Barclays Lowers Canadian National Railway (TSE:CNR) Price Target to C$162.00

Canadian National Railway (TSE:CNR) (NYSE:CNI) had its target price reduced by Barclays from C$165.00 to C$162.00 in a research report issued to clients and investors on Wednesday, BayStreet.CA reports. The brokerage currently has a “hold” rating on the stock. Barclays‘s target price would indicate a potential upside of 3.11% from the stock’s current price.

Other equities analysts have also recently issued reports about the company. CIBC lowered their price objective on 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. JPMorgan Chase & Co. reduced their price target on shares of Canadian National Railway from C$180.00 to C$176.00 in a research note on Wednesday, July 24th. ATB Capital dropped their target price on shares of Canadian National Railway from C$177.00 to C$167.00 in a report on Thursday, September 12th. Sanford C. Bernstein cut Canadian National Railway from an “outperform” rating to a “market perform” rating and lowered their price target for the company from C$195.00 to C$179.00 in a report on Monday, July 8th. Finally, TD Securities cut their price objective on Canadian National Railway from C$185.00 to C$180.00 and set a “hold” rating for the company in a report on Wednesday, July 24th. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, Canadian National Railway has a consensus rating of “Hold” and an average target price of C$174.71.

Canadian National Railway Stock Down 0.9 %

Canadian National Railway stock traded down C$1.36 during trading hours on Wednesday, hitting C$157.12. 187,485 shares of the stock traded hands, compared to its average volume of 1,131,935. Canadian National Railway has a one year low of C$143.13 and a one year high of C$181.34. The firm’s 50-day moving average price is C$158.60 and its two-hundred day moving average price is C$166.60. 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 company has a market cap of C$98.91 billion, a PE ratio of 18.66, a PEG ratio of 2.06 and a beta of 0.65.

Canadian National Railway (TSE:CNR) (NYSE:CNI) last issued its quarterly earnings results on Tuesday, July 23rd. The company reported C$1.84 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 for the quarter, compared to analysts’ expectations of C$4.40 billion. On average, research analysts forecast that Canadian National Railway will post 8.4685501 EPS for the current year.

Insider Transactions at Canadian National Railway

In other news, Director Josephine Ann Marie Depass Olsovsky acquired 2,610 shares of the business’s stock in a transaction on Friday, July 26th. The shares were acquired at an average price of C$115.29 per share, for a total transaction of C$300,906.90. In other Canadian National Railway news, Director Josephine Ann Marie Depass Olsovsky bought 2,610 shares of the firm’s stock in a transaction dated Friday, July 26th. The stock was acquired at an average cost of C$115.29 per share, for a total transaction of C$300,906.90. Also, Director Susan C. Jones acquired 1,230 shares of the stock in a transaction on Tuesday, September 17th. The stock was bought at an average cost of C$162.05 per share, with a total value of C$199,324.82. Company insiders own 1.69% 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.