Canadian National Railway (TSE:CNR) Upgraded by Stephens to “Hold” Rating

Canadian National Railway (TSE:CNR) (NYSE:CNI) was upgraded by equities researchers at Stephens to a “hold” rating in a research note issued to investors on Wednesday,Zacks.com reports.

A number of other equities analysts have also weighed in on the company. ATB Cormark Capital Markets upped their target price on Canadian National Railway from C$146.00 to C$150.00 and gave the stock a “sector perform” rating in a research report on Friday, April 17th. Scotiabank boosted their price target on shares of Canadian National Railway from C$155.00 to C$160.00 and gave the company an “outperform” rating in a research note on Thursday, April 9th. TD boosted their price target on shares of Canadian National Railway from C$164.00 to C$171.00 and gave the company a “buy” rating in a research note on Monday, April 13th. Desjardins upped their price objective on shares of Canadian National Railway from C$156.00 to C$163.00 and gave the stock a “buy” rating in a report on Thursday, April 30th. Finally, Raymond James Financial upped their target price on shares of Canadian National Railway from C$162.00 to C$170.00 and gave the stock an “outperform” rating in a report on Thursday, April 23rd. Three research analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating and five have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of C$159.62.

Canadian National Railway Trading Down 0.3%

TSE:CNR opened at C$173.82 on Wednesday. Canadian National Railway has a 12 month low of C$126.11 and a 12 month high of C$174.57. The company has a current ratio of 0.67, a quick ratio of 0.57 and a debt-to-equity ratio of 104.96. The stock has a market capitalization of C$105.44 billion, a price-to-earnings ratio of 22.90, a PEG ratio of 3.38 and a beta of 1.18. The firm has a fifty day simple moving average of C$162.19 and a two-hundred day simple moving average of C$149.56.

Canadian National Railway (TSE:CNR) (NYSE:CNI) last announced its quarterly earnings data on Wednesday, April 29th. The company reported C$1.80 earnings per share for the quarter. The firm 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%. Analysts expect that Canadian National Railway will post 8.2610275 EPS for the current fiscal year.

Insider Activity

In other news, Director Justin M. Howell acquired 350 shares of Canadian National Railway stock in a transaction on Friday, May 15th. The stock was acquired at an average cost of C$152.74 per share, with a total value of C$53,459.00. Following the transaction, the director owned 350 shares of the company’s stock, valued at approximately C$53,459. This trade represents a ∞ increase in their position. 2.64% of the stock is currently owned by 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.