Evercore ISI Upgrades Canadian National Railway (TSE:CNR) to Strong-Buy

Canadian National Railway (TSE:CNR) (NYSE:CNI) was upgraded by Evercore ISI from a “hold” rating to a “strong-buy” rating in a research report issued on Thursday,Zacks.com reports.

Several other equities research analysts have also recently commented on CNR. CIBC dropped their price target on shares of Canadian National Railway from C$170.00 to C$160.00 and set a “neutral” rating on the stock in a research 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 research note on Monday, October 7th. Desjardins decreased their price target on shares of Canadian National Railway from C$181.00 to C$180.00 and set a “buy” rating on the stock in a research report on Wednesday, October 23rd. Scotiabank cut their price objective on Canadian National Railway from C$187.00 to C$180.00 and set an “outperform” rating for the company in a research report on Wednesday, September 11th. Finally, BMO Capital Markets decreased their target price on Canadian National Railway from C$182.00 to C$178.00 and set an “outperform” rating on the stock in a report on Wednesday, September 11th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating, seven have given a buy rating and four have issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of C$171.07.

Canadian National Railway Price Performance

TSE:CNR traded up C$0.47 during midday trading on Thursday, hitting C$145.34. 3,242,450 shares of the stock were exchanged, compared to its average volume of 1,140,871. The company has a market capitalization of C$91.49 billion, a price-to-earnings ratio of 17.26, a P/E/G ratio of 3.38 and a beta of 0.65. The company has a current ratio of 0.63, a quick ratio of 0.58 and a debt-to-equity ratio of 107.62. Canadian National Railway has a one year low of C$143.72 and a one year high of C$181.34. The business has a 50-day moving average price of C$153.20 and a two-hundred day moving average price of C$158.16.

Insiders Place Their Bets

In other Canadian National Railway news, Director Josephine Ann Marie Depass Olsovsky acquired 1,786 shares of the business’s stock in a transaction that occurred on Wednesday, November 6th. The shares were acquired at an average cost of C$154.93 per share, for a total transaction of C$276,697.30. Also, Director Shauneen Elizabeth Bruder bought 543 shares of the business’s stock in a transaction on Wednesday, September 25th. The stock was bought at an average cost of C$157.53 per share, for a total transaction of C$85,539.88. Insiders acquired a total of 6,629 shares of company stock worth $1,003,190 over the last quarter. Company insiders own 2.64% of the company’s stock.

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.