Canadian National Railway (CNR) Given a C$117.00 Price Target by Morgan Stanley Analysts

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Canadian National Railway (TSE:CNR) (NYSE:CNI) has been given a C$117.00 price target by stock analysts at Morgan Stanley in a research note issued on Monday. Morgan Stanley’s target price points to a potential upside of 8.09% from the company’s current price.

CNR has been the topic of a number of other research reports. CIBC increased their price target on Canadian National Railway from C$118.00 to C$119.00 in a research report on Wednesday, January 30th. National Bank Financial reduced their price target on Canadian National Railway from C$119.00 to C$110.00 and set a “sector perform” rating on the stock in a research report on Wednesday, December 19th. TD Securities increased their price target on Canadian National Railway from C$125.00 to C$130.00 and gave the company a “buy” rating in a research report on Wednesday, January 30th. Royal Bank of Canada reduced their price target on Canadian National Railway from C$130.00 to C$128.00 in a research report on Monday, December 17th. Finally, BMO Capital Markets reaffirmed a “market perform” rating and issued a C$122.00 price target on shares of Canadian National Railway in a research report on Thursday, November 8th. Three analysts have rated the stock with a hold rating and five have given a buy rating to the company. Canadian National Railway currently has an average rating of “Buy” and a consensus price target of C$118.00.

CNR stock traded down C$1.40 during mid-day trading on Monday, reaching C$108.24. The company had a trading volume of 500,218 shares, compared to its average volume of 1,177,100. The company has a debt-to-equity ratio of 71.25, a current ratio of 0.78 and a quick ratio of 0.41. The firm has a market capitalization of $80.31 billion and a P/E ratio of 18.45. Canadian National Railway has a fifty-two week low of C$90.84 and a fifty-two week high of C$118.62.

In other news, Director Gordon D. Giffin purchased 1,796 shares of the business’s stock in a transaction on Thursday, January 31st. The shares were bought at an average price of C$110.15 per share, with a total value of C$197,823.07. Following the completion of the transaction, the director now directly owns 50,367 shares in the company, valued at approximately C$5,547,747.56. Also, insider Douglas Allan Macdonald sold 7,299 shares of Canadian National Railway stock in a transaction that occurred on Tuesday, November 27th. The stock was sold at an average price of C$111.45, for a total value of C$813,473.55.

Canadian National Railway Company Profile

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.

See Also: Earnings Per Share

Analyst Recommendations for Canadian National Railway (TSE:CNR)

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