Canadian National Railway (TSE:CNR) Given a C$156.00 Price Target by Desjardins Analysts

Desjardins set a C$156.00 price objective on Canadian National Railway (TSE:CNR) (NYSE:CNI) in a research note issued to investors on Tuesday morning,BayStreet.CA reports. The firm currently has a buy rating on the stock.

Other equities analysts have also issued reports about the stock. Scotiabank lowered their target price on shares of Canadian National Railway from C$163.00 to C$155.00 and set an “outperform” rating on the stock in a research report on Monday, February 2nd. JPMorgan Chase & Co. decreased their price target on shares of Canadian National Railway from C$149.00 to C$147.00 in a research note on Monday, February 2nd. UBS Group downgraded shares of Canadian National Railway from a “strong-buy” rating to a “hold” rating in a research report on Monday, February 2nd. ATB Cormark Capital Markets dropped their price objective on shares of Canadian National Railway from C$153.00 to C$146.00 and set a “sector perform” rating on the stock in a research note on Monday, February 2nd. Finally, TD Securities reduced their target price on shares of Canadian National Railway from C$166.00 to C$164.00 and set a “buy” rating for the company in a report on Monday, February 2nd. Three analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating and seven have assigned a Hold rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of C$153.60.

Canadian National Railway Stock Up 1.4%

Shares of TSE CNR opened at C$143.18 on Tuesday. The stock has a market cap of C$87.54 billion, a PE ratio of 18.91, a price-to-earnings-growth ratio of 3.38 and a beta of 1.13. The company has a quick ratio of 0.58, a current ratio of 0.67 and a debt-to-equity ratio of 101.25. Canadian National Railway has a 52-week low of C$126.11 and a 52-week high of C$154.63. The business has a 50-day moving average price of C$142.63 and a 200 day moving average price of C$136.95.

Canadian National Railway (TSE:CNR) (NYSE:CNI) last released its quarterly earnings results on Friday, January 30th. The company reported C$2.08 EPS for the quarter. Canadian National Railway had a return on equity of 21.95% and a net margin of 27.28%.The company had revenue of C$4.46 billion for the quarter. Equities research analysts forecast that Canadian National Railway will post 8.2610275 earnings per share for the current year.

Insider Activity at Canadian National Railway

In related news, Director Shauneen Elizabeth Bruder purchased 620 shares of the firm’s stock in a transaction that occurred on Thursday, March 26th. The stock was purchased at an average cost of C$141.07 per share, with a total value of C$87,463.40. Following the completion of the acquisition, the director directly owned 19,071 shares in the company, valued at C$2,690,345.97. This trade represents a 3.36% increase in their ownership of the stock. 2.64% of the stock is owned by company insiders.

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.