CIBC Upgrades Rating On Canadian National Railway Company (CNI)

Lloyd Doyle
November 14, 2017

Taking a deeper look into the technical levels of Canadian National Railway Company (CNI), we can see that the Williams Percent Range or 14 day Williams %R now sits at -61.33.

Needle moving action has been spotted in Canadian National Railway Company (CNI) as shares are moving today on volatility -0.72% or -0.58 from the open.

Traders are a little more bullish on shares of the company recently if you put credence in the change in short interest. CLSA initiated Canadian National Railway (USA) (NYSE:CNI) on Thursday, May 19 with "Sell" rating. The firm has "Outperform" rating given on Wednesday, January 4 by Raymond James. It also reduced Svb Finl Group (NASDAQ:SIVB) stake by 66,865 shares and now owns 1.56M shares. The company has a market cap of $60,434.10, a PE ratio of 20.98, a PEG ratio of 2.18 and a beta of 1.11. The stock decreased 0.83% or $0.67 during the last trading session, reaching $80.33. The NYSE listed company saw a recent bid of $45.12 and 282123 shares have traded hands in the session. Waste Management, Inc. (NYSE:WM) has risen 16.03% since November 13, 2016 and is uptrending. It has underperformed by 0.05% the S&P500. Caisse DE Depot ET Placement DU Quebec lifted its position in shares of Canadian National Railway by 0.3% in the 3rd quarter. It also increased its holding in Diplomat Pharmacy Inc. (NYSE:LOW) for 207 shares.

Mawer Investment Management Ltd. reports that it bought 233,468 shares last quarter increasing its holdings in Canadian Pacific Railway by 23.8%. APG Asset Management N.V. now owns 1,720,175 shares of the transportation company's stock valued at $142,193,000 after buying an additional 578,200 shares in the last quarter. CNI's profit will be $754.55 million for 19.89 P/E if the $1.01 EPS becomes a reality. After $1.05 actual EPS reported by Canadian National Railway (USA) for the previous quarter, Wall Street now forecasts -3.81% negative EPS growth.

Canadian Pacific Railway Limited Common Stock (NYSE:CP) coverage was initiated with a key '"Buy"' rating as well as a $209 target price per share at Deutsche Bank. Therefore 40% are positive. Credit Suisse Group reaffirmed a neutral rating on shares of Canadian National Railway in a report on Friday, July 28th. The stock of STMicroelectronics NV (ADR) (NYSE:STM) has "Underperform" rating given on Friday, September 2 by Bank of America.

Equities researchers at Deutsche Bank issued a key "Sell" rating for Canadian National Railway Company Common Stock (NYSE:CNI). The firm has "Equal-Weight" rating by Stephens given on Tuesday, March 15. The firm earned "Outperform" rating on Wednesday, September 9 by Raymond James. The stock has "Outperform" rating by Cowen & Co on Monday, October 5. Robert W. Baird maintained it with "Buy" rating and $28.0 target in Thursday, October 26 report.

On October 18 BMO Capital Markets kept the company rating at "Buy" projecting a price of $238.00. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating and seven have given a buy rating to the company. Therefore 53% are positive. The rating was upgraded by JP Morgan to "Overweight" on Tuesday, July 11. The rating was maintained by Jefferies with "Hold" on Tuesday, June 20.

Gates Capital Management Inc increased Grace W R & Co Del New (NYSE:GRA) stake by 240,817 shares to 1.90 million valued at $136.48 million in 2017Q2. Citigroup has "Buy" rating and $155 target. The company is scheduled to issue its next earnings report on Tuesday, January 23rd. The firm has "Buy" rating given on Thursday, August 24 by Loop Capital. The firm earned "Hold" rating on Friday, August 18 by Keefe Bruyette & Woods. The stock saw a fall in short interest of -13.75% as of the latest report on October 31, 2017. The rating was upgraded by Societe Generale on Friday, October 20 to "Buy". The company was maintained on Thursday, October 5 by Stifel Nicolaus.

Investors sentiment increased to 1.03 in 2017 Q2. The company reported $1.25 earnings per share for the quarter, topping the Zacks' consensus estimate of $0.92 by $0.33. 79 funds opened positions while 269 raised stakes. (NYSE:PM) for 60,897 shares. Mercer Cap Advisers Inc has invested 0.46% of its portfolio in Waste Management, Inc. (NYSE:PM) for 33,476 shares. (NYSE:PM) for 77,182 shares. Shine Investment Advisory Svcs has 0.01% invested in Lowe's Companies, Inc. Guardian Limited Partnership reported 27,871 shares stake. Nfc Ltd holds 562,220 shares or 3.14% of its portfolio. Capstone Asset reported 0.36% in Lowe's Companies, Inc. (NYSE:WM). Moreover, Prudential Plc has 0.01% invested in Waste Management, Inc. Donaldson Cap Limited Com owns 320,297 shares or 3.32% of their U.S. portfolio. New York State Teachers Retirement holds 0.79% of its portfolio in Philip Morris International Inc. Bkd Wealth Advisors Ltd owns 44,629 shares or 0.46% of their USA portfolio. Country National Bank reported 74 shares or 0% of all its holdings.

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