Canadian National Railway (CNR) Shares Down 2.9%

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Canadian National Railway (TSE:CNR) (NYSE:CNI) shares traded down 2.9% on Tuesday . The company traded as low as C$108.17 and last traded at C$108.55. 387,785 shares traded hands during trading, a decline of 68% from the average session volume of 1,202,912 shares. The stock had previously closed at C$111.80.

A number of research analysts have recently weighed in on the company. Morgan Stanley raised their price objective on Canadian National Railway from C$116.00 to C$119.00 in a research report on Tuesday, October 9th. National Bank Financial lifted their price target on Canadian National Railway from C$118.00 to C$119.00 and gave the stock a “sector perform” rating in a research report on Wednesday, October 24th. CIBC dropped their price target on Canadian National Railway from C$120.00 to C$118.00 in a research report on Wednesday, January 2nd. Raymond James lifted their price target on Canadian National Railway from C$120.00 to C$125.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 3rd. Finally, JPMorgan Chase & Co. dropped their price target on Canadian National Railway from C$122.00 to C$112.00 in a research report on Tuesday, December 18th. Three research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus price target of C$117.62.

The company has a debt-to-equity ratio of 67.56, a current ratio of 0.72 and a quick ratio of 0.38.

Canadian National Railway (TSE:CNR) (NYSE:CNI) last announced its quarterly earnings data on Tuesday, October 23rd. The company reported C$1.50 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of C$1.46 by C$0.04. The firm had revenue of C$3.69 billion during the quarter, compared to the consensus estimate of C$3.54 billion. On average, sell-side analysts predict that Canadian National Railway will post 6.28999951844157 EPS for the current fiscal year.

In other Canadian National Railway news, insider Douglas Allan Macdonald sold 7,299 shares of the firm’s stock in a transaction dated Tuesday, November 27th. The shares were sold at an average price of C$111.45, for a total value of C$813,473.55.

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About Canadian National Railway (TSE:CNR)

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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