Canadian National Railway (TSE:CNR) Price Target Cut to C$185.00 by Analysts at TD Securities

Canadian National Railway (TSE:CNR) (NYSE:CNI) had its price target decreased by investment analysts at TD Securities from C$190.00 to C$185.00 in a note issued to investors on Friday, BayStreet.CA reports. TD Securities’ price objective suggests a potential upside of 12.94% from the company’s previous close.

Other equities research analysts have also recently issued reports about the company. National Bank Financial upgraded Canadian National Railway from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, June 26th. UBS Group cut their target price on Canadian National Railway from C$205.00 to C$202.00 in a research note on Wednesday, April 24th. Scotiabank upgraded Canadian National Railway from a “sector perform” rating to an “outperform” rating and upped their target price for the stock from C$184.00 to C$188.00 in a research note on Wednesday. Sanford C. Bernstein cut Canadian National Railway from an “outperform” rating to a “market perform” rating and cut their target price for the stock from C$195.00 to C$179.00 in a research note on Monday, July 8th. Finally, Desjardins upped their target price on Canadian National Railway from C$189.00 to C$195.00 and gave the stock a “buy” rating in a research note on Friday, April 12th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of C$182.79.

Canadian National Railway Trading Up 0.7 %

Shares of CNR stock opened at C$163.81 on Friday. The company has a current ratio of 0.60, a quick ratio of 0.58 and a debt-to-equity ratio of 101.48. The stock has a market cap of C$104.22 billion, a P/E ratio of 19.98, a price-to-earnings-growth ratio of 2.06 and a beta of 0.66. The stock has a 50 day simple moving average of C$167.71 and a 200 day simple moving average of C$170.92. Canadian National Railway has a 1 year low of C$143.13 and a 1 year high of C$181.34.

Canadian National Railway (TSE:CNR) (NYSE:CNI) last issued its quarterly earnings results on Tuesday, April 23rd. The company reported C$1.72 earnings per share (EPS) for the quarter, meeting the consensus estimate of C$1.72. The business had revenue of C$4.25 billion during the quarter, compared to analysts’ expectations of C$4.29 billion. Canadian National Railway had a return on equity of 27.06% and a net margin of 32.86%. On average, research analysts predict that Canadian National Railway will post 7.7897884 earnings per share for the current fiscal year.

Insider Activity at Canadian National Railway

In related news, Director Shauneen Elizabeth Bruder acquired 544 shares of the firm’s stock in a transaction that occurred on Tuesday, June 25th. The stock was acquired at an average cost of C$160.21 per share, for a total transaction of C$87,156.42. 1.69% of the stock is currently owned by company insiders.

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.