Canadian National Railway (TSE:CNR) Given New C$173.00 Price Target at Sanford C. Bernstein

Canadian National Railway (TSE:CNR) (NYSE:CNI) had its price target decreased by equities research analysts at Sanford C. Bernstein from C$179.00 to C$173.00 in a research report issued to clients and investors on Wednesday, BayStreet.CA reports. Sanford C. Bernstein’s price objective would indicate a potential upside of 11.22% from the stock’s current price.

A number of other research analysts have also recently commented on the stock. National Bank Financial upgraded shares of Canadian National Railway from a “hold” rating to a “strong-buy” rating in a report on Wednesday, June 26th. National Bankshares decreased their price objective on shares of Canadian National Railway from C$190.00 to C$186.00 and set an “outperform” rating for the company in a research report on Wednesday, July 24th. UBS Group reduced their price target on shares of Canadian National Railway from C$202.00 to C$189.00 in a research report on Wednesday, July 24th. CIBC cut their price objective 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, September 11th. Finally, Desjardins dropped their price target on Canadian National Railway from C$192.00 to C$181.00 and set a “buy” rating for the company in a research report on Wednesday, September 11th. One analyst has rated the stock with a sell rating, eight have given a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, Canadian National Railway currently has a consensus rating of “Hold” and an average target price of C$174.43.

Canadian National Railway Stock Up 0.4 %

Shares of CNR traded up C$0.59 on Wednesday, hitting C$155.55. 159,313 shares of the stock traded hands, compared to its average volume of 1,116,257. 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 has a one year low of C$143.13 and a one year high of C$181.34. The company has a market capitalization of C$97.92 billion, a PE ratio of 18.47, a P/E/G ratio of 2.06 and a beta of 0.65. The business has a 50 day simple moving average of C$157.14 and a 200 day simple moving average of C$165.68.

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). The business had revenue of C$4.33 billion during the quarter, compared to analysts’ expectations of C$4.40 billion. Canadian National Railway had a return on equity of 27.41% and a net margin of 32.02%. As a group, equities analysts forecast that Canadian National Railway will post 8.5979325 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Canadian National Railway news, Director Josephine Ann Marie Depass Olsovsky purchased 2,610 shares of the firm’s stock in a transaction that occurred on Friday, July 26th. The stock was purchased at an average cost of C$115.29 per share, with a total value of C$300,906.90. In other Canadian National Railway news, Director Josephine Ann Marie Depass Olsovsky bought 2,610 shares of the company’s stock in a transaction on Friday, July 26th. The shares were bought at an average cost of C$115.29 per share, with a total value of C$300,906.90. Also, Director Shauneen Elizabeth Bruder acquired 543 shares of the stock in a transaction that occurred on Wednesday, September 25th. The shares were bought at an average price of C$157.53 per share, with a total value of C$85,539.88. Over the last quarter, insiders purchased 4,383 shares of company stock valued at $585,772. Insiders own 1.69% 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.