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

Canadian National Railway (TSE:CNR) (NYSE:CNI) had its price target trimmed by Scotiabank from C$180.00 to C$178.00 in a report released on Monday,BayStreet.CA reports.

Several other equities research analysts also recently weighed in on CNR. UBS Group increased their price objective on Canadian National Railway from C$189.00 to C$190.00 in a report on Thursday, October 24th. Sanford C. Bernstein lowered their price objective on shares of Canadian National Railway from C$179.00 to C$173.00 in a research report on Wednesday, October 9th. Evercore ISI upgraded shares of Canadian National Railway from a “hold” rating to a “strong-buy” rating in a research note on Thursday, December 19th. JPMorgan Chase & Co. restated an “outperform” rating on shares of Canadian National Railway in a research report on Tuesday, January 7th. Finally, Wells Fargo & Company upgraded Canadian National Railway from an “equal weight” rating to an “overweight” rating in a research note on Monday, October 7th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating, nine have assigned a buy rating and four have issued a strong buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of C$170.47.

Canadian National Railway Stock Up 0.9 %

Canadian National Railway stock opened at C$148.25 on Monday. The company has a market capitalization of C$93.32 billion, a P/E ratio of 17.61, a PEG ratio of 3.38 and a beta of 0.65. 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 fifty-two week low of C$143.18 and a fifty-two week high of C$181.34. The stock has a 50-day simple moving average of C$149.84 and a 200-day simple moving average of C$155.13.

Insider Buying and Selling

In related news, Senior Officer Ghislain Houle sold 5,741 shares of the business’s stock in a transaction dated Friday, November 1st. The shares were sold at an average price of C$150.82, for a total value of C$865,844.99. Also, Director David Lund Freeman purchased 1,000 shares of the firm’s stock in a transaction on Thursday, October 24th. The shares were purchased at an average cost of C$152.57 per share, for a total transaction of C$152,572.80. Insiders have acquired 6,694 shares of company stock worth $1,005,958 in the last three months. 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.