JPMorgan Chase & Co. Boosts Canadian National Railway (TSE:CNR) Price Target to C$175.00

Canadian National Railway (TSE:CNR) (NYSE:CNI) had its price objective hoisted by stock analysts at JPMorgan Chase & Co. from C$156.00 to C$175.00 in a research report issued to clients and investors on Friday,BayStreet.CA reports. JPMorgan Chase & Co.‘s target price would indicate a potential downside of 0.85% from the company’s previous close.

A number of other research analysts also recently commented 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 company a “sector outperform” rating in a research note on Thursday, April 30th. Stephens upgraded Canadian National Railway to a “hold” rating in a report on Wednesday. Scotiabank raised their target price on 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. National Bank Financial upped their price target on shares of Canadian National Railway from C$164.00 to C$173.00 and gave the company a “sector perform” rating in a report on Friday, June 26th. Finally, ATB Cormark Capital Markets increased 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 report on Friday, April 17th. Three investment analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating and five have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Canadian National Railway has a consensus rating of “Moderate Buy” and an average price target of C$164.62.

Canadian National Railway Price Performance

Shares of CNR traded up C$0.40 on Friday, reaching C$176.50. The stock had a trading volume of 273,002 shares, compared to its average volume of 1,725,188. Canadian National Railway has a twelve month low of C$126.11 and a twelve month high of C$177.36. The firm has a market capitalization of C$107.06 billion, a PE ratio of 23.25, a PEG ratio of 3.38 and a beta of 1.18. The firm has a 50-day moving average of C$162.56 and a 200 day moving average of C$149.85. The company has a quick ratio of 0.57, a current ratio of 0.67 and a debt-to-equity ratio of 104.96.

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

Insiders Place Their Bets

In other Canadian National Railway news, Director Justin M. Howell purchased 350 shares of the firm’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 transaction, the director owned 350 shares in the company, valued at C$53,459. This represents a ∞ increase in their position. Insiders own 2.64% of the company’s stock.

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.