Canadian National Railway Company (CNR.TO) (TSE:CNR) Given a C$145.00 Price Target at Raymond James

Canadian National Railway Company (CNR.TO) (TSE:CNR) (NYSE:CNI) received a C$145.00 price target from equities research analysts at Raymond James in a research note issued to investors on Wednesday, BayStreet.CA reports. The brokerage presently has a “market perform” rating on the stock. Raymond James’ price target indicates a potential downside of 1.33% from the company’s current price.

Other analysts have also recently issued research reports about the stock. National Bank Financial raised their price objective on shares of Canadian National Railway Company (CNR.TO) from C$122.00 to C$129.00 and gave the stock a “sector perform” rating in a report on Wednesday, July 22nd. TD Securities raised their price objective on shares of Canadian National Railway Company (CNR.TO) from C$140.00 to C$145.00 and gave the stock a “buy” rating in a report on Wednesday, July 22nd. CIBC raised their price objective on shares of Canadian National Railway Company (CNR.TO) from C$125.00 to C$130.00 in a report on Wednesday, July 22nd. Scotiabank raised their price objective on shares of Canadian National Railway Company (CNR.TO) from C$137.00 to C$152.00 in a report on Friday, October 9th. Finally, JPMorgan Chase & Co. set a C$154.00 price objective on shares of Canadian National Railway Company (CNR.TO) in a report on Friday, October 9th. Four research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Canadian National Railway Company (CNR.TO) has an average rating of “Buy” and a consensus price target of C$137.18.

Shares of TSE:CNR traded up C$0.48 on Wednesday, hitting C$146.95. 1,322,309 shares of the company’s stock were exchanged, compared to its average volume of 1,480,332. Canadian National Railway Company has a 1-year low of C$92.01 and a 1-year high of C$149.11. The company has a market capitalization of $104.31 billion and a PE ratio of 29.09. The company has a debt-to-equity ratio of 77.83, a quick ratio of 0.53 and a current ratio of 0.97. The firm’s 50-day moving average is C$141.07 and its 200 day moving average is C$126.39.

Canadian National Railway Company (CNR.TO) (TSE:CNR) (NYSE:CNI) last released its quarterly earnings data on Tuesday, July 21st. The company reported C$1.28 earnings per share for the quarter, topping analysts’ consensus estimates of C$1.25 by C$0.03. The company had revenue of C$3.21 billion for the quarter, compared to analyst estimates of C$3.27 billion. On average, analysts anticipate that Canadian National Railway Company will post 6.2915347 EPS for the current fiscal year.

In related news, Senior Officer Sean Finn sold 2,426 shares of Canadian National Railway Company (CNR.TO) stock in a transaction on Monday, July 27th. The shares were sold at an average price of C$129.52, for a total value of C$314,215.28. Following the transaction, the insider now directly owns 15,613 shares in the company, valued at approximately C$2,022,194.20. Also, Senior Officer Douglas Allan Macdonald sold 6,200 shares of Canadian National Railway Company (CNR.TO) stock in a transaction on Thursday, July 23rd. The shares were sold at an average price of C$128.76, for a total transaction of C$798,321.92. Following the completion of the transaction, the insider now owns 11,451 shares in the company, valued at C$1,474,449.08. Over the last quarter, insiders sold 56,680 shares of company stock worth $7,779,372.

Canadian National Railway Company (CNR.TO) Company Profile

Canadian National Railway Company, together with its subsidiaries, engages in the rail and related transportation business. The company's portfolio of goods comprises petroleum and chemicals, fertilizers, coal, metals and minerals, forest products, grain, intermodal, and automotive products serving exporters, importers, retailers, farmers, and manufacturers.

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Analyst Recommendations for Canadian National Railway Company (CNR.TO) (TSE:CNR)

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