Citigroup Upgrades Canadian National Railway (TSE:CNR) to “Strong-Buy”

Canadian National Railway (TSE:CNR) (NYSE:CNI) was upgraded by investment analysts at Citigroup from a “hold” rating to a “strong-buy” rating in a research report issued on Tuesday,Zacks.com reports.

CNR has been the topic of several other reports. UBS Group upped their price target on shares of Canadian National Railway from C$189.00 to C$190.00 in a research note on Thursday, October 24th. TD Securities decreased their target price on shares of Canadian National Railway from C$180.00 to C$175.00 and set a “hold” rating for the company in a research report on Wednesday, October 23rd. Royal Bank of Canada raised shares of Canadian National Railway from a “sector perform” rating to an “outperform” rating and raised their price objective for the stock from C$169.00 to C$179.00 in a research report on Thursday, October 10th. ATB Capital lifted their price target on shares of Canadian National Railway from C$167.00 to C$168.00 in a research report on Wednesday, October 23rd. Finally, 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. One investment analyst has rated the stock with a sell rating, seven have given a hold rating, seven have issued a buy rating and three have given a strong buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of C$171.07.

Canadian National Railway Stock Up 0.3 %

Shares of TSE CNR opened at C$156.02 on Tuesday. The company has a debt-to-equity ratio of 107.62, a quick ratio of 0.58 and a current ratio of 0.63. Canadian National Railway has a 52-week low of C$149.22 and a 52-week high of C$181.34. The firm has a 50 day moving average price of C$156.89 and a 200 day moving average price of C$161.96. The stock has a market cap of C$98.21 billion, a P/E ratio of 18.47, a P/E/G ratio of 3.38 and a beta of 0.65.

Insiders Place Their Bets

In related news, Director Susan C. Jones purchased 1,230 shares of the stock in a transaction that occurred on Tuesday, September 17th. The stock was purchased at an average cost of C$162.05 per share, for a total transaction of C$199,324.82. In related news, Director Susan C. Jones purchased 1,230 shares of Canadian National Railway stock in a transaction dated Tuesday, September 17th. The shares were acquired at an average price of C$162.05 per share, with a total value of C$199,324.82. Also, Senior Officer Ghislain Houle sold 5,741 shares of the firm’s stock in a transaction dated Friday, November 1st. The stock was sold at an average price of C$150.82, for a total transaction of C$865,844.99. Insiders have acquired a total of 4,559 shares of company stock valued at $714,135 in the last quarter. 2.64% of the stock is currently owned by company 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.