Canadian National Railway (TSE:CNR) Cut to Hold at Susquehanna

Susquehanna downgraded shares of Canadian National Railway (TSE:CNR) (NYSE:CNI) from a strong-buy rating to a hold rating in a research note published on Tuesday,Zacks.com reports.

CNR has been the topic of several other research reports. TD boosted their target price on Canadian National Railway from C$171.00 to C$191.00 in a research note on Friday, July 10th. Scotia raised their price target on shares of Canadian National Railway from C$160.00 to C$162.00 and gave the stock a “sector outperform” rating in a research note on Thursday, April 30th. Stephens upgraded shares of Canadian National Railway to a “hold” rating in a report on Wednesday, July 8th. Royal Bank Of Canada boosted their price objective on shares of Canadian National Railway from C$178.00 to C$195.00 and gave the stock an “outperform” rating in a research report on Wednesday, June 24th. Finally, JPMorgan Chase & Co. increased their target price on shares of Canadian National Railway from C$156.00 to C$175.00 in a report on Friday, July 10th. Three equities research analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating and seven have assigned a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of C$170.56.

Canadian National Railway Price Performance

CNR stock opened at C$180.16 on Tuesday. The stock has a 50-day moving average price of C$165.14 and a two-hundred day moving average price of C$151.32. The stock has a market cap of C$109.29 billion, a PE ratio of 23.74, a price-to-earnings-growth ratio of 3.38 and a beta of 1.18. The company has a current ratio of 0.67, a quick ratio of 0.57 and a debt-to-equity ratio of 104.96. Canadian National Railway has a 1 year low of C$126.11 and a 1 year high of C$180.17.

Canadian National Railway (TSE:CNR) (NYSE:CNI) last released its quarterly earnings results on Wednesday, April 29th. The company reported C$1.80 earnings per share (EPS) for the quarter. The firm had revenue of C$4.38 billion for the quarter. Canadian National Railway had a return on equity of 21.93% and a net margin of 27.23%. Equities analysts forecast that Canadian National Railway will post 8.2610275 EPS for the current fiscal year.

Insider Buying and Selling at Canadian National Railway

In related news, Director Justin M. Howell acquired 350 shares of the company’s stock in a transaction dated Friday, May 15th. The shares were bought at an average price of C$152.74 per share, for a total transaction of C$53,459.00. Following the purchase, the director directly owned 350 shares in the company, valued at approximately C$53,459. This trade represents a ∞ increase in their position. 2.64% of the stock is owned by company insiders.

About Canadian National Railway

CN powers the economy by safely transporting more than 300 million tons of natural resources, manufactured products, and finished goods throughout North America every year for its customers. With its nearly 20,000-mile rail network and related transportation services, CN connects Canada’s Eastern and Western coasts with the U.S. Midwest and the U.S. Gulf Coast, contributing to sustainable trade and the prosperity of the communities in which it operates since 1919.