Canadian National Railway (TSE:CNR) Given New C$178.00 Price Target at Scotiabank

Canadian National Railway (TSE:CNR) (NYSE:CNI) had its price objective cut by Scotiabank from C$180.00 to C$178.00 in a research report released on Thursday,BayStreet.CA reports.

Several other equities research analysts have also recently weighed in on the company. Citigroup upgraded Canadian National Railway from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, November 12th. Wells Fargo & Company upgraded Canadian National Railway from an “equal weight” rating to an “overweight” rating in a research report on Monday, October 7th. TD Securities upgraded Canadian National Railway from a “hold” rating to a “buy” rating and decreased their price target for the company from C$175.00 to C$170.00 in a research report on Monday, January 13th. UBS Group upped their price target on Canadian National Railway from C$189.00 to C$190.00 in a research report on Thursday, October 24th. Finally, Evercore ISI raised Canadian National Railway from a “hold” rating to a “strong-buy” rating in a report on Thursday, December 19th. Four equities research analysts have rated the stock with a hold rating, nine have given a buy rating and four have issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Buy” and an average target price of C$170.64.

Canadian National Railway Trading Up 0.0 %

Shares of CNR opened at C$152.26 on Thursday. The business’s 50-day moving average price is C$149.49 and its 200-day moving average price is C$154.58. Canadian National Railway has a twelve month low of C$143.18 and a twelve month high of C$181.34. The stock has a market cap of C$95.85 billion, a PE ratio of 18.08, a P/E/G ratio of 3.38 and a beta of 0.65. The company has a quick ratio of 0.58, a current ratio of 0.63 and a debt-to-equity ratio of 107.62.

Insiders Place Their Bets

In related news, Director Josephine Ann Marie Depass Olsovsky acquired 1,786 shares of the company’s stock in a transaction dated Wednesday, November 6th. The stock was purchased at an average price of C$154.93 per share, with a total value of C$276,697.30. Also, Director Tracy Robinson acquired 3,300 shares of the company’s stock in a transaction dated Wednesday, November 20th. The shares were bought at an average cost of C$147.99 per share, with a total value of C$488,380.20. Insiders bought a total of 5,694 shares of company stock valued at $853,385 over the last quarter. 2.64% of the stock is owned by corporate 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.