Canadian National Railway (TSE:CNR) Downgraded to “Hold” Rating by Susquehanna

Susquehanna downgraded shares of Canadian National Railway (TSE:CNR) (NYSE:CNI) from a strong-buy rating to a hold rating in a research note released on Tuesday,Zacks.com reports.

A number of other research analysts have also recently issued reports on the company. Scotiabank lifted their price objective on Canadian National Railway from C$155.00 to C$160.00 and gave the company an “outperform” rating in a research note on Thursday, April 9th. Stephens upgraded Canadian National Railway to a “hold” rating in a report on Wednesday, July 8th. Sanford C. Bernstein lifted their price target on Canadian National Railway from C$156.00 to C$163.00 in a research report on Tuesday, March 31st. Royal Bank Of Canada upped their price target on shares of Canadian National Railway from C$178.00 to C$195.00 and gave the stock an “outperform” rating in a research note on Wednesday, June 24th. Finally, Raymond James Financial increased their price objective on shares of Canadian National Railway from C$170.00 to C$198.00 and gave the company an “outperform” rating in a research report on Tuesday. Three investment analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating and six have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of C$166.38.

Canadian National Railway Price Performance

Shares of CNR opened at C$175.58 on Tuesday. Canadian National Railway has a fifty-two week low of C$126.11 and a fifty-two week high of C$178.40. The firm’s 50-day simple moving average is C$164.14 and its two-hundred day simple moving average is C$150.72. The stock has a market cap of C$106.51 billion, a PE ratio of 23.13, a price-to-earnings-growth ratio of 3.38 and a beta of 1.18. The company has a debt-to-equity ratio of 104.96, a quick ratio of 0.57 and a current ratio of 0.67.

Canadian National Railway (TSE:CNR) (NYSE:CNI) last released its earnings results on Wednesday, April 29th. The company reported C$1.80 earnings per share (EPS) for the quarter. Canadian National Railway had a net margin of 27.23% and a return on equity of 21.93%. The firm had revenue of C$4.38 billion during the quarter. Analysts anticipate that Canadian National Railway will post 8.2610275 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Canadian National Railway news, Director Justin M. Howell bought 350 shares of the business’s stock in a transaction on Friday, May 15th. The shares were acquired at an average cost of C$152.74 per share, for a total transaction of C$53,459.00. Following the purchase, the director owned 350 shares in the company, valued at approximately C$53,459. This trade represents a ∞ increase in their position. Corporate insiders own 2.64% of the company’s stock.

About Canadian National Railway

CN powers the economy by safely transporting more than 300 million tons of natural resources, manufactured products, and finished goods throughout North America every year for its customers. With its nearly 20,000-mile rail network and related transportation services, CN connects Canada’s Eastern and Western coasts with the U.S. Midwest and the U.S. Gulf Coast, contributing to sustainable trade and the prosperity of the communities in which it operates since 1919.