Royal Bank of Canada Lowers Canadian National Railway (TSE:CNR) Price Target to C$169.00

Canadian National Railway (TSE:CNR) (NYSE:CNI) had its price objective decreased by equities researchers at Royal Bank of Canada from C$172.00 to C$169.00 in a research report issued to clients and investors on Wednesday, BayStreet.CA reports. Royal Bank of Canada’s price target indicates a potential upside of 6.35% from the company’s current price.

A number of other analysts have also recently commented on the company. National Bankshares reduced their price objective on Canadian National Railway from C$190.00 to C$186.00 and set an “outperform” rating for the company in a research report on Wednesday. JPMorgan Chase & Co. dropped their price target on shares of Canadian National Railway from C$180.00 to C$176.00 in a research note on Wednesday. Scotiabank lowered their target price on Canadian National Railway from C$188.00 to C$187.00 in a research report on Wednesday. National Bank Financial raised Canadian National Railway from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, June 26th. Finally, Raymond James increased their target price on shares of Canadian National Railway from C$185.00 to C$190.00 and gave the stock an “outperform” rating in a report on Monday, April 22nd. One 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 MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of C$179.29.

Canadian National Railway Stock Performance

Canadian National Railway stock traded down C$6.44 during midday trading on Wednesday, reaching C$158.91. 1,555,193 shares of the company traded hands, 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 debt-to-equity ratio of 101.48, a current ratio of 0.60 and a quick ratio of 0.58. The business has a 50 day moving average of C$166.86 and a two-hundred day moving average of C$170.95. The firm has a market capitalization of C$101.10 billion, a price-to-earnings ratio of 19.38, a price-to-earnings-growth ratio of 2.06 and a beta of 0.66.

Canadian National Railway (TSE:CNR) (NYSE:CNI) last announced its earnings results on Tuesday, April 23rd. The company reported C$1.72 earnings per share for the quarter, meeting analysts’ consensus estimates of C$1.72. The business had revenue of C$4.25 billion during the quarter, compared to analyst estimates of C$4.29 billion. Canadian National Railway had a net margin of 32.86% and a return on equity of 27.06%. As a group, research analysts predict that Canadian National Railway will post 7.7897884 earnings per share for the current year.

Insider Transactions at Canadian National Railway

In related news, Director Shauneen Elizabeth Bruder purchased 544 shares of the company’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, for a total transaction 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.