with “Hold” rating. The firm has “Outperform” rating given on Wednesday, January 24 by Macquarie Research. Bank of America downgraded Canadian National Railway Company (NYSE:CNI) on Tuesday, March 6 to “Underperform” rating. The stock of Canadian National Railway Company (NYSE:CNI) has “Buy” rating given on Wednesday, February 28 by Cowen & Co. Goldman Sachs downgraded Canadian National Railway Company (NYSE:CNI) on Monday, May 14 to “Hold” rating.

The stock increased 0.95% or $0.79 during the last trading session, reaching $83.97. About 1.56 million 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: Seekingalpha.com which released: “Protect Your Investments With A Deep Moat” on April 30, 2018, also Nasdaq.com with their article: “Duos Technologies Reports First Quarter 2018 Results and Introduces Revenue Guidance for Full Year 2018 of $9.3 …” published on May 16, 2018, Globenewswire.com published: “CN current to grain car order demand in Western Canada” on May 02, 2018. More interesting news about Canadian National Railway Company (NYSE:CNI) were released by: Fool.ca and their article: “The Lucky 7” published on May 17, 2018 as well as Globenewswire.com‘s news article titled: “CN announces election of directors” with publication date: April 24, 2018.

Canadian National Railway Company (NYSE:CNI) Ratings Chart

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