Canadian National Railway (TSE:CNR) Price Target Cut to C$180.00

Canadian National Railway (TSE:CNR) (NYSE:CNI) had its price objective cut by analysts at Desjardins from C$181.00 to C$180.00 in a note issued to investors on Wednesday, BayStreet.CA reports. The firm currently has a “buy” rating on the stock. Desjardins’ price objective suggests a potential upside of 14.53% from the stock’s previous close.

A number of other analysts have also recently issued reports on CNR. Citigroup upped their target price on Canadian National Railway from C$125.00 to C$126.00 and gave the company a “neutral” rating in a research report on Wednesday. BMO Capital Markets decreased their price objective on Canadian National Railway from C$182.00 to C$178.00 and set an “outperform” rating for the company in a report on Wednesday, September 11th. Wells Fargo & Company raised shares of Canadian National Railway from an “equal weight” rating to an “overweight” rating in a report on Monday, October 7th. JPMorgan Chase & Co. lowered their price objective on shares of Canadian National Railway from C$176.00 to C$169.00 and set a “neutral” rating on the stock in a research report on Tuesday, October 8th. Finally, Scotiabank reduced their target price on shares of Canadian National Railway from C$187.00 to C$180.00 and set an “outperform” rating for the company in a report on Wednesday, September 11th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and an average price target of C$171.00.

Canadian National Railway Trading Up 1.3 %

Shares of TSE:CNR traded up C$2.05 during midday trading on Wednesday, reaching C$157.16. 711,089 shares of the company’s stock were exchanged, compared to its average volume of 1,108,278. The stock has a market cap of C$98.93 billion, a price-to-earnings ratio of 18.67, a P/E/G ratio of 3.38 and a beta of 0.65. Canadian National Railway has a fifty-two week low of C$143.16 and a fifty-two week high of C$181.34. The firm’s 50 day simple moving average is C$157.20 and its two-hundred day simple moving average is C$164.40. The company has a debt-to-equity ratio of 107.62, a current ratio of 0.63 and a quick ratio of 0.58.

Canadian National Railway (TSE:CNR) (NYSE:CNI) last issued its quarterly earnings results on Tuesday, July 23rd. The company reported C$1.84 EPS for the quarter, missing the consensus estimate of C$1.93 by C($0.09). Canadian National Railway had a net margin of 32.02% and a return on equity of 27.41%. The business had revenue of C$4.33 billion during the quarter, compared to analysts’ expectations of C$4.40 billion. As a group, sell-side analysts forecast that Canadian National Railway will post 8.2610275 EPS for the current fiscal year.

Insider Buying and Selling

In related news, Director Susan C. Jones bought 1,230 shares of the stock in a transaction on Tuesday, September 17th. The shares were purchased at an average price of C$162.05 per share, for a total transaction of C$199,324.82. In other news, Director Josephine Ann Marie Depass Olsovsky acquired 2,610 shares of Canadian National Railway stock in a transaction that occurred on Friday, July 26th. The shares were acquired at an average price of C$115.29 per share, with a total value of C$300,906.90. Also, Director Susan C. Jones acquired 1,230 shares of the stock in a transaction dated Tuesday, September 17th. The stock was acquired at an average cost of C$162.05 per share, with a total value of C$199,324.82. Insiders purchased 4,383 shares of company stock worth $585,772 in the last ninety days. Insiders own 2.64% of the company’s stock.

Canadian National Railway Company Profile

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.