Canadian National Railway (TSE:CNR) Given New C$195.00 Price Target at BMO Capital Markets

Canadian National Railway (TSE:CNR) (NYSE:CNI) had its price target hoisted by BMO Capital Markets from C$180.00 to C$195.00 in a report released on Monday morning,BayStreet.CA reports.

A number of other brokerages have also recently weighed in on CNR. Susquehanna cut shares of Canadian National Railway from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, July 14th. Royal Bank Of Canada increased their price objective on shares of Canadian National Railway from C$178.00 to C$195.00 and gave the stock an “outperform” rating in a research report on Wednesday, June 24th. National Bank Financial increased their price objective on shares of Canadian National Railway from C$164.00 to C$173.00 and gave the stock a “sector perform” rating in a research report on Friday, June 26th. Evercore raised shares of Canadian National Railway from a “hold” rating to a “strong-buy” rating in a research note on Thursday, June 25th. Finally, Sanford C. Bernstein lifted their target price on shares of Canadian National Railway from C$163.00 to C$196.00 in a report on Thursday, July 16th. Three equities research analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating and eight have given a Hold rating to the company. According to data from MarketBeat, Canadian National Railway currently has a consensus rating of “Moderate Buy” and an average price target of C$183.29.

Canadian National Railway Stock Performance

TSE CNR opened at C$182.24 on Monday. The firm has a market capitalization of C$110.24 billion, a P/E ratio of 24.01, a P/E/G ratio of 3.38 and a beta of 1.18. Canadian National Railway has a 1-year low of C$126.11 and a 1-year high of C$185.25. The company has a debt-to-equity ratio of 103.26, a current ratio of 0.87 and a quick ratio of 0.57. The business’s 50-day simple moving average is C$169.04 and its 200-day simple moving average is C$153.50.

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

Insiders Place Their Bets

In related news, Director Justin M. Howell purchased 350 shares of the firm’s stock in a transaction on Friday, May 15th. The stock was purchased 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 C$53,459. The trade was a ∞ increase in their ownership of the stock. 2.64% of the stock is currently owned by corporate insiders.

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

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.