Canadian National Railway (TSE:CNR) Price Target Raised to C$198.00

Canadian National Railway (TSE:CNR) (NYSE:CNI) had its target price raised by equities researchers at Raymond James Financial from C$170.00 to C$198.00 in a research note issued on Tuesday,BayStreet.CA reports. The firm currently has an “outperform” rating on the stock. Raymond James Financial’s target price indicates a potential upside of 12.23% from the stock’s previous close.

Several other brokerages have also weighed in on CNR. ATB Cormark Capital Markets lifted their price objective on Canadian National Railway from C$150.00 to C$166.00 and gave the stock a “sector perform” rating in a report on Friday. Desjardins increased their target price on shares of Canadian National Railway from C$163.00 to C$185.00 and gave the stock a “buy” rating in a research report on Thursday, July 9th. National Bank Financial lifted their target price on shares of Canadian National Railway from C$164.00 to C$173.00 and gave the stock a “sector perform” rating in a research note on Friday, June 26th. Sanford C. Bernstein boosted their price target on shares of Canadian National Railway from C$156.00 to C$163.00 in a research report on Tuesday, March 31st. Finally, Evercore upgraded shares of Canadian National Railway from a “hold” rating to a “strong-buy” rating in a research note on Thursday, June 25th. Three analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating and five have issued a Hold rating to the company. According to MarketBeat.com, Canadian National Railway currently has a consensus rating of “Moderate Buy” and a consensus target price of C$166.38.

Canadian National Railway Stock Performance

TSE CNR traded down C$1.10 on Tuesday, hitting C$176.43. 554,792 shares of the stock traded hands, compared to its average volume of 1,714,987. The company has a debt-to-equity ratio of 104.96, a quick ratio of 0.57 and a current ratio of 0.67. The business’s fifty day moving average is C$163.63 and its two-hundred day moving average is C$150.44. Canadian National Railway has a 12 month low of C$126.11 and a 12 month high of C$178.40. The firm has a market capitalization of C$107.02 billion, a price-to-earnings ratio of 23.25, a PEG ratio of 3.38 and a beta of 1.18.

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

Insider Activity

In related news, Director Justin M. Howell acquired 350 shares of the firm’s stock in a transaction that occurred on Friday, May 15th. The shares were bought at an average cost of C$152.74 per share, for a total transaction of C$53,459.00. Following the purchase, the director owned 350 shares in the company, valued at C$53,459. This trade represents a ∞ increase in their position. Insiders own 2.64% of the company’s stock.

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.