CIBC Lowers Canadian National Railway (TSE:CNR) Price Target to C$160.00

Canadian National Railway (TSE:CNR) (NYSE:CNI) had its target price dropped by analysts at CIBC from C$170.00 to C$160.00 in a research report issued to clients and investors on Wednesday, BayStreet.CA reports. The brokerage currently has a “neutral” rating on the stock. CIBC’s price objective would suggest a potential downside of 1.36% from the stock’s current price.

A number of other research firms have also commented on CNR. UBS Group cut their price objective on Canadian National Railway from C$202.00 to C$189.00 in a research note on Wednesday, July 24th. National Bank Financial upgraded shares of Canadian National Railway from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, June 26th. National Bankshares decreased their price target on Canadian National Railway from C$190.00 to C$186.00 and set an “outperform” rating for the company in a report on Wednesday, July 24th. Desjardins lowered their price objective 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. Finally, Raymond James cut their target price on Canadian National Railway from C$187.00 to C$180.00 and set an “outperform” rating on the stock in a research report on Wednesday. One investment analyst has rated the stock with a sell rating, nine have given a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, Canadian National Railway presently has a consensus rating of “Hold” and a consensus price target of C$174.93.

Canadian National Railway Stock Up 2.6 %

TSE:CNR opened at C$162.20 on Wednesday. The firm’s 50 day simple moving average is C$158.83 and its 200 day simple moving average is C$167.52. The company has a market cap of C$102.10 billion, a PE ratio of 19.26, a P/E/G ratio of 2.06 and a beta of 0.65. 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 debt-to-equity ratio of 107.62, a current ratio of 0.63 and a quick ratio of 0.58.

Canadian National Railway (TSE:CNR) (NYSE:CNI) last posted its quarterly earnings data on Tuesday, July 23rd. The company reported C$1.84 earnings per share for the quarter, missing analysts’ consensus estimates of C$1.93 by C($0.09). The company had revenue of C$4.33 billion during the quarter, compared to analyst estimates of C$4.40 billion. Canadian National Railway had a net margin of 32.02% and a return on equity of 27.41%. On average, research analysts anticipate that Canadian National Railway will post 8.8716518 earnings per share for the current year.

Insider Buying and Selling at Canadian National Railway

In related news, Director Shauneen Elizabeth Bruder purchased 544 shares of the business’s stock in a transaction dated Tuesday, June 25th. The stock was purchased at an average cost of C$160.21 per share, with a total value of C$87,156.42. In other news, Director Shauneen Elizabeth Bruder purchased 544 shares of the business’s stock in a transaction on Tuesday, June 25th. The stock was purchased at an average cost of C$160.21 per share, with a total value of C$87,156.42. Also, Director Josephine Ann Marie Depass Olsovsky purchased 2,610 shares of the firm’s stock in a transaction dated Friday, July 26th. The stock was purchased at an average cost of C$115.29 per share, for a total transaction of C$300,906.90. Corporate 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.