Raymond James Lowers Canadian National Railway (TSE:CNR) Price Target to C$180.00

Canadian National Railway (TSE:CNR) (NYSE:CNI) had its target price dropped by investment analysts at Raymond James from C$187.00 to C$180.00 in a research note issued on Wednesday, BayStreet.CA reports. The firm currently has an “outperform” rating on the stock. Raymond James’ target price suggests a potential upside of 14.96% from the company’s current price.

CNR has been the topic of several other reports. Barclays lowered their target price on Canadian National Railway from C$175.00 to C$165.00 in a research report on Wednesday, July 24th. Desjardins reduced their target price on Canadian National Railway from C$192.00 to C$181.00 and set a “buy” rating on the stock in a report on Wednesday. Sanford C. Bernstein cut Canadian National Railway from an “outperform” rating to a “market perform” rating and reduced their target price for the stock from C$195.00 to C$179.00 in a report on Monday, July 8th. ATB Capital reduced their price objective on Canadian National Railway from C$180.00 to C$177.00 in a research note on Wednesday, July 24th. Finally, National Bank Financial raised Canadian National Railway from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, June 26th. One analyst has rated the stock with a sell rating, nine have assigned a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Canadian National Railway presently has a consensus rating of “Hold” and an average target price of C$175.64.

Canadian National Railway Stock Down 0.7 %

Shares of TSE:CNR traded down C$1.08 during mid-day trading on Wednesday, hitting C$156.57. 1,300,863 shares of the company traded hands, compared to its average volume of 1,107,997. The stock has a market cap of C$98.56 billion, a P/E ratio of 18.60, a P/E/G ratio of 2.06 and a beta of 0.65. The company has a current ratio of 0.63, a quick ratio of 0.58 and a debt-to-equity ratio of 107.62. Canadian National Railway has a 12-month low of C$143.13 and a 12-month high of C$181.34. The stock has a 50-day moving average price of C$158.89 and a two-hundred day moving average price of C$167.70.

Canadian National Railway (TSE:CNR) (NYSE:CNI) last announced its earnings results on Tuesday, July 23rd. The company reported C$1.84 earnings per share for the quarter, missing analysts’ consensus estimates of C$1.93 by C($0.09). The business had revenue of C$4.33 billion during the quarter, compared to the consensus estimate of C$4.40 billion. Canadian National Railway had a return on equity of 27.41% and a net margin of 32.02%. On average, equities research analysts forecast that Canadian National Railway will post 8.8716518 earnings per share for the current year.

Insider Buying and Selling

In other Canadian National Railway news, Director Shauneen Elizabeth Bruder purchased 544 shares of the company’s stock in a transaction dated Tuesday, June 25th. The stock was purchased at an average price of C$160.21 per share, for a total transaction of C$87,156.42. In other news, Director Josephine Ann Marie Depass Olsovsky acquired 2,610 shares of Canadian National Railway stock in a transaction on Friday, July 26th. The shares were bought at an average cost of C$115.29 per share, for a total transaction of C$300,906.90. Also, Director Shauneen Elizabeth Bruder purchased 544 shares of the business’s stock in a transaction dated 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. 1.69% of the stock is currently owned by insiders.

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.