Canadian National Railway (TSE:CNR) (NYSE:CNI) has earned an average recommendation of “Hold” from the eleven analysts that are presently covering the firm, MarketBeat reports. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average 1 year price objective among analysts that have issued ratings on the stock in the last year is C$125.09.
A number of research analysts have recently commented on CNR shares. Raymond James reiterated an “outperform” rating and issued a C$135.00 price objective on shares of Canadian National Railway in a report on Wednesday, July 24th. Cormark increased their price objective on Canadian National Railway from C$99.00 to C$101.00 in a report on Wednesday, July 24th. TD Securities increased their price objective on Canadian National Railway from C$135.00 to C$140.00 and gave the company a “buy” rating in a report on Tuesday, April 30th. Desjardins increased their price objective on Canadian National Railway from C$128.00 to C$129.00 and gave the company a “hold” rating in a report on Wednesday, July 24th. Finally, UBS Group dropped their price objective on Canadian National Railway from C$127.00 to C$126.00 in a report on Wednesday, July 24th.
CNR stock traded down C$2.83 during mid-day trading on Friday, reaching C$119.45. The company had a trading volume of 760,600 shares, compared to its average volume of 1,081,127. The company has a debt-to-equity ratio of 77.28, a quick ratio of 0.34 and a current ratio of 0.69. The company has a market capitalization of $85.78 billion and a price-to-earnings ratio of 19.70. The firm has a fifty day simple moving average of C$122.88 and a 200 day simple moving average of C$120.54. Canadian National Railway has a fifty-two week low of C$96.46 and a fifty-two week high of C$127.96.
In other news, Senior Officer Kimberley A. Madigan sold 4,891 shares of the firm’s stock in a transaction that occurred on Wednesday, June 5th. The stock was sold at an average price of C$120.54, for a total value of C$589,572.23. Following the completion of the sale, the insider now directly owns 21 shares of the company’s stock, valued at approximately C$2,531.39. Also, insider Cascade Investment, L.L.C. purchased 188,936 shares of Canadian National Railway stock in a transaction dated Friday, August 9th. The stock was acquired at an average cost of C$123.84 per share, with a total value of C$23,398,063.23. Following the completion of the acquisition, the insider now directly owns 101,048,265 shares in the company, valued at C$12,513,939,608.10. Over the last ninety days, insiders have acquired 428,636 shares of company stock valued at $52,403,800 and have sold 27,833 shares valued at $3,392,254.
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.
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