Canadian National Railway (TSE:CNR) Stock Price Expected to Rise, Sanford C. Bernstein Analyst Says

Canadian National Railway (TSE:CNR) (NYSE:CNI) had its price target increased by equities researchers at Sanford C. Bernstein from C$163.00 to C$196.00 in a report issued on Thursday,BayStreet.CA reports. Sanford C. Bernstein’s target price suggests a potential upside of 8.32% from the company’s previous close.

A number of other research analysts have also recently commented on CNR. JPMorgan Chase & Co. upped their price target on shares of Canadian National Railway from C$156.00 to C$175.00 in a report on Friday, July 10th. Royal Bank Of Canada lifted their price objective on shares of Canadian National Railway from C$178.00 to C$195.00 and gave the company an “outperform” rating in a report on Wednesday, June 24th. TD boosted their price objective on shares of Canadian National Railway from C$171.00 to C$191.00 in a research report on Friday, July 10th. Raymond James Financial upped their target price on shares of Canadian National Railway from C$170.00 to C$198.00 and gave the stock an “outperform” rating in a research note on Tuesday. Finally, Susquehanna lowered shares of Canadian National Railway from a “strong-buy” rating to a “hold” rating in a research report on Tuesday. Three research analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating and seven have assigned a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of C$170.56.

Canadian National Railway Price Performance

CNR opened at C$180.94 on Thursday. The business has a fifty day moving average of C$165.71 and a 200 day moving average of C$151.53. Canadian National Railway has a 52-week low of C$126.11 and a 52-week high of C$181.52. The company has a quick ratio of 0.57, a current ratio of 0.67 and a debt-to-equity ratio of 104.96. The stock has a market cap of C$109.76 billion, a P/E ratio of 23.84, a PEG ratio of 3.38 and a beta of 1.18.

Canadian National Railway (TSE:CNR) (NYSE:CNI) last announced its quarterly earnings data on Wednesday, April 29th. The company reported C$1.80 EPS for the quarter. Canadian National Railway had a return on equity of 21.93% and a net margin of 27.23%.The company had revenue of C$4.38 billion for the quarter. As a group, sell-side analysts anticipate that Canadian National Railway will post 8.2610275 EPS for the current year.

Insider Activity

In other news, Director Justin M. Howell purchased 350 shares of the business’s stock in a transaction dated Friday, May 15th. The shares were purchased at an average price of C$152.74 per share, for a total transaction of C$53,459.00. Following the completion of the purchase, the director owned 350 shares in the company, valued at approximately C$53,459. This represents a ∞ increase in their position. Insiders own 2.64% of the company’s stock.

Key Canadian National Railway News

Here are the key news stories impacting Canadian National Railway this week:

• Positive Sentiment: Scotiabank raised its price target on Canadian National Railway to C$194.00 from C$162.00, signaling confidence in the company’s earnings potential and leaving room for further upside. Canadian National Railway (TSE:CNR) Given New C$194.00 Price Target at Scotiabank
• Positive Sentiment: Sanford C. Bernstein also lifted its target to C$196.00 from C$163.00, reinforcing the bullish view that CNR can continue to perform well. Sanford C. Bernstein Issues Positive Forecast for Canadian National Railway (TSE:CNR) Stock Price
• Neutral Sentiment: Citizens JMP upgraded the stock to “hold,” which supports a more constructive outlook but is less enthusiastic than the recent price-target hikes. Canadian National Railway upgrade by Citizens JMP
• Negative Sentiment: Canadian National Railway suspended operations and evacuated workers in an area affected by wildfire near Armstrong, Ontario, highlighting a near-term operational risk that could weigh on results if disruptions persist. CN Railway evacuates workers, suspends operations in area hit by wildfire

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.