Raymond James Reiterates “C$175.00” Price Target for Canadian National Railway (TSE:CNR)

Canadian National Railway (TSE:CNR – Get Rating) (NYSE:CNI) has been assigned a C$175.00 target price by equities researchers at Raymond James in a research report issued on Thursday, BayStreet.CA reports. The brokerage currently has a “market perform” rating on the stock. Raymond James’ price target points to a potential upside of 12.66% from the stock’s previous close. Raymond James also issued estimates for Canadian National Railway’s Q3 2022 earnings at $1.87 EPS, Q3 2022 earnings at $1.89 EPS and FY2023 earnings at $7.96 EPS.

CNR has been the topic of a number of other research reports. CIBC decreased their price target on shares of Canadian National Railway from C$169.00 to C$167.00 in a research note on Wednesday. Veritas Investment Research reiterated a “reduce” rating on shares of Canadian National Railway in a research note on Wednesday, January 26th. UBS Group decreased their price target on shares of Canadian National Railway from C$187.00 to C$184.00 and set a “buy” rating on the stock in a research note on Wednesday. National Bankshares decreased their price target on shares of Canadian National Railway from C$172.00 to C$168.00 in a research note on Friday, April 8th. Finally, Morgan Stanley decreased their price target on shares of Canadian National Railway from C$158.00 to C$156.00 and set an “equal weight” rating on the stock in a research note on Wednesday. One equities research analyst has rated the stock with a sell rating, fourteen have assigned a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and an average target price of C$156.41.

Shares of CNR stock opened at C$155.34 on Thursday. Canadian National Railway has a 1 year low of C$125.00 and a 1 year high of C$171.48. The firm’s fifty day simple moving average is C$160.74 and its 200 day simple moving average is C$158.92. The firm has a market capitalization of C$108.71 billion and a P/E ratio of 22.55. The company has a current ratio of 1.10, a quick ratio of 0.61 and a debt-to-equity ratio of 56.78.

Canadian National Railway (TSE:CNR – Get Rating) (NYSE:CNI) last announced its earnings results on Tuesday, January 25th. The company reported C$1.71 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of C$1.53 by C$0.18. The company had revenue of C$3.75 billion for the quarter, compared to the consensus estimate of C$3.68 billion. Equities research analysts anticipate that Canadian National Railway will post 7.92 EPS for the current fiscal year.

In related news, Director James E. O’connor purchased 579 shares of the stock in a transaction dated Thursday, March 24th. The stock was bought at an average cost of C$168.27 per share, with a total value of C$97,430.07. Following the purchase, the director now directly owns 34,727 shares in the company, valued at approximately C$5,843,616.47. Also, Senior Officer James Barry Cairns sold 3,303 shares of the company’s stock in a transaction dated Friday, February 25th. The shares were sold at an average price of C$158.04, for a total value of C$522,001.17. Following the completion of the sale, the insider now directly owns 2,036 shares of the company’s stock, valued at C$321,766.39. Over the last ninety days, insiders sold 20,890 shares of company stock valued at $3,244,109.

Canadian National Railway Company Profile (Get Rating)

Canadian National Railway Company, together with its subsidiaries, engages in the rail and related transportation business. The company's portfolio of goods includes petroleum and chemicals, grain and fertilizers, coal, metals and minerals, forest products, intermodal, and automotive products serving exporters, importers, retailers, farmers, and manufacturers.

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