TD Securities Boosts Canadian National Railway (TSE:CNR) Price Target to C$190.00

Canadian National Railway (TSE:CNR) (NYSE:CNI) had its price objective lifted by TD Securities from C$185.00 to C$190.00 in a research report released on Wednesday morning, BayStreet.CA reports. The brokerage currently has a hold rating on the stock.

A number of other equities research analysts also recently weighed in on CNR. Barclays boosted their price objective on shares of Canadian National Railway from C$170.00 to C$175.00 in a research report on Thursday, April 4th. ATB Capital boosted their target price on shares of Canadian National Railway from C$165.00 to C$180.00 and gave the company a sector perform rating in a research note on Wednesday, January 24th. BMO Capital Markets boosted their target price on shares of Canadian National Railway from C$185.00 to C$195.00 in a research note on Monday, April 1st. Royal Bank of Canada boosted their target price on shares of Canadian National Railway from C$164.00 to C$171.00 in a research note on Monday, April 1st. Finally, JPMorgan Chase & Co. boosted their target price on shares of Canadian National Railway from C$158.00 to C$164.00 and gave the company a neutral rating in a research note on Wednesday, January 24th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, Canadian National Railway has a consensus rating of Hold and a consensus price target of C$184.50.

Canadian National Railway Price Performance

Shares of TSE:CNR opened at C$168.35 on Wednesday. The company has a quick ratio of 0.58, a current ratio of 0.61 and a debt-to-equity ratio of 93.89. Canadian National Railway has a fifty-two week low of C$143.13 and a fifty-two week high of C$181.34. The firm has a 50-day simple moving average of C$176.07 and a 200 day simple moving average of C$165.60. The company has a market cap of C$107.78 billion, a PE ratio of 19.74, a P/E/G ratio of 2.06 and a beta of 0.65.

Canadian National Railway (TSE:CNR) (NYSE:CNI) last announced its quarterly earnings data on Tuesday, January 23rd. The company reported C$2.02 earnings per share for the quarter, beating 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 business had revenue of C$4.47 billion during the quarter, compared to the consensus estimate of C$4.38 billion. On average, sell-side analysts anticipate that Canadian National Railway will post 8.0140399 EPS for the current year.

Insider Transactions at Canadian National Railway

In other news, Senior Officer Derek Michael Taylor sold 2,610 shares of the company’s stock in a transaction that occurred on 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, Senior Officer Derek Michael Taylor sold 2,610 shares of the stock in a transaction that occurred on Monday, February 26th. The shares were sold at an average price of C$131.26, for a total transaction of C$342,577.38. Also, Director Shauneen Elizabeth Bruder bought 6,000 shares of the business’s stock in a transaction that occurred on Thursday, February 1st. The shares were acquired at an average cost of C$168.44 per share, with a total value of C$1,010,640.00. Company insiders own 1.67% of the company’s stock.

About Canadian National Railway

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.