Canadian National Railway (TSE:CNR) Price Target Cut to C$180.00

Canadian National Railway (TSE:CNR) (NYSE:CNI) had its target price dropped by research analysts at Scotiabank from C$187.00 to C$180.00 in a research note issued to investors on Wednesday, BayStreet.CA reports. The firm presently has an “outperform” rating on the stock. Scotiabank’s price target would indicate a potential upside of 10.97% from the stock’s current price.

Other analysts have also recently issued research reports about the company. Sanford C. Bernstein cut Canadian National Railway from an “outperform” rating to a “market perform” rating and decreased their target price for the stock from C$195.00 to C$179.00 in a research report on Monday, July 8th. Desjardins reduced their target price on shares of Canadian National Railway from C$192.00 to C$181.00 and set a “buy” rating for the company in a research note on Wednesday. Royal Bank of Canada cut their price target on shares of Canadian National Railway from C$172.00 to C$169.00 in a report on Wednesday, July 24th. Stephens upgraded shares of Canadian National Railway to a “hold” rating in a report on Wednesday, July 24th. Finally, Barclays cut their target price on Canadian National Railway from C$175.00 to C$165.00 in a report on Wednesday, July 24th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average target price of C$174.93.

Canadian National Railway Trading Up 2.6 %

TSE CNR opened at C$162.20 on Wednesday. The firm has a market capitalization of C$102.10 billion, a PE ratio of 19.26, a price-to-earnings-growth 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 50-day simple moving average of C$158.83 and a 200-day simple moving average of C$167.52. 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 the consensus estimate of C$1.93 by C($0.09). The firm had revenue of C$4.33 billion for the quarter, compared to the consensus estimate of C$4.40 billion. Canadian National Railway had a return on equity of 27.41% and a net margin of 32.02%. On average, equities analysts forecast that Canadian National Railway will post 8.8716518 earnings per share for the current year.

Insider Activity

In other news, Director Josephine Ann Marie Depass Olsovsky bought 2,610 shares of the firm’s stock in a transaction that occurred on Friday, July 26th. The shares were acquired at an average cost of C$115.29 per share, with a total value of C$300,906.90. In related news, Director Shauneen Elizabeth Bruder acquired 544 shares of the firm’s stock in a transaction on Tuesday, June 25th. The shares were bought 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 bought 2,610 shares of the company’s stock in a transaction dated Friday, July 26th. The stock was bought at an average cost of C$115.29 per share, with a total value of C$300,906.90. 1.69% of the stock is 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.