Canadian National Railway (TSE:CNR) Price Target Raised to C$160.00

Canadian National Railway (TSE:CNR) (NYSE:CNI) had its price target lifted by Scotiabank from C$155.00 to C$160.00 in a research note released on Thursday,BayStreet.CA reports. They currently have an outperform rating on the stock.

CNR has been the topic of several other research reports. Canadian Imperial Bank of Commerce boosted their price target on shares of Canadian National Railway from C$151.00 to C$154.00 in a research report on Thursday, January 8th. TD Securities reduced their price target on shares of Canadian National Railway from C$166.00 to C$164.00 and set a “buy” rating on the stock in a research report on Monday, February 2nd. Desjardins set a C$156.00 price target on shares of Canadian National Railway and gave the stock a “buy” rating in a research report on Tuesday, March 31st. BMO Capital Markets lifted their price objective on shares of Canadian National Railway from C$158.00 to C$169.00 in a research note on Thursday, February 19th. Finally, JPMorgan Chase & Co. lifted their price objective on shares of Canadian National Railway from C$147.00 to C$153.00 in a research note on Tuesday, April 7th. Three research 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.com, Canadian National Railway presently has a consensus rating of “Moderate Buy” and an average target price of C$154.33.

Canadian National Railway Trading Up 0.1%

Shares of CNR opened at C$152.26 on Thursday. The company’s fifty day moving average is C$144.50 and its 200 day moving average is C$137.91. Canadian National Railway has a fifty-two week low of C$126.11 and a fifty-two week high of C$154.63. The stock has a market capitalization of C$93.09 billion, a PE ratio of 20.11, a P/E/G ratio of 3.38 and a beta of 1.08. The company has a debt-to-equity ratio of 101.25, a quick ratio of 0.58 and a current ratio of 0.67.

Canadian National Railway (TSE:CNR) (NYSE:CNI) last announced its quarterly 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 company had revenue of C$4.46 billion for the quarter. Sell-side analysts expect that Canadian National Railway will post 8.2610275 earnings per share for the current fiscal year.

Insider Buying and Selling at Canadian National Railway

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

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.