Raymond James Financial Increases Canadian National Railway (TSE:CNR) Price Target to C$170.00

Canadian National Railway (TSE:CNR) (NYSE:CNI) had its price target hoisted by investment analysts at Raymond James Financial from C$162.00 to C$170.00 in a research note issued on Thursday,BayStreet.CA reports. The brokerage presently has an “outperform” rating on the stock. Raymond James Financial’s target price would suggest a potential upside of 8.48% from the company’s previous close.

CNR has been the topic of a number of other reports. Royal Bank Of Canada lifted their price objective on shares of Canadian National Railway from C$151.00 to C$160.00 in a report on Thursday, March 26th. ATB Cormark Capital Markets lifted their price objective on shares of Canadian National Railway from C$146.00 to C$150.00 and gave the company a “sector perform” rating in a report on Friday, April 17th. UBS Group downgraded shares of Canadian National Railway from a “strong-buy” rating to a “hold” rating in a report on Monday, February 2nd. Canadian Imperial Bank of Commerce lifted their price objective on shares of Canadian National Railway from C$151.00 to C$154.00 in a report on Thursday, January 8th. Finally, 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 report on Monday, February 2nd. Three investment analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating and seven have assigned a Hold rating to the company. According to data from MarketBeat, Canadian National Railway currently has a consensus rating of “Moderate Buy” and a consensus price target of C$157.19.

Canadian National Railway Price Performance

TSE CNR opened at C$156.71 on Thursday. 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 12-month low of C$126.11 and a 12-month high of C$157.49. The company has a market capitalization of C$95.81 billion, a PE ratio of 20.70, a price-to-earnings-growth ratio of 3.38 and a beta of 1.08. The firm’s 50 day moving average is C$147.10 and its 200-day moving average is C$139.33.

Canadian National Railway (TSE:CNR) (NYSE:CNI) last posted its quarterly earnings data on Friday, January 30th. The company reported C$2.08 earnings per share (EPS) 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. Equities research analysts anticipate that Canadian National Railway will post 8.2610275 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, Director Shauneen Elizabeth Bruder acquired 620 shares of Canadian National Railway stock in a transaction 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 transaction, 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 position. Also, Director Albert Monaco acquired 7,400 shares of Canadian National Railway stock in a transaction on Friday, March 20th. The shares were bought 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 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. 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.