Canadian National Railway (TSE:CNR) Given New C$178.00 Price Target at Scotiabank

Canadian National Railway (TSE:CNR) (NYSE:CNI) had its target price dropped by equities researchers at Scotiabank from C$180.00 to C$178.00 in a report released on Thursday,BayStreet.CA reports. Scotiabank’s price objective would indicate a potential upside of 16.10% from the company’s previous close.

CNR has been the subject of several other reports. National Bankshares reduced their target price on shares of Canadian National Railway from C$181.00 to C$178.00 and set an “outperform” rating for the company in a report on Wednesday, October 23rd. Barclays dropped their price target on Canadian National Railway from C$162.00 to C$160.00 in a research note on Friday, January 17th. TD Securities upgraded Canadian National Railway from a “hold” rating to a “buy” rating and dropped their price target for the stock from C$175.00 to C$170.00 in a research note on Monday, January 13th. Sanford C. Bernstein dropped their price target on Canadian National Railway from C$179.00 to C$173.00 in a research note on Wednesday, October 9th. Finally, Royal Bank of Canada upgraded Canadian National Railway from a “sector perform” rating to an “outperform” rating and upped their price target for the stock from C$169.00 to C$179.00 in a research note on Thursday, October 10th. Four investment analysts have rated the stock with a hold rating, nine have issued a buy rating and four have given a strong buy rating to the stock. According to data from MarketBeat.com, Canadian National Railway has a consensus rating of “Buy” and a consensus price target of C$170.64.

Canadian National Railway Stock Performance

Shares of TSE CNR traded up C$1.09 during midday trading on Thursday, hitting C$153.32. 153,227 shares of the company’s stock traded hands, compared to its average volume of 870,670. The firm has a fifty day moving average of C$149.49 and a 200 day moving average of C$154.58. The stock has a market capitalization of C$96.51 billion, a price-to-earnings ratio of 18.21, a price-to-earnings-growth ratio of 3.38 and a beta of 0.65. Canadian National Railway has a 1 year low of C$143.18 and a 1 year high of C$181.34. The company has a debt-to-equity ratio of 107.62, a quick ratio of 0.58 and a current ratio of 0.63.

Insider Activity at Canadian National Railway

In other news, Senior Officer Ghislain Houle sold 5,741 shares of the stock in a transaction on Friday, November 1st. The stock was sold at an average price of C$150.82, for a total transaction of C$865,844.99. Also, Director Shauneen Elizabeth Bruder purchased 608 shares of the stock in a transaction dated Monday, December 23rd. The shares were acquired at an average price of C$145.24 per share, with a total value of C$88,307.74. In the last ninety days, insiders bought 5,694 shares of company stock valued at $853,385. 2.64% of the stock is owned by insiders.

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.