National Bankshares Lowers Canadian National Railway (TSE:CNR) Price Target to C$178.00

Canadian National Railway (TSE:CNR) (NYSE:CNI) had its target price decreased by stock analysts at National Bankshares from C$181.00 to C$178.00 in a research report issued to clients and investors on Wednesday, BayStreet.CA reports. The brokerage currently has an “outperform” rating on the stock. National Bankshares’ price objective would suggest a potential upside of 13.26% from the company’s previous close.

CNR has been the subject of a number of other reports. ATB Capital reduced their price target on shares of Canadian National Railway from C$177.00 to C$167.00 in a report on Thursday, September 12th. National Bank Financial upgraded Canadian National Railway from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, June 26th. UBS Group dropped their price target on Canadian National Railway from C$202.00 to C$189.00 in a research note on Wednesday, July 24th. CIBC reduced their price objective on Canadian National Railway from C$170.00 to C$160.00 and set a “neutral” rating for the company in a research note on Wednesday, September 11th. Finally, Scotiabank lowered their target price on Canadian National Railway from C$187.00 to C$180.00 and set an “outperform” rating on the stock in a research report on Wednesday, September 11th. One analyst has rated the stock with a sell rating, eight have given a hold rating, seven have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of C$171.00.

Canadian National Railway Trading Up 1.3 %

Shares of Canadian National Railway stock traded up C$2.05 on Wednesday, hitting C$157.16. 711,089 shares of the company’s stock traded hands, compared to its average volume of 1,108,278. The company has a market capitalization of C$98.93 billion, a price-to-earnings ratio of 18.67, a price-to-earnings-growth ratio of 3.38 and a beta of 0.65. The company has a fifty day moving average of C$157.20 and a two-hundred day moving average of C$164.40. The company has a debt-to-equity ratio of 107.62, a current ratio of 0.63 and a quick ratio of 0.58. Canadian National Railway has a one year low of C$143.16 and a one year high of C$181.34.

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 (EPS) for the quarter, missing analysts’ consensus estimates of C$1.93 by C($0.09). The business had revenue of C$4.33 billion for 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%. As a group, sell-side analysts expect that Canadian National Railway will post 8.2610275 earnings per share for the current year.

Insider Transactions at Canadian National Railway

In other Canadian National Railway news, Director Shauneen Elizabeth Bruder purchased 543 shares of the business’s stock in a transaction on Wednesday, September 25th. The stock was acquired at an average cost of C$157.53 per share, for a total transaction of C$85,539.88. In other news, Director Josephine Ann Marie Depass Olsovsky bought 2,610 shares of the business’s stock in a transaction dated Friday, July 26th. The shares were purchased at an average price of C$115.29 per share, for a total transaction of C$300,906.90. Also, Director Shauneen Elizabeth Bruder bought 543 shares of the firm’s stock in a transaction that occurred on Wednesday, September 25th. The stock was purchased at an average cost of C$157.53 per share, for a total transaction of C$85,539.88. In the last ninety days, insiders acquired 4,383 shares of company stock worth $585,772. 2.64% of the stock is currently owned by insiders.

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.