Canadian National Railway (TSE:CNR) Rating Increased to Strong-Buy at Citigroup

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

Other analysts have also recently issued reports about the stock. Raymond James decreased their price objective 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. Stephens raised shares of Canadian National Railway to a “hold” rating in a research note on Wednesday, July 24th. CIBC cut their target price 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. National Bankshares dropped their price objective on shares of Canadian National Railway from C$181.00 to C$178.00 and set an “outperform” rating on the stock in a report on Wednesday, October 23rd. Finally, TD Securities lowered their price target on shares of Canadian National Railway from C$180.00 to C$175.00 and set a “hold” rating on the stock in a research note on Wednesday, October 23rd. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating, seven have issued a buy rating and three have assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of C$171.07.

Canadian National Railway Trading Up 0.3 %

Canadian National Railway stock opened at C$156.02 on Tuesday. The stock has a market cap of C$98.21 billion, a P/E ratio of 18.47, a P/E/G ratio of 3.38 and a beta of 0.65. Canadian National Railway has a 12 month low of C$149.22 and a 12 month high of C$181.34. The company’s fifty day simple moving average is C$156.89 and its 200-day simple moving average is C$161.96. The company has a quick ratio of 0.58, a current ratio of 0.63 and a debt-to-equity ratio of 107.62.

Insider Activity

In other news, Director Susan C. Jones bought 1,230 shares of the firm’s stock in a transaction on Tuesday, September 17th. The stock was acquired at an average cost of C$162.05 per share, with a total value of C$199,324.82. In related news, Director Josephine Ann Marie Depass Olsovsky acquired 1,786 shares of the firm’s stock in a transaction dated Wednesday, November 6th. The shares were purchased at an average price of C$154.93 per share, with a total value of C$276,697.30. Also, Director Susan C. Jones acquired 1,230 shares of the firm’s stock in a transaction dated Tuesday, September 17th. The stock was bought at an average cost of C$162.05 per share, for a total transaction of C$199,324.82. In the last 90 days, insiders have acquired 4,559 shares of company stock worth $714,135. Corporate insiders own 2.64% of the company’s stock.

Canadian National Railway Company Profile

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.