Canadian National Railway (TSE:CNR) Downgraded to Market Perform at BMO Capital Markets

Canadian National Railway (TSE:CNR) (NYSE:CNI) was downgraded by investment analysts at BMO Capital Markets from an “outperform” rating to a “market perform” rating in a note issued to investors on Sunday, Analyst Price Targets reports. They currently have a C$155.00 target price on the stock, up from their previous target price of C$150.00. BMO Capital Markets’ price objective points to a potential upside of 6.35% from the stock’s current price.

A number of other brokerages have also recently weighed in on CNR. CIBC reissued an “outperform” rating on shares of Canadian National Railway in a research note on Wednesday, September 8th. UBS Group raised Canadian National Railway from a “neutral” rating to a “buy” rating and lifted their target price for the company from C$141.00 to C$162.00 in a research note on Friday, May 28th. Sanford C. Bernstein lowered their target price on Canadian National Railway from C$105.00 to C$99.00 in a research note on Friday, September 3rd. TD Securities upgraded Canadian National Railway from a “hold” rating to a “buy” rating and lifted their price target for the company from C$165.00 to C$175.00 in a report on Monday. Finally, Scotiabank lifted their price target on Canadian National Railway from C$147.00 to C$160.00 in a report on Friday. Five research analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to MarketBeat.com, Canadian National Railway has an average rating of “Buy” and an average target price of C$147.53.

TSE:CNR traded down C$4.58 during trading hours on Friday, hitting C$145.74. The stock had a trading volume of 1,340,905 shares, compared to its average volume of 1,440,169. Canadian National Railway has a 1-year low of C$125.00 and a 1-year high of C$161.15. The company has a current ratio of 0.93, a quick ratio of 0.48 and a debt-to-equity ratio of 69.32. The company has a market cap of C$103.32 billion and a PE ratio of 25.84. The business has a 50 day simple moving average of C$139.26 and a two-hundred day simple moving average of C$138.08.

Canadian National Railway (TSE:CNR) (NYSE:CNI) last issued its quarterly earnings data on Tuesday, July 20th. The company reported C$1.49 earnings per share for the quarter, meeting analysts’ consensus estimates of C$1.49. The company had revenue of C$3.60 billion for the quarter, compared to the consensus estimate of C$3.68 billion. Research analysts expect that Canadian National Railway will post 6.2915347 EPS for the current fiscal year.

In other news, insider Iii Gates William Henry sold 129,365 shares of the company’s stock in a transaction on Tuesday, August 31st. The stock was sold at an average price of C$154.87, for a total transaction of C$20,034,935.56. Following the transaction, the insider now owns 13,777,918 shares of the company’s stock, valued at C$2,133,805,119.08. Also, insider Cascade Investment, L.L.C. sold 2,053,796 shares of the stock in a transaction dated Tuesday, September 7th. The shares were sold at an average price of C$163.62, for a total value of C$336,044,418.20. Following the completion of the transaction, the insider now directly owns 73,846,269 shares in the company, valued at approximately C$12,082,809,832.37. Over the last 90 days, insiders have sold 6,177,795 shares of company stock worth $996,047,951.

About Canadian National Railway

Canadian National Railway Company, together with its subsidiaries, engages in the rail and related transportation business. Its 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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Analyst Recommendations for Canadian National Railway (TSE:CNR)

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