Barclays Lowers Canadian National Railway (TSE:CNR) Price Target to C$160.00

Canadian National Railway (TSE:CNR) (NYSE:CNI) had its target price reduced by equities research analysts at Barclays from C$162.00 to C$160.00 in a research report issued on Friday,BayStreet.CA reports. Barclays‘s price target points to a potential upside of 8.75% from the company’s previous close.

Several other equities analysts also recently weighed in on CNR. Evercore ISI raised Canadian National Railway from a “hold” rating to a “strong-buy” rating in a research report on Thursday, December 19th. JPMorgan Chase & Co. reaffirmed an “outperform” rating on shares of Canadian National Railway in a research report on Tuesday, January 7th. Desjardins dropped their target price on Canadian National Railway from C$181.00 to C$180.00 and set a “buy” rating for the company in a research report on Wednesday, October 23rd. Wells Fargo & Company raised Canadian National Railway from an “equal weight” rating to an “overweight” rating in a research report on Monday, October 7th. Finally, Royal Bank of Canada raised Canadian National Railway from a “sector perform” rating to an “outperform” rating and boosted their price objective for the stock from C$169.00 to C$179.00 in a research report on Thursday, October 10th. One analyst has rated the stock with a sell rating, five have issued a hold rating, nine have issued a buy rating and four have given a strong buy rating to the company. According to data from MarketBeat.com, Canadian National Railway currently has an average rating of “Moderate Buy” and a consensus target price of C$170.60.

Canadian National Railway Trading Up 0.2 %

TSE CNR traded up C$0.33 during trading on Friday, hitting C$147.13. The stock had a trading volume of 319,692 shares, compared to its average volume of 947,885. The company has a market capitalization of C$92.62 billion, a PE ratio of 17.47, a PEG ratio of 3.38 and a beta of 0.65. 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 firm has a 50 day moving average price of C$150.19 and a 200 day moving average price of C$155.38. Canadian National Railway has a twelve month low of C$143.18 and a twelve month high of C$181.34.

Insider Buying and Selling at Canadian National Railway

In related news, Director Shauneen Elizabeth Bruder purchased 608 shares of the business’s stock in a transaction dated Monday, December 23rd. The stock was acquired at an average price of C$145.24 per share, for a total transaction of C$88,307.74. Also, Senior Officer Ghislain Houle sold 5,741 shares of the company’s stock in a transaction that occurred on Friday, November 1st. The stock was sold at an average price of C$150.82, for a total value of C$865,844.99. Over the last quarter, insiders bought 6,694 shares of company stock worth $1,005,958. 2.64% of the stock is owned by insiders.

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.