Canadian National Railway (TSE:CNR) PT Lowered to C$175.00

Canadian National Railway (TSE:CNR) (NYSE:CNI) had its target price reduced by equities researchers at TD Securities from C$180.00 to C$175.00 in a research note issued on Wednesday, BayStreet.CA reports. The firm presently has a “hold” rating on the stock. TD Securities’ target price indicates a potential upside of 13.99% from the company’s previous close.

CNR has been the subject of a number of other research reports. Scotiabank dropped 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 report on Wednesday, September 11th. CIBC cut 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 report on Wednesday, September 11th. Desjardins decreased their price objective on shares of Canadian National Railway from C$192.00 to C$181.00 and set a “buy” rating for the company in a report on Wednesday, September 11th. Raymond James dropped their target price on shares of Canadian National Railway from C$187.00 to C$180.00 and set an “outperform” rating on the stock in a research note on Wednesday, September 11th. Finally, BMO Capital Markets lowered their price target 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. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, Canadian National Railway currently has an average rating of “Hold” and an average price target of C$171.07.

Canadian National Railway Stock Performance

TSE CNR opened at C$153.52 on Wednesday. The business’s 50 day moving average price is C$157.27 and its 200-day moving average price is C$164.33. Canadian National Railway has a fifty-two week low of C$143.16 and a fifty-two week high of C$181.34. The company has a market cap of C$96.64 billion, a P/E ratio of 18.26, a P/E/G ratio of 3.38 and a beta of 0.65. The company has a debt-to-equity ratio of 107.62, a quick ratio of 0.58 and a current ratio of 0.63.

Canadian National Railway (TSE:CNR) (NYSE:CNI) last released 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 for the quarter, compared to analysts’ expectations of C$4.40 billion. Sell-side analysts predict that Canadian National Railway will post 8.2610275 earnings per share for the current year.

Insiders Place Their Bets

In other news, Director Shauneen Elizabeth Bruder bought 543 shares of the firm’s stock in a transaction that occurred on Wednesday, September 25th. The stock was purchased at an average price of C$157.53 per share, with a total value of C$85,539.88. In related news, Director Susan C. Jones bought 1,230 shares of the company’s stock in a transaction dated Tuesday, September 17th. The shares were acquired at an average price of C$162.05 per share, for a total transaction of C$199,324.82. Also, Director Shauneen Elizabeth Bruder bought 543 shares of Canadian National Railway stock in a transaction on Wednesday, September 25th. The shares were purchased at an average cost of C$157.53 per share, with a total value of C$85,539.88. 2.64% of the stock is 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.