Canadian National Railway (TSE:CNR) PT Lowered to C$202.00 at UBS Group

Canadian National Railway (TSE:CNR) (NYSE:CNI) had its price objective reduced by research analysts at UBS Group from C$205.00 to C$202.00 in a research report issued on Wednesday, BayStreet.CA reports. UBS Group’s target price would indicate a potential upside of 19.17% from the company’s previous close.

A number of other analysts also recently issued reports on the company. National Bankshares raised their price target on Canadian National Railway from C$172.00 to C$190.00 in a research report on Thursday, April 4th. JPMorgan Chase & Co. raised their price objective on Canadian National Railway from C$158.00 to C$164.00 and gave the company a “neutral” rating in a research report on Wednesday, January 24th. ATB Capital raised their price objective on Canadian National Railway from C$165.00 to C$180.00 and gave the company a “sector perform” rating in a research report on Wednesday, January 24th. Royal Bank of Canada raised their price target on Canadian National Railway from C$164.00 to C$171.00 in a report on Monday, April 1st. Finally, TD Securities lifted their target price on Canadian National Railway from C$180.00 to C$185.00 and gave the stock a “hold” rating in a report on Wednesday, January 24th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of C$184.50.

Canadian National Railway Stock Performance

Shares of TSE CNR traded down C$7.28 during midday trading on Wednesday, hitting C$169.51. 1,144,771 shares of the company’s stock traded hands, compared to its average volume of 957,612. The firm has a fifty day moving average of C$176.20 and a 200 day moving average of C$165.58. The stock has a market capitalization of C$108.53 billion, a price-to-earnings ratio of 19.85, a price-to-earnings-growth ratio of 2.06 and a beta of 0.65. Canadian National Railway has a 1 year low of C$143.13 and a 1 year high of C$181.34. The company has a debt-to-equity ratio of 93.89, a quick ratio of 0.58 and a current ratio of 0.61.

Canadian National Railway (TSE:CNR) (NYSE:CNI) last posted its quarterly earnings results on Tuesday, January 23rd. The company reported C$2.02 earnings per share for the quarter, topping the consensus estimate of C$1.96 by C$0.06. The business had revenue of C$4.47 billion during the quarter, compared to the consensus estimate of C$4.38 billion. Canadian National Railway had a return on equity of 27.11% and a net margin of 33.43%. On average, analysts forecast that Canadian National Railway will post 8.0140399 earnings per share for the current year.

Insider Activity at Canadian National Railway

In related news, Director Shauneen Elizabeth Bruder purchased 6,000 shares of the business’s stock in a transaction dated Thursday, February 1st. The stock was bought at an average cost of C$168.44 per share, with a total value of C$1,010,640.00. In related news, Senior Officer Derek Michael Taylor sold 2,610 shares of Canadian National Railway stock in a transaction on Monday, February 26th. The shares were sold at an average price of C$131.26, for a total value of C$342,577.38. Also, Director Shauneen Elizabeth Bruder purchased 6,000 shares of the company’s stock in a transaction that occurred on Thursday, February 1st. The stock was bought at an average price of C$168.44 per share, with a total value of C$1,010,640.00. Company insiders own 1.67% of the company’s stock.

About Canadian National Railway

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.