Canadian National Railway (TSE:CNR) Reaches New 12-Month High After Analyst Upgrade

Canadian National Railway (TSE:CNR) (NYSE:CNI)’s stock price reached a new 52-week high during trading on Thursday after Royal Bank Of Canada raised their price target on the stock from C$178.00 to C$195.00. Royal Bank Of Canada currently has an outperform rating on the stock. Canadian National Railway traded as high as C$171.10 and last traded at C$170.66, with a volume of 377571 shares trading hands. The stock had previously closed at C$165.00.

A number of other brokerages have also recently commented on CNR. TD upped 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 report on Monday, April 13th. ATB Cormark Capital Markets lifted their price objective 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. JPMorgan Chase & Co. boosted their price objective on Canadian National Railway from C$147.00 to C$153.00 in a research note on Tuesday, April 7th. Scotia upped their target price on Canadian National Railway from C$160.00 to C$162.00 and gave the company a “sector outperform” rating in a research report on Thursday, April 30th. Finally, Desjardins raised their target price on Canadian National Railway from C$156.00 to C$163.00 and gave the stock a “buy” rating in a research note on Thursday, April 30th. Two research analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating and six have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of C$159.06.

Insider Activity at Canadian National Railway

In other news, Director Justin M. Howell bought 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 directly owned 350 shares of the company’s stock, valued at C$53,459. This trade represents a ∞ increase in their ownership of the stock. 2.64% of the stock is currently owned by corporate insiders.

Canadian National Railway Price Performance

The stock has a market capitalization of C$103.52 billion, a price-to-earnings ratio of 22.48, a PEG ratio of 3.38 and a beta of 1.21. The business’s fifty day moving average price is C$158.40 and its 200-day moving average price is C$147.00. The company has a debt-to-equity ratio of 104.96, a current ratio of 0.67 and a quick ratio of 0.57.

Canadian National Railway (TSE:CNR) (NYSE:CNI) last posted its earnings results on Wednesday, April 29th. The company reported C$1.80 EPS for the quarter. The company had revenue of C$4.38 billion during the quarter. Canadian National Railway had a net margin of 27.23% and a return on equity of 21.93%. On average, research analysts forecast that Canadian National Railway will post 8.2610275 EPS for the current year.

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.