Canadian National Railway (TSE:CNR) Price Target Cut to C$176.00

Canadian National Railway (TSE:CNR) (NYSE:CNI) had its price target reduced by JPMorgan Chase & Co. from C$180.00 to C$176.00 in a research report issued to clients and investors on Wednesday, BayStreet.CA reports. JPMorgan Chase & Co.‘s price objective suggests a potential upside of 10.75% from the company’s previous close.

Several other research analysts also recently commented on the stock. Desjardins raised their price target on shares of Canadian National Railway from C$189.00 to C$195.00 and gave the stock a “buy” rating in a research note on Friday, April 12th. Raymond James lifted their price target on shares of Canadian National Railway from C$185.00 to C$190.00 and gave the company an “outperform” rating in a research note on Monday, April 22nd. National Bankshares upgraded Canadian National Railway from a “sector perform” rating to an “outperform” rating and set a C$190.00 price target for the company in a report on Thursday, June 27th. BMO Capital Markets reduced their price objective on Canadian National Railway from C$195.00 to C$188.00 and set an “outperform” rating on the stock in a report on Wednesday, June 19th. Finally, CIBC lifted their target price on Canadian National Railway from C$177.00 to C$183.00 and gave the company a “neutral” rating in a research report on Wednesday, March 27th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating, five have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of C$179.29.

Canadian National Railway Trading Down 3.9 %

Shares of TSE CNR traded down C$6.44 during midday trading on Wednesday, hitting C$158.91. The company’s stock had a trading volume of 1,555,193 shares, compared to its average volume of 1,081,591. Canadian National Railway has a 12-month low of C$143.13 and a 12-month high of C$181.34. The company has a current ratio of 0.60, a quick ratio of 0.58 and a debt-to-equity ratio of 101.48. The firm has a market cap of C$101.10 billion, a P/E ratio of 19.34, a price-to-earnings-growth ratio of 2.06 and a beta of 0.66. The business’s 50 day moving average is C$166.86 and its two-hundred day moving average is C$170.95.

Canadian National Railway (TSE:CNR) (NYSE:CNI) last announced its quarterly earnings data on Tuesday, April 23rd. The company reported C$1.72 EPS for the quarter, meeting the consensus estimate of C$1.72. Canadian National Railway had a return on equity of 27.06% and a net margin of 32.86%. The company had revenue of C$4.25 billion for the quarter, compared to the consensus estimate of C$4.29 billion. As a group, equities research analysts expect that Canadian National Railway will post 7.7897884 EPS for the current year.

Insider Transactions at Canadian National Railway

In other news, Director Shauneen Elizabeth Bruder bought 544 shares of the firm’s stock in a transaction that occurred on Tuesday, June 25th. The stock was bought at an average price of C$160.21 per share, with a total value of C$87,156.42. Insiders own 1.69% 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.