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

Canadian National Railway (TSE:CNR) (NYSE:CNI) had its price objective hoisted by TD from C$191.00 to C$205.00 in a research report sent to investors on Monday morning,BayStreet.CA reports. The brokerage currently has a buy rating on the stock.

CNR has been the subject of a number of other research reports. Stephens upgraded shares of Canadian National Railway to a “hold” rating in a report on Wednesday, July 8th. Sanford C. Bernstein boosted their target price on Canadian National Railway from C$163.00 to C$196.00 in a report on Thursday, July 16th. Canadian Imperial Bank of Commerce upped their price target on Canadian National Railway from C$185.00 to C$198.00 in a research report on Monday. National Bank Financial increased their price target on Canadian National Railway from C$164.00 to C$173.00 and gave the company a “sector perform” rating in a report on Friday, June 26th. Finally, Raymond James Financial lifted their price objective on Canadian National Railway from C$170.00 to C$198.00 and gave the stock an “outperform” rating in a research report on Tuesday, July 14th. Three investment analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating and eight have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of C$183.29.

Canadian National Railway Price Performance

Shares of TSE CNR opened at C$182.24 on Monday. The firm has a 50-day simple moving average of C$169.04 and a 200-day simple moving average of 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 capitalization 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 has a 52 week low of C$126.11 and a 52 week high of C$185.25.

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

Insider Transactions at Canadian National Railway

In other news, Director Justin M. Howell acquired 350 shares of the business’s stock in a transaction that occurred on Friday, May 15th. The stock was purchased at an average cost of C$152.74 per share, for a total transaction of C$53,459.00. Following the completion of the transaction, the director owned 350 shares in the company, valued at approximately 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 Summary

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.