Canadian National Railway (TSE:CNR) PT Lowered to C$169.00

Canadian National Railway (TSE:CNR) (NYSE:CNI) had its price target cut by equities researchers at JPMorgan Chase & Co. from C$176.00 to C$169.00 in a research note issued on Tuesday, BayStreet.CA reports. The firm presently has a “neutral” rating on the stock. JPMorgan Chase & Co.‘s target price indicates a potential upside of 8.12% from the stock’s current price.

Several other research firms have also recently weighed in on CNR. Desjardins decreased their target price on Canadian National Railway from C$192.00 to C$181.00 and set a “buy” rating for the company in a research note on Wednesday, September 11th. Royal Bank of Canada raised their price objective on shares of Canadian National Railway from C$160.00 to C$169.00 and gave the stock a “sector perform” rating in a report on Monday, September 30th. BMO Capital Markets lowered their target price on shares of Canadian National Railway from C$182.00 to C$178.00 and set an “outperform” rating for the company in a report on Wednesday, September 11th. Scotiabank cut their price target on shares of Canadian National Railway from C$187.00 to C$180.00 and set an “outperform” rating on the stock in a research note on Wednesday, September 11th. Finally, Raymond James reduced their price target on shares of Canadian National Railway from C$187.00 to C$180.00 and set an “outperform” rating for the company in a research report on Wednesday, September 11th. One analyst has rated the stock with a sell rating, eight have issued a hold rating, six have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, Canadian National Railway presently has an average rating of “Hold” and an average price target of C$174.43.

Canadian National Railway Price Performance

Shares of CNR opened at C$156.31 on Tuesday. The firm has a market capitalization of C$98.40 billion, a price-to-earnings ratio of 18.47, a PEG ratio of 2.06 and a beta of 0.65. The firm’s fifty day simple moving average is C$157.14 and its 200-day simple moving average is C$165.68. Canadian National Railway has a twelve month low of C$143.13 and a twelve month high of C$181.34. 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 (TSE:CNR) (NYSE:CNI) last posted its quarterly 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 analyst estimates of C$4.40 billion. Canadian National Railway had a net margin of 32.02% and a return on equity of 27.41%. Equities analysts forecast that Canadian National Railway will post 8.5979325 EPS for the current fiscal year.

Insider Activity at Canadian National Railway

In related news, Director Josephine Ann Marie Depass Olsovsky purchased 2,610 shares of the business’s stock in a transaction dated Friday, July 26th. The stock was acquired at an average price of C$115.29 per share, for a total transaction of C$300,906.90. In other news, Director Susan C. Jones acquired 1,230 shares of Canadian National Railway stock in a transaction that occurred on Tuesday, September 17th. The stock was purchased at an average price of C$162.05 per share, for a total transaction of C$199,324.82. Also, Director Josephine Ann Marie Depass Olsovsky acquired 2,610 shares of the stock in a transaction on Friday, July 26th. The stock was acquired at an average cost of C$115.29 per share, for a total transaction of C$300,906.90. Insiders have purchased 4,383 shares of company stock worth $585,772 in the last quarter. Company insiders own 1.69% 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.