Canadian National Railway (TSE:CNR) Upgraded to Strong-Buy at Evercore ISI

Canadian National Railway (TSE:CNR) (NYSE:CNI) was upgraded by research analysts at Evercore ISI from a “hold” rating to a “strong-buy” rating in a report issued on Thursday,Zacks.com reports.

Several other equities analysts also recently issued reports on the stock. Sanford C. Bernstein reduced their price objective on shares of Canadian National Railway from C$179.00 to C$173.00 in a research note on Wednesday, October 9th. ATB Capital increased their price target on Canadian National Railway from C$167.00 to C$168.00 in a research note on Wednesday, October 23rd. TD Securities lowered their price objective on Canadian National Railway from C$180.00 to C$175.00 and set a “hold” rating for the company in a research report on Wednesday, October 23rd. JPMorgan Chase & Co. dropped their target price on Canadian National Railway from C$176.00 to C$169.00 and set a “neutral” rating for the company in a research note on Tuesday, October 8th. Finally, Raymond James decreased their price target on Canadian National Railway from C$187.00 to C$180.00 and set an “outperform” rating on the stock in a research note on Wednesday, September 11th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating, seven have assigned a buy rating and four have given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of C$171.07.

Canadian National Railway Price Performance

Canadian National Railway stock traded up C$0.47 during midday trading on Thursday, reaching C$145.34. 3,242,450 shares of the company were exchanged, compared to its average volume of 1,140,871. The company has a market capitalization of C$91.49 billion, a price-to-earnings ratio of 17.26, a P/E/G ratio of 3.38 and a beta of 0.65. The company has a debt-to-equity ratio of 107.62, a quick ratio of 0.58 and a current ratio of 0.63. The firm’s 50-day simple moving average is C$153.20 and its 200-day simple moving average is C$158.16. Canadian National Railway has a 1 year low of C$143.72 and a 1 year high of C$181.34.

Insider Buying and Selling at Canadian National Railway

In other Canadian National Railway news, Director Shauneen Elizabeth Bruder purchased 543 shares of the business’s stock in a transaction that occurred on Wednesday, September 25th. The shares were acquired at an average price of C$157.53 per share, for a total transaction of C$85,539.88. Also, Director David Lund Freeman acquired 1,000 shares of the stock in a transaction on Thursday, October 24th. The shares were acquired at an average price of C$152.57 per share, with a total value of C$152,572.80. Insiders bought 6,629 shares of company stock valued at $1,003,190 over the last 90 days. 2.64% of the stock is owned by corporate insiders.

Canadian National Railway Company Profile

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.