JPMorgan Chase & Co. Reiterates “Outperform” Rating for Canadian National Railway (TSE:CNR)

Canadian National Railway (TSE:CNR) (NYSE:CNI)‘s stock had its “outperform” rating reiterated by stock analysts at JPMorgan Chase & Co. in a research note issued on Tuesday,BayStreet.CA reports.

Several other equities analysts have also issued reports on the company. Raymond James reduced their price target on Canadian National Railway from C$187.00 to C$180.00 and set an “outperform” rating on the stock in a research report on Wednesday, September 11th. UBS Group raised their target price on shares of Canadian National Railway from C$189.00 to C$190.00 in a report on Thursday, October 24th. Evercore ISI raised shares of Canadian National Railway from a “hold” rating to a “strong-buy” rating in a research note on Thursday, December 19th. Desjardins dropped their price target on shares of Canadian National Railway from C$181.00 to C$180.00 and set a “buy” rating for the company in a research report on Wednesday, October 23rd. Finally, TD Securities decreased their price objective on shares of Canadian National Railway from C$180.00 to C$175.00 and set a “hold” rating on the stock in a research report on Wednesday, October 23rd. One research analyst has rated the stock with a sell rating, six have issued a hold rating, eight have given a buy rating and four have given a strong buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of C$171.07.

Canadian National Railway Stock Performance

TSE CNR opened at C$147.24 on Tuesday. The company has a 50-day simple moving average of C$150.91 and a two-hundred day simple moving average of C$155.98. Canadian National Railway has a 12-month low of C$143.72 and a 12-month high of C$181.34. The firm has a market cap of C$92.69 billion, a price-to-earnings ratio of 17.49, a PEG ratio of 3.38 and a beta of 0.65. The company has a quick ratio of 0.58, a current ratio of 0.63 and a debt-to-equity ratio of 107.62.

Insider Activity

In other Canadian National Railway news, Director David Lund Freeman bought 1,000 shares of the stock in a transaction dated Thursday, October 24th. The stock was purchased at an average cost of C$152.57 per share, for a total transaction of C$152,572.80. Also, Director Shauneen Elizabeth Bruder purchased 608 shares of the business’s stock in a transaction that occurred on Monday, December 23rd. The stock was bought at an average price of C$145.24 per share, for a total transaction of C$88,307.74. In the last 90 days, insiders have acquired 6,694 shares of company stock worth $1,005,958. Corporate insiders own 2.64% 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.