Investment analysts at Deutsche Bank AG assumed coverage on shares of Canadian National Railway Company (NYSE:CNI) (TSE:CNR) in a research report issued to clients and investors on Wednesday. The brokerage set a “sell” rating on the transportation company’s stock.

Several other research analysts also recently issued reports on the company. Cowen and Company reaffirmed a “buy” rating and issued a $83.00 price objective on shares of Canadian National Railway in a research note on Sunday, September 24th. BidaskClub downgraded Canadian National Railway from a “hold” rating to a “sell” rating in a research note on Tuesday, August 1st. Credit Suisse Group reaffirmed a “neutral” rating and issued a $84.00 price objective (up previously from $78.00) on shares of Canadian National Railway in a research note on Thursday, July 13th. They noted that the move was a valuation call. Zacks Investment Research raised Canadian National Railway from a “hold” rating to a “buy” rating and set a $93.00 price objective for the company in a research note on Tuesday, July 11th. Finally, Stifel Nicolaus reaffirmed a “hold” rating and issued a $89.00 price objective on shares of Canadian National Railway in a research note on Friday, October 6th. Two analysts have rated the stock with a sell rating, nine have given a hold rating and five have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $79.86.

Canadian National Railway (CNI) opened at 80.49 on Wednesday. Canadian National Railway has a 52 week low of $61.72 and a 52 week high of $84.48. The stock has a 50 day moving average of $81.50 and a 200 day moving average of $79.40. The company has a market cap of $60.45 billion, a price-to-earnings ratio of 20.36 and a beta of 1.13.

Canadian National Railway declared that its board has initiated a share repurchase program on Tuesday, October 24th that allows the company to buyback 31,000,000 outstanding shares. This buyback authorization allows the transportation company to repurchase shares of its stock through open market purchases. Stock buyback programs are generally a sign that the company’s board believes its shares are undervalued.

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Institutional investors have recently bought and sold shares of the business. Hall Laurie J Trustee boosted its holdings in shares of Canadian National Railway by 4.1% during the 2nd quarter. Hall Laurie J Trustee now owns 1,275 shares of the transportation company’s stock worth $103,000 after buying an additional 50 shares in the last quarter. City Holding Co. boosted its holdings in shares of Canadian National Railway by 15.4% during the 2nd quarter. City Holding Co. now owns 1,313 shares of the transportation company’s stock worth $106,000 after buying an additional 175 shares in the last quarter. Bronfman E.L. Rothschild L.P. boosted its holdings in shares of Canadian National Railway by 0.9% during the 2nd quarter. Bronfman E.L. Rothschild L.P. now owns 1,416 shares of the transportation company’s stock worth $115,000 after buying an additional 12 shares in the last quarter. UBS Asset Management Americas Inc. bought a new position in shares of Canadian National Railway during the 1st quarter worth approximately $123,000. Finally, Proficio Capital Partners LLC boosted its holdings in shares of Canadian National Railway by 0.8% during the 2nd quarter. Proficio Capital Partners LLC now owns 1,783 shares of the transportation company’s stock worth $143,000 after buying an additional 15 shares in the last quarter. Hedge funds and other institutional investors own 54.32% of the company’s stock.

About Canadian National Railway

Canadian National Railway Company is engaged in the rail and related transportation business. The Company’s network of approximately 20,000 route miles of track spans Canada and mid-America, connecting approximately three coasts, including the Atlantic, the Pacific and the Gulf of Mexico and serving the cities and ports of Vancouver, Prince Rupert (British Columbia), Montreal, Halifax, New Orleans, and Mobile (Alabama), and the metropolitan areas of Toronto, Edmonton, Winnipeg, Calgary, Chicago, Memphis, Detroit, Duluth (Minnesota)/Superior (Wisconsin), and Jackson (Mississippi), with connections to all points in North America.

Analyst Recommendations for Canadian National Railway (NYSE:CNI)

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