Canadian National Railway (TSE:CNR) Reaches New 12-Month High – What’s Next?

Canadian National Railway (TSE:CNR) (NYSE:CNI)’s share price reached a new 52-week high during trading on Thursday . The company traded as high as C$172.76 and last traded at C$172.76, with a volume of 338983 shares. The stock had previously closed at C$169.25.

Wall Street Analysts Forecast Growth

CNR has been the topic of a number of recent research reports. Raymond James Financial lifted their target price on Canadian National Railway from C$162.00 to C$170.00 and gave the company an “outperform” rating in a research report on Thursday, April 23rd. TD increased their price target on Canadian National Railway from C$164.00 to C$171.00 and gave the company a “buy” rating in a research report on Monday, April 13th. National Bank Financial raised their price target on Canadian National Railway from C$164.00 to C$173.00 and gave the company a “sector perform” rating in a research note on Friday, June 26th. ATB Cormark Capital Markets raised their price target on Canadian National Railway from C$146.00 to C$150.00 and gave the company a “sector perform” rating in a research note on Friday, April 17th. Finally, Scotia boosted their price target on Canadian National Railway from C$160.00 to C$162.00 and gave the stock a “sector outperform” rating in a research report on Thursday, April 30th. Three equities research analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of C$159.62.

Canadian National Railway Trading Up 1.6%

The business’s 50-day moving average price is C$160.28 and its 200 day moving average price is C$148.22. The company has a market cap of C$104.29 billion, a P/E ratio of 22.65, a P/E/G ratio of 3.38 and a beta of 1.21. The company has a debt-to-equity ratio of 104.96, a quick ratio of 0.57 and a current ratio of 0.67.

Canadian National Railway (TSE:CNR) (NYSE:CNI) last released its quarterly earnings data on Wednesday, April 29th. The company reported C$1.80 earnings per share for the quarter. The company had revenue of C$4.38 billion for the quarter. Canadian National Railway had a net margin of 27.23% and a return on equity of 21.93%. As a group, analysts expect that Canadian National Railway will post 8.2610275 earnings per share for the current year.

Insiders Place Their Bets

In other Canadian National Railway news, Director Justin M. Howell acquired 350 shares of the company’s stock in a transaction on Friday, May 15th. The shares were purchased at an average price of C$152.74 per share, for a total transaction of C$53,459.00. Following the completion of the purchase, the director directly owned 350 shares of the company’s stock, valued at approximately C$53,459. This represents a ∞ increase in their ownership of the stock. 2.64% of the stock is currently owned by company insiders.

About Canadian National Railway

CN powers the economy by safely transporting more than 300 million tons of natural resources, manufactured products, and finished goods throughout North America every year for its customers. With its nearly 20,000-mile rail network and related transportation services, CN connects Canada’s Eastern and Western coasts with the U.S. Midwest and the U.S. Gulf Coast, contributing to sustainable trade and the prosperity of the communities in which it operates since 1919.