Canadian National Railway (TSE:CNR) Price Target Raised to C$205.00

Canadian National Railway (TSE:CNR) (NYSE:CNI) had its target price lifted by TD from C$191.00 to C$205.00 in a report released on Monday,BayStreet.CA reports. They currently have a buy rating on the stock.

A number of other equities research analysts have also recently issued reports on the stock. Scotia upped their price objective on shares of Canadian National Railway from C$160.00 to C$162.00 and gave the stock a “sector outperform” rating in a report on Thursday, April 30th. Citizens Jmp raised Canadian National Railway to a “hold” rating in a research report on Wednesday, July 15th. Desjardins upped their price target on Canadian National Railway from C$163.00 to C$185.00 and gave the stock a “buy” rating in a research note on Thursday, July 9th. Canadian Imperial Bank of Commerce raised their price objective on Canadian National Railway from C$185.00 to C$198.00 in a research note on Monday. Finally, Sanford C. Bernstein upped their target price on Canadian National Railway from C$163.00 to C$196.00 in a research report on Thursday, July 16th. Three equities research analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating and eight have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of C$183.29.

Canadian National Railway Price Performance

Shares of TSE:CNR opened at C$182.57 on Monday. The company has a current ratio of 0.87, a quick ratio of 0.57 and a debt-to-equity ratio of 103.26. Canadian National Railway has a 1 year low of C$126.11 and a 1 year high of C$185.25. The business has a fifty day simple moving average of C$170.08 and a 200 day simple moving average of C$154.16. The firm has a market cap of C$110.44 billion, a price-to-earnings ratio of 24.05, a P/E/G ratio of 3.38 and a beta of 1.18.

Canadian National Railway (TSE:CNR) (NYSE:CNI) last released its quarterly earnings data on Friday, July 24th. The company reported C$2.08 earnings per share (EPS) for the quarter. The firm had revenue of C$4.75 billion during the quarter. Canadian National Railway had a return on equity of 22.19% and a net margin of 26.92%. As a group, sell-side analysts predict that Canadian National Railway will post 8.2610275 earnings per share for the current fiscal year.

Insider Transactions at Canadian National Railway

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

Canadian National Railway News Roundup

Here are the key news stories impacting Canadian National Railway this week:

• Positive Sentiment: Canadian National Railway’s earnings beat has renewed attention on its valuation and may support the case for further gains. The company most recently reported C$2.08 in quarterly EPS and C$4.75 billion in revenue. Canadian National Railway Earnings Beat Puts Valuation Back In Focus
• Positive Sentiment: Multiple firms raised their price targets, including Barclays to C$185, National Bank Financial to C$192, CIBC to C$198, Raymond James to C$200 and Royal Bank of Canada to C$205. These revisions signal expectations for additional appreciation. Barclays Price Target National Bank Financial Price Target CIBC Price Target Raymond James Price Target Royal Bank of Canada Price Target
• Positive Sentiment: Analysts at JPMorgan, BMO, Scotia, ATB Cormark, Desjardins and TD also forecast strong price appreciation, reinforcing the broader bullish analyst view. JPMorgan Forecast BMO Forecast Scotia Forecast ATB Cormark Forecast Desjardins Forecast TD Forecast
• Neutral Sentiment: Wells Fargo raised its target to C$145, a more cautious level than most peers and below the company’s recent trading range, highlighting continued valuation disagreement. Wells Fargo Price Target
• Negative Sentiment: Public-market insider selling at Canadian National Railway could weigh on sentiment, as investors may interpret insider transactions as a signal to lock in gains after the stock’s strong advance. Public Market Insider Selling at Canadian National Railway

Canadian National Railway Company Profile

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.