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

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

Several other research firms have also weighed in on CNR. Desjardins cut their target price on shares of Canadian National Railway from C$181.00 to C$180.00 and set a “buy” rating on the stock in a report on Wednesday, October 23rd. Royal Bank of Canada upgraded shares of Canadian National Railway from a “sector perform” rating to an “outperform” rating and raised their price objective for the stock from C$169.00 to C$179.00 in a report on Thursday, October 10th. Sanford C. Bernstein cut their price objective on shares of Canadian National Railway from C$179.00 to C$173.00 in a research report on Wednesday, October 9th. UBS Group boosted their price target on shares of Canadian National Railway from C$189.00 to C$190.00 in a research report on Thursday, October 24th. Finally, Citigroup upgraded shares of Canadian National Railway from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, November 12th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating, nine have given a buy rating and four have assigned a strong buy rating to the company. Based on data from MarketBeat, Canadian National Railway currently has an average rating of “Moderate Buy” and an average target price of C$170.47.

Canadian National Railway Price Performance

CNR opened at C$150.18 on Monday. Canadian National Railway has a one year low of C$143.18 and a one year high of C$181.34. The stock has a market capitalization of C$94.54 billion, a P/E ratio of 17.84, a price-to-earnings-growth ratio of 3.38 and a beta of 0.65. The company has a debt-to-equity ratio of 107.62, a current ratio of 0.63 and a quick ratio of 0.58. The company’s 50 day simple moving average is C$149.56 and its 200-day simple moving average is C$154.94.

Canadian National Railway (TSE:CNR) (NYSE:CNI) last announced its quarterly earnings data 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 net margin of 32.02% and a return on equity of 27.41%. During the same quarter in the prior year, the firm earned $1.69 earnings per share. Sell-side analysts anticipate that Canadian National Railway will post 8.2610275 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, Director Josephine Ann Marie Depass Olsovsky purchased 1,786 shares of the company’s stock in a transaction that occurred on Wednesday, November 6th. The shares were bought at an average cost of C$154.93 per share, with a total value of C$276,697.30. Also, Director Tracy Robinson purchased 3,300 shares of the company’s stock in a transaction that occurred on Wednesday, November 20th. The shares were purchased at an average cost of C$147.99 per share, for a total transaction of C$488,380.20. Over the last ninety days, insiders purchased 5,694 shares of company stock worth $853,385. 2.64% of the stock is currently owned by company 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.