Published: Tue, May 15, 2018
Markets | By Otis Pena

Goldman Sachs Has Decided To Downgrade Canadian Railway (NYSE:CNI) Shares

News coverage about Canadian Pacific Railway (NYSE:CP) (TSE:CP) has trended somewhat positive recently, Accern reports. The institutional investor owned 85,675 shares of the transportation company's stock after buying an additional 53,410 shares during the period. Inc.'s holdings in Canadian National Railway were worth $6,265,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of the business. The company reported C$2.70 earnings per share for the quarter, missing the Zacks' consensus estimate of C$2.76 by C ($0.06).

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. Finally, MUFG Americas Holdings Corp boosted its stake in Canadian National Railway by 15.4% in the 4th quarter.

A number of analysts have issued reports on CNI shares.

Canadian National Railway (NYSE:CNI) stock was downgraded by Goldman Sachs from Buy ➝ Neutral to with a price target of $102.00.

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Canadian National Railway (TSE:CNR) (NYSE:CNI) has been given an average rating of "Buy" by the eleven analysts that are covering the firm, MarketBeat reports. The stock of Canadian National Railway Company (NYSE:CNI) earned "Buy" rating by Raymond James on Tuesday, April 3. Deutsche Bank maintained Canadian National Railway Company (NYSE:CNI) on Friday, February 16 with "Sell" rating. CIBC cut shares of Canadian National Railway from an "outperform" rating to a "neutral" rating and set a C$105.00 target price for the a research note on Tuesday, May 1st. The firm earned "Hold" rating on Tuesday, January 23 by Susquehanna.

Here we'll take a quick glance at how the stock price is now trading in relation to some of its simple moving averages.

Canadian Pacific Railway stock opened at $187.56 on Monday. The company has a market capitalization of $26.80 billion, a P/E ratio of 21.24, a price-to-earnings-growth ratio of 1.55 and a beta of 1.04. The company has a current ratio of 0.61, a quick ratio of 0.50 and a debt-to-equity ratio of 0.56. Canadian National Railway has a 52 week low of C$90.84 and a 52 week high of C$108.64. The stock has "Hold" rating by Susquehanna on Tuesday, January 16. (NasdaqGS:BBBY) is 1. A company with a value of 0 is thought to be an undervalued company, while a company with a value of 100 is considered an overvalued company. Canadian Pacific Railway had a return on equity of 101.93% and a net margin of 89.03%. About 1.08M shares traded.

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 29th. Stockholders of record on Friday, June 29th will be given a dividend of $0.5625 per share. This represents a $1.75 dividend on an annualized basis and a dividend yield of 0.93%.

The 12 month volatility of Canadian Pacific Railway Limited (TSX:CP) is 19.810300. Canadian National Railway Company (NYSE:CNI) has declined 1.34% since May 14, 2017 and is downtrending. 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. Developed by hedge fund manager Joel Greenblatt, the intention of the formula is to spot high quality companies that are trading at an attractive price.

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