Canadian National Railway shares have decreased -12.92% in the last 200 days, while the S&P500 has risen 9.36% in the same time.
Advertisement
Canadian Pacific Railway cut its forecast for full-year revenue and earnings-per-share growth while it seeks to control costs amid a decline in demand for commodities shipments.
A 12 percent increase in adjusted earnings per share in the second quarter was driven by “swift action to recalibrate resources and double-down on efficiency, while continuing to improve customer service”, Chief Executive Officer Claude Mongeau said in a statement Monday. The firm raised its price target on shares of Google Inc from $693.00 to $775.00. The shares have now been rated Overweight by the stock experts at the ratings house. Analysts at RBC Capital reiterated a “hold” rating on shares of Canadian Pacific Railway Limited in a research note on Saturday, July 11th. The basis for this estimate uses the average of the earnings per share numbers that the covering sell-side analysts provide.
Now the company Insiders own 10.21% of Canadian National Railway Company Company shares.
There are a number of sell-side research brokerages which cover the stock and offer projections on earnings and future stock movement. The company had a buy rating from 2 analysts. The 52-week low of the share price is at $56.38. The company presently has a consensus rating of “Hold” and an average price target of $73.91. Analysts at Citigroup Inc. lowered their price target on shares of Canadian National Railway from $74.00 to $65.00 and set a “neutral” rating on the stock in a research note on Thursday, July 2nd. During last 3 month period, 0.69% of total institutional ownership has changed in the company shares.
The analyst consensus price target for Canadian Pacific Railway Limited (NYSE:CP) is at $191.793.
Advertisement
Canadian National Railway Company (NYSE:CNI) is engaged in the rail and related transportation business. CNs network of approximately 20,100 route miles spans Canada and mid-America, connecting three coasts: the Atlantic, the Pacific and the Gulf of Mexico, serving the ports of Vancouver, Prince Rupert (British Columbia), Montreal, Halifax, New Orleans, and Mobile (Alabama) and metropolitan areas of Toronto, Buffalo, Chicago, Detroit, Duluth (Minnesota)/Superior (Wisconsin), Green Bay (Wisconsin), Minneapolis/St. Paul, Memphis and Jackson (Mississippi), with connections to all points in North America.
