Canadian National Railway (TSE:CNR) Earns “Outperform” Rating from JPMorgan Chase & Co.

Canadian National Railway (TSE:CNR) (NYSE:CNI)‘s stock had its “outperform” rating restated by research analysts at JPMorgan Chase & Co. in a report issued on Tuesday,BayStreet.CA reports.

Several other equities research analysts also recently commented on CNR. ATB Capital lifted their price objective on Canadian National Railway from C$167.00 to C$168.00 in a report on Wednesday, October 23rd. National Bankshares lowered 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 research report on Wednesday, October 23rd. Desjardins dropped their target price on shares of Canadian National Railway from C$181.00 to C$180.00 and set a “buy” rating on the stock in a report on Wednesday, October 23rd. Veritas raised Canadian National Railway from a “hold” rating to a “strong-buy” rating in a report on Wednesday, October 23rd. Finally, Wells Fargo & Company upgraded Canadian National Railway from an “equal weight” rating to an “overweight” rating in a research note on Monday, October 7th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating, eight have assigned a buy rating and four have given a strong buy rating to the company. Based on data from MarketBeat, Canadian National Railway has an average rating of “Moderate Buy” and an average target price of C$171.07.

Canadian National Railway Stock Down 1.7 %

Canadian National Railway stock opened at C$147.24 on Tuesday. Canadian National Railway has a 12 month low of C$143.72 and a 12 month high of C$181.34. The stock has a fifty day simple moving average of C$150.91 and a two-hundred day simple moving average of C$155.98. The company has a current ratio of 0.63, a quick ratio of 0.58 and a debt-to-equity ratio of 107.62. The firm has a market cap of C$92.69 billion, a price-to-earnings ratio of 17.49, a PEG ratio of 3.38 and a beta of 0.65.

Insiders Place Their Bets

In other Canadian National Railway news, Director Josephine Ann Marie Depass Olsovsky purchased 1,786 shares of the stock in a transaction that occurred on Wednesday, November 6th. The shares were bought at an average cost of C$154.93 per share, with a total value of C$276,697.30. Also, Director Shauneen Elizabeth Bruder purchased 608 shares of the company’s stock in a transaction on Monday, December 23rd. The stock was acquired at an average price of C$145.24 per share, with a total value of C$88,307.74. In the last 90 days, insiders have bought 6,694 shares of company stock worth $1,005,958. Company 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.