How Analysts Rated Canadian National Railway Company (TSE:CNR) Last Week?

Marco Green
December 16, 2017

Tetrem Capital Management Ltd who had been investing in Canadian Natl Ry Co for a number of months, seems to be less bullish one the $60.74B market cap company. The hedge fund run by Boaz Weinstein held 1.14 million shares of the company at the end of 2017Q2, valued at $39.21 million, down from 1.18 million at the end of the previous reported quarter. Dollar General Corporation (NYSE:DG) has declined 12.26% since December 16, 2016 and is downtrending. It has outperformed by 3.79% the S&P500.

Analysts await Canadian National Railway Company (NYSE:CNI) to report earnings on January, 23. MA now owns 2,002,656 shares of the transportation company's stock worth $294,229,000 after buying an additional 28,360 shares during the last quarter. The institutional investor owned 3,080,214 shares of the transportation company's stock after buying an additional 146,826 shares during the period. The stock decreased 0.64% or $0.52 during the last trading session, reaching $80.41. About 4.25M shares traded or 73.53% up from the average. Loop Capital upgraded the stock to "Buy" rating in Wednesday, January 4 report. It has outperformed by 13.33% the S&P500. Three equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company.

CNI has been the subject of a number of research analyst reports. The rating was maintained by Bank of America on Friday, October 20 with "Buy". The rating was maintained by Barclays Capital on Monday, April 11 with "Overweight". The stock now has a consensus rating of "Hold" and a consensus price target of $79.67. National Bank Financial now has a sector perform rating on the stock. As per Friday, August 26, the company rating was maintained by UBS.

3G Capital Partners Lp, which manages about $11.34 billion and $1.24 billion US Long portfolio, decreased its stake in Eog Res Inc (Put) (NYSE:EOG) by 150,000 shares to 100,000 shares, valued at $9.00M in 2017Q2, according to the filing. This represents a $1.76 dividend on an annualized basis and a yield of 0.98%. 71 funds opened positions while 178 raised stakes. 283.35 million shares or 0.22% more from 282.74 million shares in 2017Q1 were reported. Fifth Third Natl Bank holds 0.01% or 30,925 shares in its portfolio. 11,368 shares valued at $1.06M were sold by Ravener Robert D on Tuesday, December 12. First Allied Advisory holds 22,645 shares. Stock repurchase plans are typically a sign that the company's management believes its shares are undervalued. Bnp Paribas Asset Mngmt Holding reported 814,139 shares or 0.24% of all its holdings. Harber Asset Management Limited Liability Corporation owns 123,218 shares or 3.65% of their U.S. portfolio. Riverpark Advisors Ltd owns 1.12% invested in The Blackstone Group L.P. (NYSE:BX) for 295,498 shares.

Among 10 analysts covering Canadian National Railway (TSE:CNR), 7 have Buy rating, 0 Sell and 3 Hold. Therefore 48% are positive.

Sarasin & Partners LLP lessened its stake in shares of Canadian Pacific Railway Limited (NYSE:CP) (TSE:CP) by 44.2% during the 3rd quarter, according to its most recent disclosure with the SEC. The firm has "Neutral" rating by Goldman Sachs given on Tuesday, September 6. On Thursday, November 19 the stock rating was maintained by National Bank Canada with "Outperform". Argus lifted their target price on shares of Canadian Pacific Railway from $180.00 to $200.00 and gave the stock a "buy" rating in a research report on Thursday, October 19th. The rating was upgraded by TD Securities on Tuesday, September 8 to "Buy". On Thursday, April 21 the stock rating was maintained by Cowen & Co with "Outperform". Stifel Nicolaus reissued a "hold" rating and set a $89.00 target price on shares of Canadian National Railway in a research report on Friday, October 6th. The rating was downgraded by Raymond James to "Mkt Perform" on Wednesday, October 25.

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