Wells Fargo & Company Forecasts Strong Price Appreciation for Canadian National Railway (TSE:CNR) Stock

Canadian National Railway (TSE:CNR) (NYSE:CNI) had its price target lifted by Wells Fargo & Company from C$135.00 to C$145.00 in a research note issued to investors on Monday,BayStreet.CA reports. The brokerage presently has an “overweight” rating on the stock. Wells Fargo & Company‘s target price would suggest a potential downside of 20.37% from the stock’s previous close.

Other analysts also recently issued reports about the company. Royal Bank Of Canada boosted their target price on Canadian National Railway from C$195.00 to C$205.00 and gave the company an “outperform” rating in a report on Monday. Desjardins raised their price target on Canadian National Railway from C$163.00 to C$185.00 and gave the stock a “buy” rating in a research note on Thursday, July 9th. National Bank Financial boosted their price objective on Canadian National Railway from C$173.00 to C$192.00 and gave the company a “sector perform” rating in a research note on Monday. Citizens Jmp upgraded Canadian National Railway to a “hold” rating in a research note on Wednesday, July 15th. Finally, Raymond James Financial increased their price objective on Canadian National Railway from C$198.00 to C$200.00 and gave the company an “outperform” rating in a report on Monday. Three investment analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating and eight have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of C$183.29.

Canadian National Railway Stock Down 0.4%

TSE:CNR traded down C$0.82 during midday trading on Monday, hitting C$182.09. 676,090 shares of the company were exchanged, compared to its average volume of 1,685,911. Canadian National Railway has a fifty-two week low of C$126.11 and a fifty-two week high of C$185.25. The company has a market capitalization of C$110.46 billion, a PE ratio of 23.99, a price-to-earnings-growth ratio of 3.38 and a beta of 1.18. The company has a current ratio of 0.87, a quick ratio of 0.57 and a debt-to-equity ratio of 103.26. The company has a fifty day simple moving average of C$168.47 and a 200 day simple moving average of C$153.20.

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

Insider Buying and Selling at Canadian National Railway

In related news, Director Justin M. Howell purchased 350 shares of the stock in a transaction that occurred on Friday, May 15th. The shares were purchased at an average price of C$152.74 per share, with a total value of C$53,459.00. Following the completion of the acquisition, the director directly owned 350 shares in the company, valued at C$53,459. This represents a ∞ increase in their position. Company 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.