BMO Capital Markets Lowers Canadian National Railway (TSE:CNR) Price Target to C$178.00

Canadian National Railway (TSE:CNR) (NYSE:CNI) had its price target reduced by investment analysts at BMO Capital Markets from C$182.00 to C$178.00 in a report released on Wednesday, BayStreet.CA reports. The firm currently has an “outperform” rating on the stock. BMO Capital Markets’ price target would indicate a potential upside of 9.74% from the company’s previous close.

A number of other brokerages also recently weighed in on CNR. Stephens upgraded Canadian National Railway to a “hold” rating in a report on Wednesday, July 24th. Scotiabank lowered 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 research note on Wednesday. ATB Capital reduced their price target on shares of Canadian National Railway from C$180.00 to C$177.00 in a research report on Wednesday, July 24th. CIBC decreased their price target on shares of Canadian National Railway from C$170.00 to C$160.00 and set a “neutral” rating for the company in a report on Wednesday. Finally, Sanford C. Bernstein downgraded Canadian National Railway from an “outperform” rating to a “market perform” rating and lowered their price objective for the stock from C$195.00 to C$179.00 in a research note on Monday, July 8th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating, five have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of C$174.93.

Canadian National Railway Stock Performance

Canadian National Railway stock opened at C$162.20 on Wednesday. Canadian National Railway has a 52 week low of C$143.13 and a 52 week high of C$181.34. The company has a current ratio of 0.63, a quick ratio of 0.58 and a debt-to-equity ratio of 107.62. The stock has a market cap of C$102.10 billion, a P/E ratio of 19.26, a price-to-earnings-growth ratio of 2.06 and a beta of 0.65. The stock has a 50 day moving average of C$158.83 and a 200-day moving average of C$167.52.

Canadian National Railway (TSE:CNR) (NYSE:CNI) last posted its quarterly earnings results on Tuesday, July 23rd. The company reported C$1.84 EPS for the quarter, missing analysts’ consensus estimates of C$1.93 by C($0.09). Canadian National Railway had a return on equity of 27.41% and a net margin of 32.02%. The firm had revenue of C$4.33 billion during the quarter, compared to analyst estimates of C$4.40 billion. On average, analysts expect that Canadian National Railway will post 8.8716518 EPS for the current fiscal year.

Insider Transactions at Canadian National Railway

In related news, Director Shauneen Elizabeth Bruder purchased 544 shares of Canadian National Railway stock in a transaction dated 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. In other Canadian National Railway news, Director Shauneen Elizabeth Bruder bought 544 shares of the firm’s stock in a transaction on Tuesday, June 25th. The stock was bought at an average cost of C$160.21 per share, with a total value of C$87,156.42. Also, 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 stock was acquired at an average cost of C$115.29 per share, with a total value of C$300,906.90. 1.69% of the stock is currently 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.