Canadian National Railway (TSE:CNR) Raised to Buy at TD Securities

Canadian National Railway (TSE:CNR) (NYSE:CNI) was upgraded by research analysts at TD Securities from a “hold” rating to a “buy” rating in a research note issued on Monday,BayStreet.CA reports. The firm presently has a C$170.00 price target on the stock, down from their previous price target of C$175.00. TD Securities’ target price suggests a potential upside of 18.13% from the company’s current price.

A number of other analysts have also weighed in on the stock. Barclays cut their target price on shares of Canadian National Railway from C$165.00 to C$162.00 and set a “hold” rating on the stock in a research report on Wednesday, September 25th. Sanford C. Bernstein reduced their price objective on Canadian National Railway from C$179.00 to C$173.00 in a research report on Wednesday, October 9th. UBS Group increased their target price on Canadian National Railway from C$189.00 to C$190.00 in a research report on Thursday, October 24th. Wells Fargo & Company upgraded Canadian National Railway from an “equal weight” rating to an “overweight” rating in a report on Monday, October 7th. Finally, Royal Bank of Canada upgraded shares of Canadian National Railway from a “sector perform” rating to an “outperform” rating and raised their price objective for the company from C$169.00 to C$179.00 in a report on Thursday, October 10th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating, nine have assigned a buy rating and four have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of C$170.73.

Canadian National Railway Stock Down 0.3 %

CNR stock opened at C$143.91 on Monday. The firm has a 50-day moving average price of C$150.44 and a 200-day moving average price of C$155.46. Canadian National Railway has a 12 month low of C$143.18 and a 12 month high of C$181.34. 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 stock has a market capitalization of C$90.59 billion, a P/E ratio of 17.09, a price-to-earnings-growth ratio of 3.38 and a beta of 0.65.

Insiders Place Their Bets

In related news, Director David Lund Freeman purchased 1,000 shares of the firm’s stock in a transaction on Thursday, October 24th. The stock was purchased at an average cost of C$152.57 per share, with a total value of C$152,572.80. Also, Senior Officer Ghislain Houle sold 5,741 shares of the stock in a transaction dated Friday, November 1st. The stock was sold at an average price of C$150.82, for a total transaction of C$865,844.99. Over the last three months, insiders acquired 6,694 shares of company stock worth $1,005,958. 2.64% of the stock is owned by corporate 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.