Canadian National Railway (TSE:CNR – Get Rating) (NYSE:CNI) had its price objective cut by ATB Capital from C$180.00 to C$175.00 in a research report issued on Wednesday, BayStreet.CA reports. ATB Capital’s price target suggests a potential upside of 10.58% from the company’s current price.
A number of other research firms have also recently commented on CNR. CIBC reduced their price target on shares of Canadian National Railway from C$181.00 to C$175.00 and set a “neutral” rating for the company in a report on Wednesday. Barclays lifted their price objective on shares of Canadian National Railway from C$150.00 to C$160.00 in a report on Wednesday, October 26th. Raymond James lifted their price objective on shares of Canadian National Railway from C$175.00 to C$190.00 in a report on Tuesday. JPMorgan Chase & Co. lifted their price objective on shares of Canadian National Railway from C$167.00 to C$168.00 in a report on Wednesday. Finally, Morgan Stanley reduced their price objective on shares of Canadian National Railway from C$156.00 to C$154.00 in a report on Wednesday. Two analysts have rated the stock with a sell rating, fourteen have given a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat, Canadian National Railway currently has a consensus rating of “Hold” and a consensus price target of C$161.08.
Canadian National Railway Stock Down 4.6 %
TSE:CNR traded down C$7.66 during trading hours on Wednesday, reaching C$158.25. The company had a trading volume of 1,193,545 shares, compared to its average volume of 956,289. The company has a quick ratio of 0.58, a current ratio of 1.01 and a debt-to-equity ratio of 71.59. The firm has a market cap of C$107.28 billion and a price-to-earnings ratio of 21.74. The business’s 50-day simple moving average is C$166.50 and its two-hundred day simple moving average is C$160.00. Canadian National Railway has a twelve month low of C$137.26 and a twelve month high of C$175.39.
In other news, Senior Officer Donald K. Reardon sold 9,280 shares of the business’s stock in a transaction that occurred on Tuesday, November 22nd. The shares were sold at an average price of C$168.25, for a total value of C$1,561,341.33. Following the sale, the insider now owns 20,531 shares of the company’s stock, valued at C$3,454,299.44.
About Canadian National Railway
Canadian National Railway Company, together with its subsidiaries, engages in the rail and related transportation business. The company's portfolio of goods includes petroleum and chemicals, grain and fertilizers, coal, metals and minerals, forest products, intermodal, and automotive products serving exporters, importers, retailers, farmers, and manufacturers.
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