Canadian National Railway (TSE:CNR) Given New C$196.00 Price Target at Sanford C. Bernstein

Canadian National Railway (TSE:CNR) (NYSE:CNI) had its target price upped by Sanford C. Bernstein from C$163.00 to C$196.00 in a research note issued on Thursday,BayStreet.CA reports. Sanford C. Bernstein’s price target would suggest a potential upside of 9.17% from the stock’s previous close.

Other equities analysts have also issued reports about the stock. Raymond James Financial raised their price target on shares of Canadian National Railway from C$170.00 to C$198.00 and gave the stock an “outperform” rating in a research report on Tuesday. National Bank Financial increased their price target on Canadian National Railway from C$164.00 to C$173.00 and gave the stock a “sector perform” rating in a research report on Friday, June 26th. Desjardins lifted their price objective on Canadian National Railway from C$163.00 to C$185.00 and gave the company a “buy” rating in a report on Thursday, July 9th. Scotiabank increased their target price on Canadian National Railway from C$155.00 to C$160.00 and gave the stock an “outperform” rating in a report on Thursday, April 9th. Finally, ATB Cormark Capital Markets boosted their price target on Canadian National Railway from C$150.00 to C$166.00 and gave the company a “sector perform” rating in a research note on Friday, July 10th. Three equities research analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating and seven have given a Hold rating to the company’s stock. According to MarketBeat.com, Canadian National Railway currently has a consensus rating of “Moderate Buy” and an average price target of C$170.56.

Canadian National Railway Stock Performance

Shares of Canadian National Railway stock traded up C$5.28 on Thursday, hitting C$179.54. The stock had a trading volume of 418,799 shares, compared to its average volume of 1,704,448. The stock has a market cap of C$108.91 billion, a price-to-earnings ratio of 23.65, a price-to-earnings-growth ratio of 3.38 and a beta of 1.18. 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 has a twelve month low of C$126.11 and a twelve month high of C$179.63. The business’s 50 day moving average is C$164.57 and its two-hundred day moving average is C$151.00.

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

Insider Activity

In related news, Director Justin M. Howell purchased 350 shares of the stock in a transaction dated Friday, May 15th. The stock was bought at an average cost of C$152.74 per share, for a total transaction of C$53,459.00. Following the completion of the acquisition, the director owned 350 shares of the company’s stock, valued at approximately C$53,459. This represents a ∞ increase in their ownership of the stock. Company 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.