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

Canadian National Railway (TSE:CNR) (NYSE:CNI) had its target price raised by Desjardins from C$185.00 to C$199.00 in a report issued on Monday morning,BayStreet.CA reports. The brokerage currently has a buy rating on the stock.

Several other equities analysts have also recently commented on the company. ATB Cormark Capital Markets upped their price target on Canadian National Railway from C$166.00 to C$185.00 and gave the company a “sector perform” rating in a report on Monday. TD lifted their price objective on Canadian National Railway from C$191.00 to C$205.00 and gave the stock a “buy” rating in a report on Monday. BMO Capital Markets boosted their price objective on Canadian National Railway from C$180.00 to C$195.00 in a research report on Monday. Wells Fargo & Company upped their target price on Canadian National Railway from C$135.00 to C$145.00 and gave the company an “overweight” rating in a research note on Monday. Finally, Barclays raised their target price on Canadian National Railway from C$155.00 to C$185.00 and gave the stock an “equal weight” rating in a research report on Monday. Three equities research analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating and eight have assigned a Hold rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of C$183.29.

Canadian National Railway Stock Performance

TSE:CNR opened at C$182.24 on Monday. The firm’s 50-day moving average is C$169.04 and its 200-day moving average 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. 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 company has a market cap of C$110.24 billion, a price-to-earnings ratio of 24.01, a PEG ratio of 3.38 and a beta of 1.18.

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

Insider Transactions at Canadian National Railway

In related news, Director Justin M. Howell acquired 350 shares of the business’s stock in a transaction on Friday, May 15th. The stock was bought at an average cost of C$152.74 per share, with a total value of C$53,459.00. Following the completion of the acquisition, the director 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 owned by corporate insiders.

Key Canadian National Railway News

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.