Scotiabank Cuts Canadian National Railway (TSE:CNR) Price Target to C$178.00

Canadian National Railway (TSE:CNR) (NYSE:CNI) had its price objective trimmed by Scotiabank from C$180.00 to C$178.00 in a research note published on Monday morning,BayStreet.CA reports.

A number of other equities research analysts have also recently commented on CNR. Sanford C. Bernstein lowered their target price on Canadian National Railway from C$179.00 to C$173.00 in a report on Wednesday, October 9th. UBS Group raised their price objective on Canadian National Railway from C$189.00 to C$190.00 in a research report on Thursday, October 24th. ATB Capital lifted their target price on Canadian National Railway from C$167.00 to C$168.00 in a research report on Wednesday, October 23rd. Desjardins dropped their target price on Canadian National Railway from C$181.00 to C$180.00 and set a “buy” rating on the stock in a research report on Wednesday, October 23rd. Finally, Barclays dropped their target price on Canadian National Railway from C$162.00 to C$160.00 in a research report on Friday, January 17th. One investment analyst has rated the stock with a sell rating, five have given a hold rating, nine have issued a buy rating and four have issued a strong buy rating to the company. Based on data from MarketBeat.com, Canadian National Railway has a consensus rating of “Moderate Buy” and an average price target of C$170.47.

Canadian National Railway Stock Up 1.0 %

Shares of TSE CNR opened at C$150.18 on Monday. The stock has a market cap of C$94.54 billion, a PE ratio of 17.84, a price-to-earnings-growth 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. Canadian National Railway has a 52-week low of C$143.18 and a 52-week high of C$181.34. The business has a 50-day moving average price of C$149.56 and a 200 day moving average price of C$154.94.

Canadian National Railway (TSE:CNR) (NYSE:CNI) last issued its earnings results on Tuesday, October 22nd. The company reported C$1.72 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C$1.73 by C($0.01). Canadian National Railway had a return on equity of 27.41% and a net margin of 32.02%. During the same period in the previous year, the company earned $1.69 EPS. Equities research analysts forecast that Canadian National Railway will post 8.2610275 earnings per share for the current year.

Insider Buying and Selling at Canadian National Railway

In other news, Director Shauneen Elizabeth Bruder bought 608 shares of the business’s stock in a transaction on Monday, December 23rd. The shares were bought at an average cost of C$145.24 per share, with a total value of C$88,307.74. Also, Senior Officer Ghislain Houle sold 5,741 shares of the business’s stock in a transaction on Friday, November 1st. The shares were sold at an average price of C$150.82, for a total transaction of C$865,844.99. Over the last 90 days, insiders have purchased 5,694 shares of company stock valued at $853,385. Corporate insiders own 2.64% 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.