JPMorgan Chase & Co. Cuts Canadian National Railway (TSE:CNR) Price Target to C$169.00

Canadian National Railway (TSE:CNR) (NYSE:CNI) had its price objective lowered by equities researchers at JPMorgan Chase & Co. from C$176.00 to C$169.00 in a research note issued on Tuesday, BayStreet.CA reports. The brokerage currently has a “neutral” rating on the stock. JPMorgan Chase & Co.‘s price target would suggest a potential upside of 9.61% from the stock’s current price.

A number of other equities research analysts have also weighed in on CNR. Wells Fargo & Company raised Canadian National Railway from an “equal weight” rating to an “overweight” rating in a report on Monday. Scotiabank reduced their price target on shares of Canadian National Railway from C$187.00 to C$180.00 and set an “outperform” rating for the company in a research report on Wednesday, September 11th. Sanford C. Bernstein downgraded shares of Canadian National Railway from an “outperform” rating to a “market perform” rating and reduced their price target for the company from C$195.00 to C$179.00 in a research report on Monday, July 8th. CIBC reduced their price target on shares of Canadian National Railway from C$170.00 to C$160.00 and set a “neutral” rating for the company in a research report on Wednesday, September 11th. Finally, UBS Group reduced their price target on shares of Canadian National Railway from C$202.00 to C$189.00 in a research report on Wednesday, July 24th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, Canadian National Railway has a consensus rating of “Hold” and an average price target of C$174.86.

Canadian National Railway Stock Performance

Shares of TSE CNR traded up C$0.05 during midday trading on Tuesday, reaching C$154.19. 206,941 shares of the company were exchanged, compared to its average volume of 1,118,215. The company has a current ratio of 0.63, a quick ratio of 0.58 and a debt-to-equity ratio of 107.62. Canadian National Railway has a 1 year low of C$143.13 and a 1 year high of C$181.34. The stock has a fifty day simple moving average of C$157.18 and a 200 day simple moving average of C$165.75. The stock has a market cap of C$97.06 billion, a P/E ratio of 18.31, a PEG ratio of 2.06 and a beta of 0.65.

Canadian National Railway (TSE:CNR) (NYSE:CNI) last released its quarterly earnings results on Tuesday, July 23rd. The company reported C$1.84 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C$1.93 by C($0.09). Canadian National Railway had a return on equity of 27.41% and a net margin of 32.02%. The company had revenue of C$4.33 billion for the quarter, compared to analysts’ expectations of C$4.40 billion. On average, research analysts forecast that Canadian National Railway will post 8.5979325 earnings per share for the current fiscal year.

Insider Activity

In related news, Director Shauneen Elizabeth Bruder acquired 543 shares of the stock in a transaction dated Wednesday, September 25th. The stock was bought at an average cost of C$157.53 per share, with a total value of C$85,539.88. In other news, Director Shauneen Elizabeth Bruder acquired 543 shares of the firm’s stock in a transaction on Wednesday, September 25th. The stock was bought at an average cost of C$157.53 per share, with a total value of C$85,539.88. Also, Director Josephine Ann Marie Depass Olsovsky acquired 2,610 shares of the firm’s stock in a transaction on Friday, July 26th. The stock was purchased at an average cost of C$115.29 per share, with a total value of C$300,906.90. Insiders purchased 4,383 shares of company stock valued at $585,772 in the last ninety days. Company insiders own 1.69% 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.