Is Canadian Railway (NYSE:CNI) Now a Sell? Goldman Sachs Downgrades Stock

Railcars on a track

The firm owned 39,895,124 shares of the transportation company's stock after selling 351,277 shares during the quarter. Meridian Wealth Management LLC's holdings in Canadian National Railway were worth $515,000 as of its most recent SEC filing. About 1.08M shares traded. More interesting news about Canadian National Railway Company (NYSE:CNI) were released by: Globenewswire.com and their article: "CN current to grain vehicle order demand in Western Canada" published on May 02, 2018 as well as Globenewswire.com's news article titled: "CN announces election of directors" with publication date: April 24, 2018. For the next fiscal year, analysts anticipate that the firm will post earnings of $11.59 per share, with EPS estimates ranging from $10.98 to $12.07.

Canadian National Railway Company engages in rail and related transportation business. Institutional investors and hedge funds own 54.48% of the company's stock.

CP has been the topic of several analyst reports. Cowen restated a "buy" rating and issued a $87.00 target price on shares of Canadian National Railway in a research report on Tuesday.

New York-listed Canadian Railway (NYSE:CNI), was downgraded by expert analysts at Goldman Sachs who downgraded their rating on the $58.53B market cap firm to a Hold, but chose to stick with their target price of $102.0000 on CNI shares. Zacks Investment Research lowered Canadian Pacific Railway from a "hold" rating to a "sell" rating in a research note on Tuesday, March 27th. The stock of Canadian National Railway Company (NYSE:CNI) has "Hold" rating given on Wednesday, October 26 by Stifel Nicolaus. Finally, Raymond James upgraded Canadian National Railway from a "market perform" rating to an "outperform" rating and set a $80.81 price target on the stock in a research report on Tuesday, April 3rd. The rating was maintained by Susquehanna with "Hold" on Tuesday, January 23. Susquehanna maintained Canadian National Railway Company (NYSE:CNI) rating on Tuesday, January 16. Susquehanna has "Hold" rating and $8200 target. The firm had revenue of C$1.66 billion during the quarter, compared to analysts' expectations of C$1.68 billion. The company has a debt-to-equity ratio of 1.18, a quick ratio of 0.50 and a current ratio of 0.58. Canadian National Railway has a one year low of $79.07 and a one year high of $80.71. The rating was maintained by Deutsche Bank on Friday, February 16 with "Sell". The transportation company reported $2.70 earnings per share (EPS) for the quarter, beating the Thomson Reuters' consensus estimate of $2.16 by $0.54. The company had revenue of $1.66 billion for the quarter, compared to analyst estimates of $1.67 billion. Canadian Pacific Railway had a net margin of 89.03% and a return on equity of 101.93%. Canadian Pacific Railway posted earnings per share of $2.06 in the same quarter last year, which would indicate a positive year over year growth rate of 19.9%.

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Canadian Pacific Railway (NYSE:CP) (TSE:CP) last released its quarterly earnings data on Wednesday, April 18th.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, April 30th. Investors of record on Friday, June 29th will be given a dividend of $0.438 per share. This represents a $2.25 annualized dividend and a yield of 0.95%. Canadian National Railway's dividend payout ratio is now 36.72%.

On 10/26/2016 NYSE:CNI - Canadian National Railway announced a Quarterly dividend of $0.28 with an ex dividend date of 12/7/2016 which will be payable on 12/30/2016.

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