Scotiabank Cuts Canadian National Railway (TSE:CNR) Price Target to C$178.00

Canadian National Railway (TSE:CNR) (NYSE:CNI) had its price objective lowered by investment analysts at Scotiabank from C$180.00 to C$178.00 in a note issued to investors on Monday,BayStreet.CA reports. Scotiabank’s price target would suggest a potential upside of 20.47% from the stock’s current price.

A number of other equities research analysts have also recently commented on CNR. ATB Capital increased their price target on Canadian National Railway from C$167.00 to C$168.00 in a research note on Wednesday, October 23rd. Desjardins lowered their target price 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 note on Wednesday, October 23rd. 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. National Bankshares lowered their price objective on shares of Canadian National Railway from C$181.00 to C$178.00 and set an “outperform” rating for the company in a research note on Wednesday, October 23rd. Finally, Veritas raised Canadian National Railway from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, October 23rd. One research analyst has rated the stock with a sell rating, five have issued a hold rating, nine have issued a buy rating and four have assigned a strong buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of C$170.47.

Canadian National Railway Stock Up 0.6 %

Shares of TSE CNR traded up C$0.82 during mid-day trading on Monday, reaching C$147.75. 134,734 shares of the company were exchanged, compared to its average volume of 922,991. The company has a quick ratio of 0.58, a current ratio of 0.63 and a debt-to-equity ratio of 107.62. The stock has a market cap of C$93.01 billion, a price-to-earnings ratio of 17.55, a P/E/G ratio of 3.38 and a beta of 0.65. The firm has a 50-day moving average of C$149.84 and a 200 day moving average of C$155.13. Canadian National Railway has a 1 year low of C$143.18 and a 1 year high of C$181.34.

Insider Buying and Selling at Canadian National Railway

In related news, Director Josephine Ann Marie Depass Olsovsky purchased 1,786 shares of the company’s stock in a transaction that occurred on Wednesday, November 6th. The shares were purchased at an average price of C$154.93 per share, with a total value of C$276,697.30. Also, Senior Officer Ghislain Houle sold 5,741 shares of the company’s stock in a transaction on Friday, November 1st. The stock was sold at an average price of C$150.82, for a total transaction of C$865,844.99. Over the last quarter, insiders bought 6,694 shares of company stock valued at $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.