Analysts Set Canadian National Railway (TSE:CNR) PT at C$170.56

Canadian National Railway (TSE:CNR) (NYSE:CNI) has received an average recommendation of “Moderate Buy” from the nineteen brokerages that are currently covering the company, MarketBeat Ratings reports. Seven research analysts have rated the stock with a hold rating, nine have issued a buy rating and three have given a strong buy rating to the company. The average 12-month price target among brokers that have updated their coverage on the stock in the last year is C$170.56.

A number of equities research analysts recently commented on CNR shares. Sanford C. Bernstein upped their price target on shares of Canadian National Railway from C$163.00 to C$196.00 in a report on Thursday. Scotiabank raised their price target on shares of Canadian National Railway from C$162.00 to C$194.00 in a report on Thursday. JPMorgan Chase & Co. raised 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 boosted 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 research report on Wednesday, June 24th. Finally, Susquehanna downgraded shares of Canadian National Railway from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, July 14th.

Canadian National Railway Price Performance

Shares of Canadian National Railway stock opened at C$180.94 on Friday. The company has a debt-to-equity ratio of 104.96, a current ratio of 0.67 and a quick ratio of 0.57. The business’s 50 day simple moving average is C$165.71 and its two-hundred day simple moving average is C$151.63. The stock 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. Canadian National Railway has a one year low of C$126.11 and a one year high of C$181.52.

Canadian National Railway (TSE:CNR) (NYSE:CNI) last announced 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 return on equity of 21.93% and a net margin of 27.23%.The firm had revenue of C$4.38 billion during the quarter. Analysts forecast that Canadian National Railway will post 8.2610275 EPS for the current year.

Insider Activity

In other Canadian National Railway news, Director Justin M. Howell purchased 350 shares of Canadian National Railway stock in a transaction that occurred on Friday, May 15th. The shares were bought at an average price of C$152.74 per share, for a total transaction of C$53,459.00. Following the acquisition, the director directly owned 350 shares in the company, valued at approximately C$53,459. This trade represents a ∞ increase in their ownership of the stock. 2.64% of the stock is owned by insiders.

Key Stories Impacting Canadian National Railway

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.