Canadian National Railway Company (TSE:CNR) (NYSE:CNI) was downgraded by Raymond James Financial, Inc. from an “outperform” rating to a “market perform” rating in a research note issued to investors on Thursday, October 26th. They currently have a C$115.00 price target on the stock. Raymond James Financial, Inc.’s target price indicates a potential upside of 12.44% from the stock’s previous close.
Other research analysts have also recently issued reports about the company. BMO Capital Markets reissued an “outperform” rating and set a C$111.00 target price on shares of Canadian National Railway in a research note on Wednesday, July 26th. Royal Bank Of Canada reissued an “outperform” rating and set a C$110.00 target price on shares of Canadian National Railway in a research report on Friday, September 8th. Scotiabank restated an “outperform” rating and set a C$115.00 price objective on shares of Canadian National Railway in a report on Monday, September 11th. National Bank Financial lowered their target price on Canadian National Railway from C$108.00 to C$105.00 in a report on Wednesday, September 13th. Finally, CIBC reduced their price target on Canadian National Railway from C$111.00 to C$110.00 in a research report on Tuesday, September 26th. Three equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Canadian National Railway currently has a consensus rating of “Buy” and an average target price of C$107.60.
Canadian National Railway (CNR) traded down C$0.39 on Thursday, reaching C$102.28. The company’s stock had a trading volume of 639,106 shares, compared to its average volume of 1,182,516. Canadian National Railway has a twelve month low of C$85.01 and a twelve month high of C$108.64.
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In other Canadian National Railway news, insider Sean Finn sold 11,168 shares of Canadian National Railway stock in a transaction dated Monday, September 25th. The stock was sold at an average price of C$100.75, for a total transaction of C$1,125,176.00. Also, insider Michael A. Cory sold 250 shares of Canadian National Railway stock in a transaction dated Thursday, August 31st. The stock was sold at an average price of C$100.44, for a total value of C$25,110.00. In the last three months, insiders have sold 54,382 shares of company stock valued at $4,870,014.
About Canadian National Railway
Canadian National Railway Company is engaged in the rail and related transportation business. The Company’s network of approximately 20,000 route miles of track spans Canada and mid-America, connecting approximately three coasts, including the Atlantic, the Pacific and the Gulf of Mexico and serving the cities and ports of Vancouver, Prince Rupert (British Columbia), Montreal, Halifax, New Orleans, and Mobile (Alabama), and the metropolitan areas of Toronto, Edmonton, Winnipeg, Calgary, Chicago, Memphis, Detroit, Duluth (Minnesota)/Superior (Wisconsin), and Jackson (Mississippi), with connections to all points in North America.
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