Canadian National Railway (TSE:CNR) Lifted to Buy at Evercore ISI

Canadian National Railway (TSE:CNR – Get Rating) (NYSE:CNI) was upgraded by analysts at Evercore ISI to a “buy” rating in a report released on Thursday, MarketBeat reports. The firm currently has a C$128.00 price objective on the stock. Evercore ISI’s price objective would suggest a potential downside of 11.03% from the company’s current price.

Other equities research analysts have also issued research reports about the company. Sanford C. Bernstein dropped their price target on Canadian National Railway from C$168.00 to C$167.00 in a research note on Wednesday, January 26th. Argus raised Canadian National Railway to a “buy” rating and set a C$145.00 price target for the company in a research note on Thursday, February 17th. BMO Capital Markets raised Canadian National Railway from a “market perform” rating to a “buy” rating and set a C$170.00 target price for the company in a research note on Wednesday, May 18th. Raymond James set a C$175.00 target price on Canadian National Railway and gave the company a “market perform” rating in a research note on Thursday, April 28th. Finally, National Bankshares lowered their target price on Canadian National Railway from C$172.00 to C$168.00 in a research note on Friday, April 8th. One analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of C$154.30.

CNR stock traded up C$2.78 during mid-day trading on Thursday, hitting C$143.87. 668,788 shares of the stock were exchanged, compared to its average volume of 1,328,407. The company has a debt-to-equity ratio of 62.72, a current ratio of 0.84 and a quick ratio of 0.47. The business has a fifty day moving average price of C$156.01 and a 200 day moving average price of C$157.77. Canadian National Railway has a 12 month low of C$128.50 and a 12 month high of C$171.48. The stock has a market capitalization of C$99.44 billion and a price-to-earnings ratio of 20.64.

In related news, insider Iii Gates William Henry sold 169,430 shares of the firm’s stock in a transaction that occurred on Friday, May 13th. The stock was sold at an average price of C$143.88, for a total transaction of C$24,377,029.28. Following the completion of the transaction, the insider now owns 11,364,245 shares of the company’s stock, valued at approximately C$1,635,050,068.59. Also, Senior Officer James Barry Cairns sold 3,303 shares of the firm’s stock in a transaction that occurred on Friday, February 25th. The shares were sold at an average price of C$158.04, for a total value of C$522,001.17. Following the transaction, the insider now directly owns 2,036 shares of the company’s stock, valued at approximately C$321,766.39. Insiders sold a total of 1,042,081 shares of company stock valued at $155,009,170 in the last three months.

Canadian National Railway Company Profile (Get Rating)

Canadian National Railway Company, together with its subsidiaries, engages in the rail and related transportation business. The company's 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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