Canadian National Railway (TSE:CNR) Price Target Cut to C$160.00

Canadian National Railway (TSE:CNR) (NYSE:CNI) had its price objective decreased by equities research analysts at Royal Bank of Canada from C$169.00 to C$160.00 in a report released on Wednesday, BayStreet.CA reports. The firm currently has a “sector perform” rating on the stock. Royal Bank of Canada’s price objective would indicate a potential downside of 1.36% from the company’s previous close.

CNR has been the subject of a number of other research reports. UBS Group reduced their price objective on Canadian National Railway from C$202.00 to C$189.00 in a research report on Wednesday, July 24th. Scotiabank lowered their price target on Canadian National Railway from C$187.00 to C$180.00 and set an “outperform” rating on the stock in a research report on Wednesday. Sanford C. Bernstein cut Canadian National Railway from an “outperform” rating to a “market perform” rating and cut their price objective for the stock from C$195.00 to C$179.00 in a research report on Monday, July 8th. JPMorgan Chase & Co. decreased their target price on Canadian National Railway from C$180.00 to C$176.00 in a research note on Wednesday, July 24th. Finally, Barclays dropped their price target on Canadian National Railway from C$175.00 to C$165.00 in a research report on Wednesday, July 24th. One research analyst has rated the stock with a sell rating, nine have given a hold rating, five have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, Canadian National Railway currently has a consensus rating of “Hold” and an average target price of C$174.93.

Canadian National Railway Trading Up 2.6 %

Shares of TSE:CNR opened at C$162.20 on Wednesday. The company has a quick ratio of 0.58, a current ratio of 0.63 and a debt-to-equity ratio of 107.62. The company’s 50-day moving average price is C$158.83 and its 200 day moving average price is C$167.52. The company has a market cap of C$102.10 billion, a PE ratio of 19.26, a P/E/G ratio of 2.06 and a beta of 0.65. Canadian National Railway has a fifty-two week low of C$143.13 and a fifty-two week high of C$181.34.

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

Insider Activity at Canadian National Railway

In related news, Director Josephine Ann Marie Depass Olsovsky bought 2,610 shares of the company’s stock in a transaction dated 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. In other news, Director Shauneen Elizabeth Bruder acquired 544 shares of the company’s stock in a transaction on Tuesday, June 25th. The stock was purchased 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 purchased 2,610 shares of the company’s stock in a transaction that occurred on Friday, July 26th. The shares were 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.