Economy

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

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

The true range indicator is the greatest of the following: current high less the current low, the absolute value of the current high less the previous close and the absolute value of the current low less the previous close. They expect $2.47 EPS, up 19.90% or $0.41 from last year's $2.06 per share. The business is expected to issue its next quarterly earnings report on Wednesday, July 18th.

Neuburgh Advisers LLC reduced its holdings in Canadian National Railway (NYSE:CNI) (TSE:CNR) by 0.7% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC).

Platform Specialty Products Corporation (PAH) remained successful in beating the consensus-estimated $0.2 as it actually earned $0.21 per share in its last reported financial results. Zacks' sales averages are an average based on a survey of sell-side analysts that follow Canadian Pacific Railway. As per Thursday, March 8, the company rating was maintained by Credit Suisse. Canadian Pacific Railway had a return on equity of 28.51% and a net margin of 35.18%. During the same period in the prior year, the company posted $2.50 EPS. The Broderick Brian C holds 105,378 shares with $8.69 million value, down from 111,011 last quarter.

CP has been the subject of several research analyst reports. The stock of Canadian National Railway Company (NYSE:CNI) has "Hold" rating given on Friday, February 16 by Argus Research. Goldman Sachs upgraded shares of Canadian Pacific Railway from a "neutral" rating to a "buy" rating and raised their price objective for the stock from $176.72 to $213.00 in a report on Tuesday, February 13th. The stock of Canadian National Railway Company (NYSE:CNI) has "Hold" rating given on Wednesday, October 26 by Stifel Nicolaus. The consensus analysts recommendation at this point stands at 2.10 for Canadian Pacific Railway Limited (NYSE:CP). More interesting news about Canadian National Railway Company (NYSE:CNI) were released by: Globenewswire.com and their article: "CN current to grain auto 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. Susquehanna maintained Canadian National Railway Company (NYSE:CNI) on Tuesday, January 16 with "Hold" rating. With the firm's stock price now trading around $52.30, the firm has proven a solid track record of growth over the recent years. Susquehanna has "Hold" rating and $8100 target. Canadian Pacific Railway has a 1 year low of C$189.57 and a 1 year high of C$241.14. The company has a quick ratio of 0.50, a current ratio of 0.58 and a debt-to-equity ratio of 1.18.

A number of other research firms have also weighed in on CNI. Shareholders of record on Friday, June 29th will be paid a $0.438 dividend. The ex-dividend date of this dividend is Thursday, June 28th. This represents a $1.75 annualized dividend and a dividend yield of 0.95%. Canadian National Railway's payout ratio is 36.72%.

Institutional investors and hedge funds have recently made changes to their positions in the business. The Company operates in rail transportation segment. Brookfield Asset Management Inc. boosted its holdings in shares of Canadian Pacific Railway by 86.6% during the fourth quarter. Causeway Capital Management Llc sold 43,675 shares as the company's stock declined 4.52% with the market. Picton Mahoney Asset Management acquired a new stake in shares of Canadian National Railway in the 4th quarter valued at approximately $141,338,000. Schroder Investment Management Group lifted its holdings in shares of Canadian National Railway by 543.8% in the 4th quarter. The firm owned 88,638 shares of the transportation company's stock after selling 660 shares during the quarter. Merchandise freight consists of finished vehicles and automotive parts, as well as forest and industrial and consumer products.



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