Canadian National Railway (TSE:CNR) Price Target Cut to C$178.00 by Analysts at Scotiabank

Canadian National Railway (TSE:CNR) (NYSE:CNI) had its target price reduced by Scotiabank from C$180.00 to C$178.00 in a report issued on Monday,BayStreet.CA reports.

A number of other equities analysts have also weighed in on the company. Sanford C. Bernstein decreased their price target on Canadian National Railway from C$179.00 to C$173.00 in a research report on Wednesday, October 9th. JPMorgan Chase & Co. reissued an “outperform” rating on shares of Canadian National Railway in a research report on Tuesday, January 7th. Barclays cut their price target on shares of Canadian National Railway from C$162.00 to C$160.00 in a report on Friday. ATB Capital raised their price objective on shares of Canadian National Railway from C$167.00 to C$168.00 in a research note on Wednesday, October 23rd. Finally, Wells Fargo & Company raised shares of Canadian National Railway from an “equal weight” rating to an “overweight” rating in a research note on Monday, October 7th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating, nine have assigned a buy rating and four have issued a strong buy rating to the stock. According to data from MarketBeat.com, Canadian National Railway presently has a consensus rating of “Moderate Buy” and an average target price of C$170.47.

Canadian National Railway Price Performance

Shares of TSE:CNR opened at C$148.25 on Monday. The company has a market capitalization of C$93.32 billion, a PE ratio of 17.61, a price-to-earnings-growth ratio of 3.38 and a beta of 0.65. The company has a debt-to-equity ratio of 107.62, a quick ratio of 0.58 and a current ratio of 0.63. The stock has a fifty day moving average of C$149.84 and a 200-day moving average of C$155.13. Canadian National Railway has a one year low of C$143.18 and a one year high of C$181.34.

Insider Buying and Selling

In related news, Director Tracy Robinson purchased 3,300 shares of Canadian National Railway stock in a transaction dated Wednesday, November 20th. The stock was bought at an average price of C$147.99 per share, for a total transaction of C$488,380.20. Also, Director David Lund Freeman acquired 1,000 shares of the firm’s stock in a transaction that occurred on Thursday, October 24th. The shares were purchased at an average price of C$152.57 per share, with a total value of C$152,572.80. Insiders bought 6,694 shares of company stock worth $1,005,958 in the last quarter. 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.