Canadian National Railway (TSE:CNR) Price Target Raised to C$195.00

Canadian National Railway (TSE:CNR) (NYSE:CNI) had its price objective hoisted by equities research analysts at Desjardins from C$189.00 to C$195.00 in a research note issued to investors on Friday, BayStreet.CA reports. The brokerage presently has a “buy” rating on the stock. Desjardins’ target price would indicate a potential upside of 10.20% from the stock’s current price.

A number of other analysts also recently issued reports on the stock. Barclays lifted their price objective on shares of Canadian National Railway from C$170.00 to C$175.00 in a report on Thursday, April 4th. Veritas Investment Research downgraded shares of Canadian National Railway from a “buy” rating to a “reduce” rating and set a C$168.00 price objective for the company. in a report on Wednesday, January 24th. Royal Bank of Canada lifted their price objective on shares of Canadian National Railway from C$164.00 to C$171.00 in a report on Monday, April 1st. National Bankshares boosted their price target on shares of Canadian National Railway from C$172.00 to C$190.00 in a research note on Thursday, April 4th. Finally, Raymond James boosted their price target on shares of Canadian National Railway from C$175.00 to C$185.00 in a research note on Monday, January 22nd. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Canadian National Railway currently has a consensus rating of “Hold” and an average target price of C$182.71.

Canadian National Railway Stock Down 0.1 %

CNR opened at C$176.95 on Friday. Canadian National Railway has a one year low of C$143.13 and a one year high of C$181.34. The company has a debt-to-equity ratio of 93.89, a current ratio of 0.61 and a quick ratio of 0.58. The firm has a market capitalization of C$113.29 billion, a P/E ratio of 20.72, a price-to-earnings-growth ratio of 2.06 and a beta of 0.66. The company has a fifty day moving average price of C$175.67 and a 200-day moving average price of C$164.00.

Canadian National Railway (TSE:CNR) (NYSE:CNI) last posted its quarterly earnings data on Tuesday, January 23rd. The company reported C$2.02 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of C$1.96 by C$0.06. Canadian National Railway had a net margin of 33.43% and a return on equity of 27.11%. The company had revenue of C$4.47 billion during the quarter, compared to the consensus estimate of C$4.38 billion. Equities research analysts expect that Canadian National Railway will post 8.0824553 earnings per share for the current fiscal year.

Insider Buying and Selling at Canadian National Railway

In other Canadian National Railway news, Senior Officer Derek Michael Taylor sold 2,610 shares of the business’s stock in a transaction dated Monday, February 26th. The shares were sold at an average price of C$131.26, for a total value of C$342,577.38. In related news, Director Shauneen Elizabeth Bruder purchased 488 shares of Canadian National Railway stock in a transaction that occurred on Tuesday, March 26th. The shares were bought at an average price of C$177.40 per share, for a total transaction of C$86,571.20. Also, Senior Officer Derek Michael Taylor sold 2,610 shares of the business’s stock in a transaction dated Monday, February 26th. The shares were sold at an average price of C$131.26, for a total transaction of C$342,577.38. Corporate insiders own 1.67% of the company’s stock.

Canadian National Railway Company Profile

Canadian National Railway Company, together with its subsidiaries, engages in the rail, intermodal, trucking, and marine transportation and logistics business in Canada and the United States. The company provides rail services, which include equipment, custom brokerage services, transloading and distribution, business development and real estate, and private car storage services; and intermodal services, such as temperature controlled cargo, port partnerships, and logistics parks.