Sanford C. Bernstein Issues Positive Forecast for Canadian National Railway (TSE:CNR) Stock Price

Canadian National Railway (TSE:CNR) (NYSE:CNI) had its target price boosted by Sanford C. Bernstein from C$156.00 to C$163.00 in a research report released on Tuesday,BayStreet.CA reports.

CNR has been the subject of several other research reports. ATB Cormark Capital Markets cut their target price on Canadian National Railway from C$153.00 to C$146.00 and set a “sector perform” rating for the company in a research note on Monday, February 2nd. JPMorgan Chase & Co. decreased their price target on Canadian National Railway from C$149.00 to C$147.00 in a research note on Monday, February 2nd. National Bank Financial lowered their price target on Canadian National Railway from C$150.00 to C$147.00 and set a “sector perform” rating for the company in a report on Monday, February 2nd. Desjardins cut their price objective on Canadian National Railway from C$160.00 to C$156.00 and set a “buy” rating for the company in a research report on Monday, February 2nd. Finally, TD Securities reduced their price objective on shares of Canadian National Railway from C$166.00 to C$164.00 and set a “buy” rating on the stock in a report on Monday, February 2nd. Three research analysts have rated the stock with a Strong Buy rating, six have given a Buy rating and seven have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of C$153.60.

Canadian National Railway Stock Performance

TSE:CNR opened at C$143.18 on Tuesday. The company’s 50-day moving average is C$142.63 and its two-hundred day moving average is C$136.95. Canadian National Railway has a 1-year low of C$126.11 and a 1-year high of C$154.63. The company has a debt-to-equity ratio of 101.25, a current ratio of 0.67 and a quick ratio of 0.58. The firm has a market capitalization of C$87.54 billion, a price-to-earnings ratio of 18.91, a PEG ratio of 3.38 and a beta of 1.13.

Canadian National Railway (TSE:CNR) (NYSE:CNI) last released its quarterly earnings results on Friday, January 30th. The company reported C$2.08 EPS for the quarter. Canadian National Railway had a net margin of 27.28% and a return on equity of 21.95%. The firm had revenue of C$4.46 billion for the quarter. Analysts forecast that Canadian National Railway will post 8.2610275 EPS for the current year.

Insider Buying and Selling

In other news, Director Shauneen Elizabeth Bruder purchased 620 shares of the stock in a transaction dated Thursday, March 26th. The stock was acquired at an average cost of C$141.07 per share, for a total transaction of C$87,463.40. Following the completion of the transaction, the director directly owned 19,071 shares in the company, valued at approximately C$2,690,345.97. This represents a 3.36% increase in their position. 2.64% of the stock is owned by company insiders.

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.