Canadian National Railway Company (CNR.TO) (TSE:CNR) Price Target Cut to C$148.00

Canadian National Railway Company (CNR.TO) (TSE:CNR) (NYSE:CNI) had its price target dropped by equities research analysts at UBS Group from C$150.00 to C$148.00 in a report issued on Wednesday, BayStreet.CA reports. UBS Group’s target price would indicate a potential upside of 0.71% from the company’s previous close.

A number of other equities research analysts also recently weighed in on CNR. CIBC lifted their price target on shares of Canadian National Railway Company (CNR.TO) from C$125.00 to C$130.00 in a research note on Wednesday, July 22nd. Royal Bank of Canada reduced their target price on shares of Canadian National Railway Company (CNR.TO) from C$145.00 to C$144.00 and set a “sector perform” rating on the stock in a research note on Wednesday. National Bank Financial boosted their target price on shares of 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 note on Wednesday, July 22nd. Scotiabank boosted their target price on shares of Canadian National Railway Company (CNR.TO) from C$137.00 to C$152.00 in a research note on Friday, October 9th. Finally, Raymond James set a C$145.00 target price on shares of Canadian National Railway Company (CNR.TO) and gave the company a “market perform” rating in a research note on Wednesday. Four analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Canadian National Railway Company (CNR.TO) has an average rating of “Buy” and an average price target of C$137.18.

CNR traded up C$0.48 during trading on Wednesday, reaching 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 fifty-two week low of C$92.01 and a fifty-two week high of C$149.11. The company has a quick ratio of 0.53, a current ratio of 0.97 and a debt-to-equity ratio of 77.83. The business has a 50 day moving average price of C$141.07 and a 200 day moving average price of C$126.39. The company has a market capitalization of $104.31 billion and a P/E ratio of 29.09.

Canadian National Railway Company (CNR.TO) (TSE:CNR) (NYSE:CNI) last posted its quarterly earnings results on Tuesday, July 21st. The company reported C$1.28 earnings per share for the quarter, topping the Zacks’ consensus estimate of C$1.25 by C$0.03. The business had revenue of C$3.21 billion for the quarter, compared to analyst estimates of C$3.27 billion. As a group, research analysts forecast that Canadian National Railway Company will post 6.2915347 EPS for the current year.

In related news, Director Edith E. Holiday sold 4,000 shares of Canadian National Railway Company (CNR.TO) stock in a transaction dated Friday, September 25th. The stock was sold at an average price of C$140.13, for a total value of C$560,504.21. Following the completion of the transaction, the director now directly owns 62,998 shares of the company’s stock, valued at C$8,827,661.02. Also, Senior Officer Sean Finn sold 2,426 shares of Canadian National Railway Company (CNR.TO) stock in a transaction dated 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 completion of the transaction, the insider now directly owns 15,613 shares of the company’s stock, valued at C$2,022,194.20. Insiders sold 56,680 shares of company stock valued at $7,779,372 over the last ninety days.

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

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