ATB Cormark Capital Markets Forecasts Strong Price Appreciation for Canadian National Railway (TSE:CNR) Stock

Canadian National Railway (TSE:CNR) (NYSE:CNI) had its price target boosted by ATB Cormark Capital Markets from C$146.00 to C$150.00 in a report released on Friday,BayStreet.CA reports. The firm presently has a “sector perform” rating on the stock. ATB Cormark Capital Markets’ price objective points to a potential downside of 0.77% from the stock’s previous close.

A number of other equities analysts have also recently commented on CNR. Vertical Research raised shares of Canadian National Railway from a “hold” rating to a “strong-buy” rating in a report on Monday, January 5th. TD lifted their target price on shares of Canadian National Railway from C$164.00 to C$171.00 and gave the company a “buy” rating in a report on Monday, April 13th. Desjardins set a C$156.00 price objective on shares of Canadian National Railway and gave the company a “buy” rating in a research report on Tuesday, March 31st. TD Securities lowered their price objective 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. Finally, BMO Capital Markets lifted their price objective on shares of Canadian National Railway from C$158.00 to C$169.00 in a research report on Thursday, February 19th. Three investment analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating and seven have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of C$156.69.

Canadian National Railway Stock Performance

Shares of Canadian National Railway stock opened at C$151.16 on Friday. The firm’s fifty day simple moving average is C$146.21 and its 200-day simple moving average is C$138.68. The stock has a market capitalization of C$92.42 billion, a price-to-earnings ratio of 19.97, a PEG ratio of 3.38 and a beta of 1.08. Canadian National Railway has a 12 month low of C$126.11 and a 12 month high of C$154.63. 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 (TSE:CNR) (NYSE:CNI) last announced its earnings results on Friday, January 30th. The company reported C$2.08 EPS for the quarter. The business had revenue of C$4.46 billion for the quarter. Canadian National Railway had a net margin of 27.28% and a return on equity of 21.95%. As a group, equities analysts forecast that Canadian National Railway will post 8.2610275 earnings per share for the current year.

Insider Buying and Selling at Canadian National Railway

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