Canadian National Railway (TSE:CNR) Price Target Raised to C$145.00 at Wells Fargo & Company

Canadian National Railway (TSE:CNR) (NYSE:CNI) had its target price raised by Wells Fargo & Company from C$135.00 to C$145.00 in a research report report published on Monday morning,BayStreet.CA reports. Wells Fargo & Company currently has an overweight rating on the stock.

Several other research firms have also recently commented on CNR. Barclays boosted their price objective on shares of Canadian National Railway from C$155.00 to C$185.00 and gave the company an “equal weight” rating in a research report on Monday. Canadian Imperial Bank of Commerce lifted their price target on Canadian National Railway from C$185.00 to C$198.00 in a research note on Monday. Susquehanna downgraded Canadian National Railway from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, July 14th. TD boosted their price target on Canadian National Railway from C$191.00 to C$205.00 and gave the company a “buy” rating in a report on Monday. Finally, Citizens Jmp raised Canadian National Railway to a “hold” rating in a research report on Wednesday, July 15th. Three research analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating and eight have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of C$183.29.

Canadian National Railway Stock Performance

Shares of CNR opened at C$182.24 on Monday. The firm 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. Canadian National Railway has a twelve month low of C$126.11 and a twelve month high of C$185.25. The company has a debt-to-equity ratio of 103.26, a quick ratio of 0.57 and a current ratio of 0.87. The firm’s 50 day moving average price is C$169.04 and its two-hundred day moving average price is C$153.50.

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

Insider Activity

In other Canadian National Railway news, Director Justin M. Howell acquired 350 shares of the business’s stock in a transaction dated Friday, May 15th. The shares were acquired at an average price of C$152.74 per share, with a total value of C$53,459.00. Following the completion of the transaction, the director directly owned 350 shares in the company, valued at C$53,459. This trade represents a ∞ increase in their position. 2.64% of the stock is owned by company 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

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.