JPMorgan Chase & Co. Issues Positive Forecast for Canadian National Railway (TSE:CNR) Stock Price

Canadian National Railway (TSE:CNR) (NYSE:CNI) had its price objective lifted by JPMorgan Chase & Co. from C$175.00 to C$182.00 in a research report released on Monday morning,BayStreet.CA reports.

Several other equities research analysts have also recently issued reports on the stock. ATB Cormark Capital Markets lifted their price objective on shares of Canadian National Railway from C$150.00 to C$166.00 and gave the stock a “sector perform” rating in a research report on Friday, July 10th. Evercore upgraded shares of Canadian National Railway from a “hold” rating to a “strong-buy” rating in a research note on Thursday, June 25th. BMO Capital Markets increased their target price on Canadian National Railway from C$180.00 to C$195.00 in a report on Monday. TD raised their price target on Canadian National Railway from C$171.00 to C$191.00 in a research note on Friday, July 10th. Finally, Sanford C. Bernstein lifted their price target on Canadian National Railway from C$163.00 to C$196.00 in a report on Thursday, July 16th. Three investment 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 stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of C$183.29.

Canadian National Railway Stock Down 0.4%

Shares of TSE:CNR opened at C$182.24 on Monday. Canadian National Railway has a fifty-two week low of C$126.11 and a fifty-two week high of C$185.25. The firm’s 50 day moving average price is C$169.04 and its 200 day moving average price is C$153.50. 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 stock has a market cap of C$110.24 billion, a price-to-earnings ratio of 24.01, a price-to-earnings-growth ratio of 3.38 and a beta of 1.18.

Canadian National Railway (TSE:CNR) (NYSE:CNI) last posted its quarterly earnings results on Friday, July 24th. The company reported C$2.08 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. As a group, equities research analysts predict that Canadian National Railway will post 8.2610275 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, Director Justin M. Howell acquired 350 shares of the business’s stock in a transaction on Friday, May 15th. The shares were bought at an average price 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. This trade represents a ∞ increase in their ownership of the stock. Insiders own 2.64% of the company’s stock.

Canadian National Railway News Roundup

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.