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

Railcars on a track

Canadian Pacific Railway Limited's PEG is 1.19. They expect $2.47 EPS, up 19.90% or $0.41 from last year's $2.06 per share. Canadian National Railway had 74 analyst reports since July 21, 2015 according to SRatingsIntel. From the start of the calendar year, shares have been 0.55%. Zacks' sales averages are an average based on a survey of sell-side analysts that follow Canadian Pacific Railway. The stock of Canadian National Railway Company (NYSE:CNI) has "Hold" rating given on Thursday, March 8 by Credit Suisse. The company had revenue of $1.66 billion during the quarter, compared to the consensus estimate of $1.67 billion. The company's EPS growth rate for past five years was 25.60%. The Fayerweather Charles holds 37,930 shares with $3.13 million value, down from 44,992 last quarter. The transportation company reported $2.70 EPS for the quarter, beating analysts' consensus estimates of $2.16 by $0.54. Cowen & Co maintained Canadian National Railway Company (NYSE:CNI) on Friday, September 29 with "Buy" rating.

In a research report published today, Goldman Sachs decreased shares of Canadian National Railway Company Common Stock (NYSE:CNI) to a Neutral rating from the previous Buy rating. The firm now has an outperform rating on the stock.

Among 10 analysts covering Canadian National Railway (TSE:CNR), 7 have Buy rating, 0 Sell and 3 Hold. Finally, Morgan Stanley lowered their price objective on Canadian Pacific Railway from $248.00 to $243.00 and set an "overweight" rating on the stock in a research note on Friday, April 6th. Susquehanna maintained the shares of CNI in report on Tuesday, January 23 with "Hold" rating.

Platform Specialty Products Corporation is maintained at an average outperform rating by 12 stock analysts, and there are at least 9.88% of shares outstanding that are now legally short sold. The rating was downgraded by Argus Research on Friday, February 16 to "Hold".

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Canadian National Railway Company (CNI) stock moved above 4.38% in contrast to its 20 day moving average displaying short-term an upside movement of stock. When beta is less/more than 1, it can be read that the stock is theoretically less/more volatile than the market.

The firm also recently declared a quarterly dividend, which will be paid on Monday, July 30th. This represents a $1.44 annualized dividend and a yield of 1.79%.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Brookfield Asset Management Inc. boosted its holdings in shares of Canadian Pacific Railway by 86.6% during the fourth quarter. Marathon Asset Management LLP boosted its position in Canadian Pacific Railway by 0.4% in the 4th quarter. The firm owned 13,805 shares of the transportation company's stock after purchasing an additional 12,420 shares during the period. Schroder Investment Management Group lifted its holdings in shares of Canadian National Railway by 543.8% in the 4th quarter. The stock increased 1.66% or $1.34 during the last trading session, reaching $82.08. Finally, Virtu Financial LLC purchased a new stake in shares of Canadian Pacific Railway during the fourth quarter worth about $254,000. More interesting news about Canadian Pacific Railway Limited (NYSE:CP) were released by: "Prnewswire.com and their article: "Railroads Stocks on Investors' Radar - Canadian Pacific Railway, Greenbrier, Trinity Industries, and Union Pacific" published on May 08, 2018 as well as Finance.Yahoo.com's news article titled: "5 Notable Dividend Increases From the Past Week â€" Including Phillips 66" with publication date: "May 15, 2018. Canadian Pacific Railway Limited's EPS is 15.40. The company transports bulk commodities, including grain, coal, potash, fertilizers, and sulphur; and merchandise freight, such as finished vehicles and machineries, automotive parts, chemicals and plastics, petroleum and crude products, and metals and minerals, as well as forest, industrial, and consumer products.

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