Canadian National Railway Company (TSE:CNR) (NYSE:CNI)‘s stock had its “outperform” rating restated by equities research analysts at BMO Capital Markets in a research note issued to investors on Wednesday, October 25th. They currently have a C$111.00 target price on the stock. BMO Capital Markets’ target price suggests a potential upside of 8.11% from the stock’s previous close.
Other equities analysts also recently issued research reports about the company. CIBC cut their price objective on Canadian National Railway from C$111.00 to C$110.00 in a research report on Tuesday, September 26th. National Bank Financial cut their price objective on Canadian National Railway from C$108.00 to C$105.00 in a research report on Wednesday, September 13th. J P Morgan Chase & Co cut their price objective on Canadian National Railway from C$105.00 to C$104.00 in a research report on Wednesday, October 25th. Royal Bank of Canada reissued an “outperform” rating and set a C$110.00 price target on shares of Canadian National Railway in a research report on Friday, September 8th. Finally, Scotiabank reissued an “outperform” rating and set a C$115.00 price target on shares of Canadian National Railway in a research report on Monday, September 11th. Three equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Canadian National Railway presently has a consensus rating of “Buy” and a consensus price target of C$107.60.
Canadian National Railway (CNR) traded up C$0.47 during trading hours on Wednesday, reaching C$102.67. The company had a trading volume of 917,104 shares, compared to its average volume of 1,185,021. Canadian National Railway has a one year low of C$85.01 and a one year high of C$108.64.
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In other Canadian National Railway news, insider Michael A. Cory sold 250 shares of the stock in a transaction dated Thursday, August 31st. The stock was sold at an average price of C$100.44, for a total value of C$25,110.00. Also, insider Jean-Jacques Ruest sold 31,464 shares of the stock in a transaction dated Friday, September 22nd. The shares were sold at an average price of C$81.99, for a total value of C$2,579,733.36. In the last ninety days, insiders have sold 54,382 shares of company stock worth $4,870,014.
About Canadian National Railway
Canadian National Railway Company is engaged in the rail and related transportation business. The Company’s network of approximately 20,000 route miles of track spans Canada and mid-America, connecting approximately three coasts, including the Atlantic, the Pacific and the Gulf of Mexico and serving the cities and ports of Vancouver, Prince Rupert (British Columbia), Montreal, Halifax, New Orleans, and Mobile (Alabama), and the metropolitan areas of Toronto, Edmonton, Winnipeg, Calgary, Chicago, Memphis, Detroit, Duluth (Minnesota)/Superior (Wisconsin), and Jackson (Mississippi), with connections to all points in North America.
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