Canadian National Railway (TSE:CNR) Earns “Outperform” Rating from JPMorgan Chase & Co.

Canadian National Railway (TSE:CNR) (NYSE:CNI)‘s stock had its “outperform” rating reaffirmed by analysts at JPMorgan Chase & Co. in a report issued on Tuesday,BayStreet.CA reports.

CNR has been the subject of a number of other research reports. Barclays reduced their price target on Canadian National Railway from C$165.00 to C$162.00 and set a “hold” rating for the company in a report on Wednesday, September 25th. Royal Bank of Canada upgraded shares of Canadian National Railway from a “sector perform” rating to an “outperform” rating and upped their price target for the stock from C$169.00 to C$179.00 in a research report on Thursday, October 10th. Veritas upgraded Canadian National Railway from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, October 23rd. Wells Fargo & Company upgraded Canadian National Railway from an “equal weight” rating to an “overweight” rating in a research report on Monday, October 7th. Finally, ATB Capital increased their price objective on Canadian National Railway from C$167.00 to C$168.00 in a research note on Wednesday, October 23rd. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, eight have issued a buy rating and four have issued a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of C$171.07.

Canadian National Railway Stock Performance

Shares of TSE CNR traded up C$1.85 during midday trading on Tuesday, reaching C$150.38. 509,656 shares of the stock were exchanged, compared to its average volume of 1,001,525. The firm has a 50-day simple moving average of C$151.09 and a two-hundred day simple moving average of C$156.17. Canadian National Railway has a twelve month low of C$143.72 and a twelve month high of C$181.34. The firm has a market cap of C$94.66 billion, a price-to-earnings ratio of 17.86, 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.

Insider Buying and Selling

In other news, Director Josephine Ann Marie Depass Olsovsky purchased 1,786 shares of the stock in a transaction on Wednesday, November 6th. The stock was bought at an average price of C$154.93 per share, for a total transaction of C$276,697.30. Also, Director David Lund Freeman acquired 1,000 shares of Canadian National Railway stock in a transaction dated Thursday, October 24th. The stock was purchased at an average price of C$152.57 per share, for a total transaction of C$152,572.80. Insiders have acquired a total of 6,694 shares of company stock valued at $1,005,958 in the last ninety days. Company insiders own 2.64% of the company’s stock.

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.