Canadian National Railway Company (CNR.TO) (TSE:CNR) Price Target Lowered to C$150.00 at JPMorgan Chase & Co.

Canadian National Railway Company (CNR.TO) (TSE:CNR) (NYSE:CNI) had its price objective decreased by research analysts at JPMorgan Chase & Co. from C$154.00 to C$150.00 in a research note issued to investors on Wednesday, BayStreet.CA reports. JPMorgan Chase & Co.‘s price objective suggests a potential upside of 2.08% from the company’s current price.

Several other research analysts have also issued reports on CNR. Scotiabank raised their target price on Canadian National Railway Company (CNR.TO) from C$137.00 to C$152.00 in a research report on Friday, October 9th. National Bank Financial raised their target price on Canadian National Railway Company (CNR.TO) from C$122.00 to C$129.00 and gave the stock a “sector perform” rating in a research report on Wednesday, July 22nd. BMO Capital Markets raised their target price on Canadian National Railway Company (CNR.TO) from C$140.00 to C$152.00 in a research report on Tuesday, September 22nd. UBS Group lifted their price objective on Canadian National Railway Company (CNR.TO) from C$116.00 to C$132.00 in a research report on Wednesday, July 22nd. Finally, CIBC lifted their price objective on Canadian National Railway Company (CNR.TO) from C$125.00 to C$130.00 in a research report on Wednesday, July 22nd. Four equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Canadian National Railway Company (CNR.TO) currently has a consensus rating of “Buy” and a consensus price target of C$137.18.

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

Canadian National Railway Company (CNR.TO) (TSE:CNR) (NYSE:CNI) last announced its earnings results on Tuesday, July 21st. The company reported C$1.28 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of C$1.25 by C$0.03. The company had revenue of C$3.21 billion for the quarter, compared to the consensus estimate of C$3.27 billion. Equities research 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 Edith E. Holiday sold 7,000 shares of Canadian National Railway Company (CNR.TO) stock in a transaction dated Thursday, July 23rd. The stock was sold at an average price of C$134.56, for a total transaction of C$941,914.26. Following the completion of the transaction, the director now owns 66,998 shares in the company, valued at approximately C$9,015,195.94. Also, Senior Officer Douglas Allan Macdonald sold 6,200 shares of Canadian National Railway Company (CNR.TO) stock in a transaction dated Thursday, July 23rd. The shares were sold at an average price of C$128.76, for a total value of C$798,321.92. Following the transaction, the insider now owns 11,451 shares of the company’s stock, valued at approximately C$1,474,449.08. Over the last 90 days, insiders 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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Analyst Recommendations for Canadian National Railway Company (CNR.TO) (TSE:CNR)

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