Canadian National Railway Company (CNR.TO) (TSE:CNR) Price Target Cut to C$144.00

Canadian National Railway Company (CNR.TO) (TSE:CNR) (NYSE:CNI) had its target price dropped by Royal Bank of Canada from C$145.00 to C$144.00 in a research report issued to clients and investors on Wednesday, BayStreet.CA reports. The brokerage presently has a “sector perform” rating on the stock. Royal Bank of Canada’s price target points to a potential downside of 2.01% from the stock’s current price.

Other equities analysts have also recently issued reports about the company. National Bank Financial lifted their price target on Canadian National Railway Company (CNR.TO) from C$122.00 to C$129.00 and gave the company a “sector perform” rating in a research report on Wednesday, July 22nd. BMO Capital Markets lifted their price target on Canadian National Railway Company (CNR.TO) from C$140.00 to C$152.00 in a research report on Tuesday, September 22nd. Scotiabank lifted their price target on Canadian National Railway Company (CNR.TO) from C$137.00 to C$152.00 in a research report on Friday, October 9th. TD Securities lifted their price target on Canadian National Railway Company (CNR.TO) from C$140.00 to C$145.00 and gave the company a “buy” rating in a research report on Wednesday, July 22nd. Finally, Raymond James set a C$145.00 price target on Canadian National Railway Company (CNR.TO) and gave the company a “market perform” rating in a research report on Wednesday. Four investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus target price of C$137.18.

Shares of TSE:CNR traded up C$0.48 during trading on Wednesday, reaching C$146.95. The company had a trading volume of 1,322,309 shares, compared to its average volume of 1,480,332. The firm’s fifty day moving average is C$141.07 and its 200 day moving average is C$126.39. 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 has a market capitalization of $104.31 billion and a PE ratio of 29.09. Canadian National Railway Company has a twelve month low of C$92.01 and a twelve month high of C$149.11.

Canadian National Railway Company (CNR.TO) (TSE:CNR) (NYSE:CNI) last released its earnings results 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 firm had revenue of C$3.21 billion during the quarter, compared to analyst estimates of C$3.27 billion. Equities analysts predict that Canadian National Railway Company will post 6.2915347 earnings per share for the current fiscal year.

In other Canadian National Railway Company (CNR.TO) news, Director Jean-Jacques Ruest bought 32,780 shares of the firm’s stock in a transaction dated Tuesday, September 15th. The stock was acquired at an average price of C$142.80 per share, with a total value of C$4,680,957.25. Following the completion of the transaction, the director now directly owns 232,618 shares in the company, valued at approximately C$33,217,660.58. Also, Senior Officer Janet Drysdale sold 1,400 shares of the firm’s stock in a transaction on Thursday, July 30th. The stock was sold at an average price of C$130.35, for a total value of C$182,490.98. Following the completion of the sale, the insider now directly owns 13,389 shares of the company’s stock, valued at approximately C$1,745,265.52. Over the last three months, insiders have sold 56,680 shares of company stock valued at $7,779,372.

About Canadian National Railway Company (CNR.TO)

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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