Scotia Increases Canadian National Railway (TSE:CNR) Price Target to C$199.00

Canadian National Railway (TSE:CNR) (NYSE:CNI) had its target price hoisted by analysts at Scotia from C$194.00 to C$199.00 in a research report issued on Monday,BayStreet.CA reports. The firm presently has a “sector outperform” rating on the stock. Scotia’s price target suggests a potential upside of 9.29% from the company’s previous close.

A number of other equities research analysts also recently commented on the company. Evercore upgraded Canadian National Railway from a “hold” rating to a “strong-buy” rating in a research report on Thursday, June 25th. Royal Bank Of Canada increased their price target on Canadian National Railway from C$178.00 to C$195.00 and gave the stock an “outperform” rating in a report on Wednesday, June 24th. TD raised their price objective on Canadian National Railway from C$191.00 to C$205.00 and gave the stock a “buy” rating in a research report on Monday. Desjardins boosted their price objective on shares of 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. Finally, Canadian Imperial Bank of Commerce upped their target price on shares of Canadian National Railway from C$185.00 to C$198.00 in a research report on Monday. Three investment analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating and eight have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of C$183.29.

Canadian National Railway Trading Down 0.4%

Shares of TSE CNR traded down C$0.82 during midday trading on Monday, reaching C$182.09. 676,090 shares of the stock were exchanged, compared to its average volume of 1,685,911. The stock has a market capitalization of C$110.46 billion, a P/E ratio of 23.99, a PEG ratio of 3.38 and a beta of 1.18. The company has a debt-to-equity ratio of 103.26, a quick ratio of 0.57 and a current ratio of 0.87. The company has a 50 day simple moving average of C$168.47 and a 200 day simple moving average of C$153.20. Canadian National Railway has a twelve month low of C$126.11 and a twelve month high of C$185.25.

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

Insider Activity at Canadian National Railway

In other news, Director Justin M. Howell purchased 350 shares of the stock in a transaction dated Friday, May 15th. The stock was acquired at an average cost of C$152.74 per share, for a total transaction of C$53,459.00. Following the completion of the transaction, the director directly owned 350 shares in the company, valued at approximately C$53,459. This represents a ∞ increase in their position. 2.64% of the stock is currently owned by corporate insiders.

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.