Canadian National Railway (TSE:CNR) Price Target Cut to C$185.00

Canadian National Railway (TSE:CNR) (NYSE:CNI) had its price objective lowered by equities research analysts at TD Securities from C$190.00 to C$185.00 in a research note issued to investors on Friday, BayStreet.CA reports. TD Securities’ target price would indicate a potential upside of 12.29% from the company’s current price.

Several other research analysts have also recently weighed in on the stock. Desjardins boosted their price objective on shares of Canadian National Railway from C$189.00 to C$195.00 and gave the company a “buy” rating in a report on Friday, April 12th. Royal Bank of Canada boosted their target price on shares of Canadian National Railway from C$171.00 to C$172.00 and gave the company a “sector perform” rating in a research note on Wednesday, April 24th. BMO Capital Markets dropped their price target on Canadian National Railway from C$195.00 to C$188.00 and set an “outperform” rating on the stock in a research note on Wednesday, June 19th. National Bank Financial upgraded Canadian National Railway from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, June 26th. Finally, Sanford C. Bernstein cut Canadian National Railway from an “outperform” rating to a “market perform” rating and dropped their target price for the stock from C$195.00 to C$179.00 in a research report on Monday. One analyst has rated the stock with a sell rating, seven have assigned a hold rating, five have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of C$182.79.

Canadian National Railway Stock Up 1.3 %

Canadian National Railway stock traded up C$2.04 during trading hours on Friday, hitting C$164.75. The stock had a trading volume of 351,497 shares, compared to its average volume of 1,079,516. The stock’s 50-day moving average price is C$167.82 and its 200-day moving average price is C$170.89. Canadian National Railway has a 12-month low of C$143.13 and a 12-month high of C$181.34. The company has a quick ratio of 0.58, a current ratio of 0.60 and a debt-to-equity ratio of 101.48. The stock has a market capitalization of C$104.81 billion, a P/E ratio of 20.10, a price-to-earnings-growth ratio of 2.06 and a beta of 0.66.

Canadian National Railway (TSE:CNR) (NYSE:CNI) last announced its quarterly earnings data on Tuesday, April 23rd. The company reported C$1.72 earnings per share for the quarter, hitting analysts’ consensus estimates of C$1.72. Canadian National Railway had a net margin of 32.86% and a return on equity of 27.06%. The company had revenue of C$4.25 billion during the quarter, compared to analyst estimates of C$4.29 billion. Equities research analysts anticipate that Canadian National Railway will post 7.7897884 EPS for the current fiscal year.

Insider Buying and Selling

In other news, Director Shauneen Elizabeth Bruder bought 544 shares of the firm’s stock in a transaction on Tuesday, June 25th. The stock was acquired at an average cost of C$160.21 per share, with a total value of C$87,156.42. 1.69% of the stock is owned by insiders.

About Canadian National Railway

Canadian National Railway Company, together with its subsidiaries, engages in the rail, intermodal, trucking, and marine transportation and logistics business in Canada and the United States. The company provides rail services, which include equipment, custom brokerage services, transloading and distribution, business development and real estate, and private car storage services; and intermodal services, such as temperature controlled cargo, port partnerships, and logistics parks.