Canadian National Railway (TSE:CNR) Stock Price Expected to Rise, Scotiabank Analyst Says

Canadian National Railway (TSE:CNR) (NYSE:CNI) had its target price raised by investment analysts at Scotiabank from C$162.00 to C$194.00 in a report issued on Thursday,BayStreet.CA reports. Scotiabank’s price objective indicates a potential upside of 7.22% from the stock’s previous close.

Several other equities research analysts have also commented on the stock. TD upped their price target on shares of Canadian National Railway from C$171.00 to C$191.00 in a report on Friday, July 10th. ATB Cormark Capital Markets lifted their price objective on Canadian National Railway from C$150.00 to C$166.00 and gave the company a “sector perform” rating in a research note on Friday, July 10th. National Bank Financial boosted their price objective on Canadian National Railway from C$164.00 to C$173.00 and gave the company a “sector perform” rating in a report on Friday, June 26th. Sanford C. Bernstein upped their target price on Canadian National Railway from C$163.00 to C$196.00 in a research note on Thursday. Finally, JPMorgan Chase & Co. upped their target price on Canadian National Railway from C$156.00 to C$175.00 in a research note on Friday, July 10th. Three research analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating and seven have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Canadian National Railway has an average rating of “Moderate Buy” and a consensus target price of C$170.56.

Canadian National Railway Stock Up 0.4%

CNR stock opened at C$180.94 on Thursday. The firm’s fifty day simple moving average is C$165.71 and its 200-day simple moving average is C$151.53. The company has a market capitalization of C$109.76 billion, a P/E ratio of 23.84, a price-to-earnings-growth ratio of 3.38 and a beta of 1.18. The company has a debt-to-equity ratio of 104.96, a current ratio of 0.67 and a quick ratio of 0.57. Canadian National Railway has a 12 month low of C$126.11 and a 12 month high of C$181.52.

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

Insider Activity

In other news, Director Justin M. Howell bought 350 shares of the firm’s stock in a transaction that occurred on Friday, May 15th. The stock was purchased at an average cost of C$152.74 per share, for a total transaction of C$53,459.00. Following the purchase, the director directly owned 350 shares in the company, valued at approximately C$53,459. This trade represents a ∞ increase in their position. 2.64% of the stock is currently owned by corporate insiders.

Canadian National Railway News Summary

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

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.