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

Canadian National Railway (TSE:CNR - Get Free Report) NYSE: CNI had its price objective cut by investment analysts at Scotiabank from C$180.00 to C$178.00 in a research note issued on Thursday,BayStreet.CA reports. Scotiabank's price objective suggests a potential upside of 23.80% from the stock's current price.

CNR has been the subject of several other reports. JPMorgan Chase & Co. restated an "outperform" rating on shares of Canadian National Railway in a research report on Tuesday, January 7th. TD Securities upgraded shares of Canadian National Railway from a "hold" rating to a "buy" rating and cut their price target for the stock from C$175.00 to C$170.00 in a report on Monday, January 13th. Evercore ISI upgraded Canadian National Railway from a "hold" rating to a "strong-buy" rating in a report on Thursday, December 19th. Barclays cut their target price on Canadian National Railway from C$162.00 to C$160.00 in a research note on Friday, January 17th. Finally, UBS Group upped their price target on Canadian National Railway from C$189.00 to C$190.00 in a research note on Thursday, October 24th. Four equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and four have assigned a strong buy rating to the company. According to MarketBeat, Canadian National Railway has an average rating of "Buy" and a consensus price target of C$170.64.

Canadian National Railway Trading Down 5.3 %

TSE CNR traded down C$8.04 on Thursday, reaching C$143.78. 1,722,640 shares of the company were exchanged, compared to its average volume of 973,398. 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 market capitalization of C$90.51 billion, a P/E ratio of 17.08, a price-to-earnings-growth ratio of 3.38 and a beta of 0.65. The business's fifty day moving average price is C$149.42 and its 200 day moving average price is C$154.44. The company has a current ratio of 0.63, a quick ratio of 0.58 and a debt-to-equity ratio of 107.62.

Insider Activity at Canadian National Railway

In other news, Director Josephine Ann Marie Depass Olsovsky purchased 1,786 shares of the stock in a transaction on Wednesday, November 6th. The stock was bought at an average price of C$154.93 per share, for a total transaction of C$276,697.30. Also, Director Shauneen Elizabeth Bruder acquired 608 shares of Canadian National Railway stock in a transaction dated Monday, December 23rd. The stock was purchased at an average price of C$145.24 per share, for a total transaction of C$88,307.74. Over the last three months, insiders purchased 5,694 shares of company stock worth $853,385. Company insiders own 2.64% of the company's stock.

Canadian National Railway Company Profile

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.