Canadian National Railway (TSE:CNR) Given New C$153.00 Price Target at JPMorgan Chase & Co.

Canadian National Railway (TSE:CNR) (NYSE:CNI) had its price target raised by JPMorgan Chase & Co. from C$147.00 to C$153.00 in a research note released on Tuesday morning,BayStreet.CA reports.

CNR has been the topic of a number of other reports. UBS Group lowered shares of Canadian National Railway from a “strong-buy” rating to a “hold” rating in a report on Monday, February 2nd. Vertical Research upgraded Canadian National Railway from a “hold” rating to a “strong-buy” rating in a report on Monday, January 5th. Canadian Imperial Bank of Commerce increased their price objective on Canadian National Railway from C$151.00 to C$154.00 in a report on Thursday, January 8th. National Bank Financial decreased their price objective on Canadian National Railway from C$150.00 to C$147.00 and set a “sector perform” rating for the company in a report on Monday, February 2nd. Finally, BMO Capital Markets increased their price objective on Canadian National Railway from C$158.00 to C$169.00 in a report on Thursday, February 19th. Three analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating and seven have given a Hold rating to the stock. Based on data from MarketBeat.com, Canadian National Railway presently has a consensus rating of “Moderate Buy” and a consensus price target of C$154.00.

Canadian National Railway Stock Up 0.7%

Shares of TSE CNR opened at C$147.24 on Tuesday. The company has a 50 day simple moving average of C$143.45 and a 200 day simple moving average of C$137.48. The company has a debt-to-equity ratio of 101.25, a current ratio of 0.67 and a quick ratio of 0.58. Canadian National Railway has a 1 year low of C$126.11 and a 1 year high of C$154.63. The firm has a market cap of C$90.02 billion, a PE ratio of 19.45, a price-to-earnings-growth ratio of 3.38 and a beta of 1.08.

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

Insider Transactions at Canadian National Railway

In other Canadian National Railway news, Director Albert Monaco purchased 7,400 shares of the firm’s stock in a transaction on Friday, March 20th. The stock was purchased at an average cost of C$135.68 per share, for a total transaction of C$1,004,032.00. Following the acquisition, the director owned 7,400 shares in the company, valued at approximately C$1,004,032. The trade was a ∞ increase in their position. Also, Director Shauneen Elizabeth Bruder acquired 620 shares of Canadian National Railway stock in a transaction dated Thursday, March 26th. The shares were bought at an average cost of C$141.07 per share, with a total value of C$87,463.40. Following the transaction, the director owned 19,071 shares in the company, valued at approximately C$2,690,345.97. This trade represents a 3.36% increase in their ownership of the stock. Company insiders own 2.64% of the company’s stock.

About Canadian National Railway

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.