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

Canadian National Railway (TSE:CNR) (NYSE:CNI) had its price objective lifted by National Bank Financial from C$173.00 to C$192.00 in a research note issued to investors on Monday,BayStreet.CA reports. They currently have a sector perform rating on the stock.

A number of other brokerages have also weighed in on CNR. Scotia upped their target price on Canadian National Railway from C$194.00 to C$199.00 and gave the stock a “sector outperform” rating in a research report on Monday. TD boosted their price target on shares of Canadian National Railway from C$191.00 to C$205.00 and gave the company a “buy” rating in a research note on Monday. Raymond James Financial boosted their price target on shares of Canadian National Railway from C$170.00 to C$198.00 and gave the company an “outperform” rating in a research note on Tuesday, July 14th. Barclays upped their price objective on shares of Canadian National Railway from C$155.00 to C$185.00 and gave the stock an “equal weight” rating in a report on Monday. Finally, Scotiabank raised their price objective on shares of Canadian National Railway from C$162.00 to C$194.00 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 issued a Hold rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of C$183.29.

Canadian National Railway Stock Down 0.4%

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

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

Insider Activity at Canadian National Railway

In related news, Director Justin M. Howell bought 350 shares of the company’s stock in a transaction dated Friday, May 15th. The shares were bought at an average price of C$152.74 per share, for a total transaction of C$53,459.00. Following the completion of the acquisition, the director directly owned 350 shares of the company’s stock, valued at C$53,459. This trade represents a ∞ increase in their ownership of the stock. 2.64% of the stock is currently owned by company insiders.

More 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

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.