Barclays Issues Positive Forecast for Canadian National Railway (TSE:CNR) Stock Price

Canadian National Railway (TSE:CNR) (NYSE:CNI) had its price objective boosted by Barclays from C$155.00 to C$185.00 in a report published on Monday morning,BayStreet.CA reports. The brokerage currently has an equal weight rating on the stock.

Several other analysts have also commented on CNR. Desjardins increased their price objective on Canadian National Railway from C$163.00 to C$185.00 and gave the company a “buy” rating in a report on Thursday, July 9th. JPMorgan Chase & Co. boosted their target price on Canadian National Railway from C$175.00 to C$182.00 in a research note on Monday. Scotia upped their target price on Canadian National Railway from C$160.00 to C$162.00 and gave the company a “sector outperform” rating in a research report on Thursday, April 30th. National Bank Financial increased their price target on Canadian National Railway from C$164.00 to C$173.00 and gave the company a “sector perform” rating in a research note on Friday, June 26th. Finally, Sanford C. Bernstein increased their price target on Canadian National Railway from C$163.00 to C$196.00 in a research note on Thursday, July 16th. Three analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating and eight have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of C$183.29.

Canadian National Railway Stock Down 0.4%

Shares of Canadian National Railway stock opened at C$182.24 on Monday. The company has a quick ratio of 0.57, a current ratio of 0.87 and a debt-to-equity ratio of 103.26. The company has a market cap of C$110.24 billion, a P/E ratio of 24.01, a PEG ratio of 3.38 and a beta of 1.18. The firm’s 50 day moving average price is C$169.04 and its 200-day moving average price is C$153.50. Canadian National Railway has a 52-week low of C$126.11 and a 52-week high of C$185.25.

Canadian National Railway (TSE:CNR) (NYSE:CNI) last posted its earnings results on Friday, July 24th. The company reported C$2.08 EPS for the quarter. The company had revenue of C$4.75 billion during the quarter. Canadian National Railway had a net margin of 26.92% and a return on equity of 22.19%. On average, sell-side analysts predict that Canadian National Railway will post 8.2610275 EPS for the current fiscal year.

Insider Buying and Selling

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

Key Stories Impacting Canadian National Railway

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

• Positive Sentiment: RBC and TD raised their targets to C$205 from C$195 and C$191, respectively, with both maintaining positive ratings. The new targets imply approximately 12.5% upside. BayStreet.CA analyst ratings
• Positive Sentiment: Raymond James increased its target to C$200 and upgraded its view to “outperform,” while Desjardins raised its target to C$199 and maintained a “buy” rating. Both imply roughly 9% upside. Ticker Report Raymond James rating BayStreet.CA analyst ratings
• Positive Sentiment: Scotia, CIBC, BMO and National Bank also lifted their targets, with new estimates ranging from C$192 to C$199. These revisions indicate improved analyst valuation expectations for CNR. BayStreet.CA analyst ratings
• Neutral Sentiment: Barclays and ATB Cormark raised their targets to C$185 but retained “equal weight” and “sector perform” ratings, respectively. Their targets offer only about 1.5% upside, suggesting limited near-term appreciation. BayStreet.CA analyst ratings
• Negative Sentiment: Wells Fargo increased its target to C$145 and JPMorgan raised its target to C$182, but both targets remain at or below the current trading level. Wells Fargo’s target implies substantial downside, while JPMorgan’s suggests essentially no upside. BayStreet.CA analyst ratings

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.