Canadian National Railways (TSE: CNR) (NYSE: CNI) The price target was raised by research analysts at CIBC in a research report released to customers and investors on Friday from C $ 142.00 to C $ 148.00, reports Price Targets.com. The company currently has a “neutral” rating on the stock. CIBC’s price target indicates a potential gain of 0.81% over the share’s last closing price.
CNR has been the subject of a number of other research reports. The UBS Group lowered its target price for the Canadian National Railway from C $ 148.00 to C $ 141.00 in a report on Wednesday, January 27. Sanford C. Bernstein lowered its price target for the Canadian National Railway from C $ 168.00 to C $ 156.00 in a report on Wednesday, January 27. National Bank Financial lowered its target price for Canadian National Railway from C $ 141.00 to C $ 137.00 and in a report on Wednesday, January 27, set a rating for the stock’s sector performance. The Royal Bank of Canada lowered its target price for the Canadian National Railway from C $ 155.00 to C $ 139.00 and issued a report on Wednesday, January 27, setting a rating for the stock’s sector performance. Finally, on Wednesday January 27th, Raymond James gave a research report an “outperform” rating with a target price of $ 160.00 on shares of the Canadian National Railway. Five research analysts for stocks have given the stock a hold rating and two have given the company a buy rating. The Canadian National Railway has an average “Hold” rating and an average price target of $ 147.80.
TSE: CNR traded around CAD 0.15 during mid-day trading on Friday to hit CAD 146.81. The share had a trading volume of 409,845 shares compared to an average volume of 1,416,776 shares. The company’s 50-day moving average is $ 140.56 and the company’s 200-day moving average is $ 140.29. The Canadian National Railway has a fifty-two week low of $ 102.85 and a fifty-two week high of $ 149.11. The stock has a market capitalization of $ 104.34 billion and a P / E ratio of 29.30. The company has a leverage ratio of 67.80, a current rate of 0.95, and a fast rate of 0.52.
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The Canadian National Railway (TSE: CNR) (NYSE: CNI) last released its quarterly earnings data on Tuesday, January 26th. The company reported earnings per share of $ 1.43 for the quarter, beating analysts’ consensus estimate of $ 1.40 by $ 0.03. The company had revenue of $ 3.66 billion for the quarter, compared to analyst estimates of $ 3.62 billion. Equity analysts expect the Canadian National Railway to post an EPS of 6.2915347 for the current year.
In other news, director Donald Carty bought 2,860 shares of Canadian National Railway in a transaction that occurred on Friday, January 29th. The stock was purchased at an average price of $ 133.54 per share for a total value of $ 381,926.04. Upon completion of the transaction, the director now directly holds 72,866 shares in the company valued at $ 9,730,567.32. In addition, Senior Officer Sean Finn sold 5,000 shares in the company in a transaction on Friday, January 29. The stock was sold at an average price of $ 129.42 for a total value of $ 647,080. Upon completion of the transaction, the Insider now directly holds 15,613 shares in the company valued at $ 2,020,572.01. In the past ninety days, insiders have sold 1,041,454 shares in the company, valued at $ 149,877,935.
Profile of the Canadian National Railway Company
The Canadian National Railway Company, together with its subsidiaries, operates in the rail and related transportation business. The product portfolio includes petroleum and chemicals, grain and fertilizers, coal, metals and minerals, forest products, intermodal products and automotive products for exporters, importers, retailers, farmers and manufacturers.
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