UBS Group Cuts Canadian National Railway (TSE:CNR) Price Target to C$202.00

Canadian National Railway (TSE:CNR) (NYSE:CNI) had its price objective reduced by analysts at UBS Group from C$205.00 to C$202.00 in a report released on Wednesday, BayStreet.CA reports. UBS Group’s price target would suggest a potential upside of 19.17% from the company’s previous close.

CNR has been the subject of a number of other research reports. Scotiabank lifted their target price on Canadian National Railway from C$173.00 to C$184.00 and gave the stock a “sector perform” rating in a report on Monday, March 25th. Raymond James boosted their price objective on shares of Canadian National Railway from C$185.00 to C$190.00 and gave the company an “outperform” rating in a research report on Monday. Sanford C. Bernstein increased their target price on shares of Canadian National Railway from C$191.00 to C$195.00 and gave the stock an “outperform” rating in a report on Monday, April 15th. Desjardins upped their target price on Canadian National Railway from C$189.00 to C$195.00 and gave the stock a “buy” rating in a report on Friday, April 12th. Finally, JPMorgan Chase & Co. upped their price target on shares of Canadian National Railway from C$158.00 to C$164.00 and gave the company a “neutral” rating in a research report on Wednesday, January 24th. One analyst has rated the stock with a sell rating, eight have given a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of C$184.50.

Canadian National Railway Stock Performance

TSE CNR traded down C$7.28 during trading on Wednesday, reaching C$169.51. 1,144,771 shares of the company’s stock were exchanged, compared to its average volume of 957,612. The company has a debt-to-equity ratio of 93.89, a current ratio of 0.61 and a quick ratio of 0.58. The business has a 50 day moving average price of C$176.20 and a 200-day moving average price of C$165.58. The stock has a market capitalization of C$108.53 billion, a P/E ratio of 19.85, a PEG ratio of 2.06 and a beta of 0.65. Canadian National Railway has a fifty-two week low of C$143.13 and a fifty-two week high of C$181.34.

Canadian National Railway (TSE:CNR) (NYSE:CNI) last released its quarterly earnings data on Tuesday, January 23rd. The company reported C$2.02 EPS for the quarter, beating the consensus estimate of C$1.96 by C$0.06. The firm had revenue of C$4.47 billion for the quarter, compared to the consensus estimate of C$4.38 billion. Canadian National Railway had a net margin of 33.43% and a return on equity of 27.11%. Sell-side analysts forecast that Canadian National Railway will post 8.0140399 earnings per share for the current fiscal year.

Insider Activity

In other news, Director Shauneen Elizabeth Bruder acquired 488 shares of the company’s stock in a transaction that occurred on Tuesday, March 26th. The shares were bought at an average price of C$177.40 per share, with a total value of C$86,571.20. In related news, Senior Officer Derek Michael Taylor sold 2,610 shares of the firm’s stock in a transaction on Monday, February 26th. The stock was sold at an average price of C$131.26, for a total value of C$342,577.38. Also, Director Shauneen Elizabeth Bruder bought 488 shares of Canadian National Railway stock in a transaction that occurred on Tuesday, March 26th. The stock was purchased at an average price of C$177.40 per share, with a total value of C$86,571.20. Insiders own 1.67% 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.