Canadian National Railway (TSE:CNR) (NYSE:CNI) had its price target hoisted by research analysts at Royal Bank of Canada from C$128.00 to C$137.00 in a research report issued on Friday, BayStreet.CA reports. Royal Bank of Canada’s target price indicates a potential upside of 11.96% from the company’s previous close.
Several other brokerages also recently issued reports on CNR. CIBC lifted their target price on Canadian National Railway from C$124.00 to C$126.00 in a research note on Wednesday, July 24th. National Bank Financial decreased their target price on Canadian National Railway from C$126.00 to C$124.00 and set a “sector perform” rating on the stock in a research note on Thursday, June 27th. JPMorgan Chase & Co. lifted their target price on Canadian National Railway from C$122.00 to C$125.00 in a research note on Monday, July 29th. Raymond James reissued an “outperform” rating and set a C$135.00 target price on shares of Canadian National Railway in a research note on Wednesday, July 24th. Finally, BMO Capital Markets lifted their target price on Canadian National Railway from C$125.00 to C$126.00 in a research note on Wednesday, July 24th. Four equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Canadian National Railway presently has an average rating of “Hold” and an average price target of C$125.91.
Shares of CNR stock traded up C$0.23 during trading hours on Friday, reaching C$122.37. 496,660 shares of the company traded hands, compared to its average volume of 1,078,625. Canadian National Railway has a 12-month low of C$96.46 and a 12-month high of C$127.96. The company has a debt-to-equity ratio of 77.28, a current ratio of 0.69 and a quick ratio of 0.34. The company has a market cap of $88.10 billion and a P/E ratio of 20.18. The firm has a 50-day moving average price of C$122.74 and a 200 day moving average price of C$121.59.
In other news, insider Cascade Investment, L.L.C. acquired 188,936 shares of Canadian National Railway stock in a transaction on Friday, August 9th. The shares were acquired at an average price of C$123.84 per share, with a total value of C$23,398,063.23. Following the purchase, the insider now directly owns 101,048,265 shares in the company, valued at approximately C$12,513,939,608.10. Also, Director Denis Losier sold 1,000 shares of Canadian National Railway stock in a transaction that occurred on Thursday, September 12th. The stock was sold at an average price of C$122.11, for a total value of C$122,110.00. Following the completion of the sale, the director now directly owns 171,254 shares in the company, valued at approximately C$20,911,825.94. In the last ninety days, insiders acquired 428,636 shares of company stock worth $52,403,800 and sold 17,609 shares worth $2,156,008.
About Canadian National Railway
Canadian National Railway Company engages in rail and related transportation business. The company transports cargo serving exporters, importers, retailers, farmers, and manufacturers. It operates a network of approximately 20,000 route miles of track spans Canada and mid-America connecting the Atlantic, the Pacific, and the Gulf of Mexico.
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