Canadian National Railway (TSE:CNR) Price Target Raised to C$190.00

Canadian National Railway (TSE:CNR) (NYSE:CNI) had its price objective increased by analysts at UBS Group from C$189.00 to C$190.00 in a research note issued on Thursday, BayStreet.CA reports. UBS Group’s price target suggests a potential upside of 23.63% from the stock’s previous close.

Several other equities analysts have also recently issued reports on CNR. TD Securities decreased their price target on shares of Canadian National Railway from C$180.00 to C$175.00 and set a “hold” rating for the company in a research report on Wednesday. National Bankshares decreased their price target on shares of Canadian National Railway from C$181.00 to C$178.00 and set an “outperform” rating for the company in a research report on Wednesday. ATB Capital upped their price target on shares of Canadian National Railway from C$167.00 to C$168.00 in a research report on Wednesday. CIBC decreased their price target on shares of Canadian National Railway from C$170.00 to C$160.00 and set a “neutral” rating for the company in a research report on Wednesday, September 11th. Finally, Wells Fargo & Company upgraded shares of Canadian National Railway from an “equal weight” rating to an “overweight” rating in a research report on Monday, October 7th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of C$171.07.

Canadian National Railway Price Performance

CNR stock traded down C$1.39 during trading on Thursday, reaching C$153.68. 502,052 shares of the company were exchanged, compared to its average volume of 1,108,197. The company has a 50-day moving average of C$157.27 and a two-hundred day moving average of C$164.33. The company has a market capitalization of C$96.74 billion, a price-to-earnings ratio of 18.25, a P/E/G ratio of 3.38 and a beta of 0.65. Canadian National Railway has a twelve month low of C$143.16 and a twelve month high of C$181.34. 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 (TSE:CNR) (NYSE:CNI) last released its quarterly earnings data 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 company had revenue of C$4.33 billion for the quarter, compared to analyst estimates 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, equities analysts predict that Canadian National Railway will post 8.2610275 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, Director Josephine Ann Marie Depass Olsovsky bought 2,610 shares of the business’s stock in a transaction that occurred on Friday, July 26th. The shares were acquired at an average cost of C$115.29 per share, with a total value of C$300,906.90. In related news, Director Susan C. Jones bought 1,230 shares of the business’s stock in a transaction that occurred on Tuesday, September 17th. The shares were acquired at an average cost of C$162.05 per share, with a total value of C$199,324.82. Also, Director Josephine Ann Marie Depass Olsovsky bought 2,610 shares of the business’s stock in a transaction that occurred 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. Insiders have purchased a total of 4,383 shares of company stock valued at $585,772 over the last ninety days. 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.