National Bank Financial Trims Canadian National Railway Company (CNR) Target Price to C$105.00
Canadian National Railway Company (TSE:CNR) (NYSE:CNI) had its price target cut by investment analysts at National Bank Financial from C$108.00 to C$105.00 in a research note issued on Wednesday. National Bank Financial’s price objective points to a potential upside of 5.36% from the company’s previous close.
Several other analysts have also issued reports on CNR. BMO Capital Markets restated an “outperform” rating and issued a C$111.00 price objective on shares of Canadian National Railway in a report on Monday. Scotiabank restated an “outperform” rating and issued a C$115.00 price objective on shares of Canadian National Railway in a report on Monday. Royal Bank Of Canada restated an “outperform” rating and issued a C$110.00 price objective on shares of Canadian National Railway in a report on Friday, September 8th. Finally, Raymond James Financial, Inc. boosted their price objective on shares of Canadian National Railway from C$112.00 to C$115.00 and gave the company an “outperform” rating in a report on Friday, June 16th. 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 presently has an average rating of “Buy” and a consensus target price of C$103.91.
Canadian National Railway (CNR) traded down 1.24% on Wednesday, hitting $98.42. 461,693 shares of the stock were exchanged. Canadian National Railway has a 52-week low of $80.63 and a 52-week high of $108.64. The firm has a market cap of $73.91 billion and a PE ratio of 19.36. The stock’s 50 day moving average price is $100.14 and its 200 day moving average price is $101.13.
Canadian National Railway (TSE:CNR) (NYSE:CNI) last issued its quarterly earnings data on Tuesday, July 25th. The company reported C$1.34 earnings per share (EPS) for the quarter, beating the consensus estimate of C$1.31 by C$0.03. The firm had revenue of C$3.33 billion for the quarter, compared to analyst estimates of C$3.22 billion. Canadian National Railway had a net margin of 30.97% and a return on equity of 27.63%. Equities research analysts forecast that Canadian National Railway will post $5.12 earnings per share for the current year.
In related news, Director Robert L. Phillips acquired 2,000 shares of the stock in a transaction dated Friday, June 23rd. The stock was acquired at an average cost of C$105.63 per share, with a total value of C$211,260.00. Also, Director Robert Pace acquired 4,900 shares of the stock in a transaction dated Wednesday, July 26th. The shares were bought at an average cost of C$99.20 per share, with a total value of C$486,080.00. Over the last ninety days, insiders acquired 8,200 shares of company stock valued at $826,781 and sold 28,767 shares valued at $2,808,950.
About Canadian National Railway
Canadian National Railway Company is engaged in the rail and related transportation business. The Company’s network of approximately 20,000 route miles of track spans Canada and mid-America, connecting approximately three coasts, including the Atlantic, the Pacific and the Gulf of Mexico and serving the cities and ports of Vancouver, Prince Rupert (British Columbia), Montreal, Halifax, New Orleans, and Mobile (Alabama), and the metropolitan areas of Toronto, Edmonton, Winnipeg, Calgary, Chicago, Memphis, Detroit, Duluth (Minnesota)/Superior (Wisconsin), and Jackson (Mississippi), with connections to all points in North America.
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