Canadian National Railway (TSE:CNR) Stock Rating Upgraded by Citizens Jmp

Canadian National Railway (TSE:CNR) (NYSE:CNI) was upgraded by research analysts at Citizens Jmp to a “hold” rating in a research note issued to investors on Wednesday,Zacks.com reports.

CNR has been the subject of several other reports. Raymond James Financial lifted their price target on Canadian National Railway from C$170.00 to C$198.00 and gave the company an “outperform” rating in a report on Tuesday. National Bank Financial increased their price objective on Canadian National Railway from C$164.00 to C$173.00 and gave the stock a “sector perform” rating in a report on Friday, June 26th. Desjardins raised their price objective on shares of Canadian National Railway from C$163.00 to C$185.00 and gave the company a “buy” rating in a research report on Thursday, July 9th. Susquehanna cut shares of Canadian National Railway from a “strong-buy” rating to a “hold” rating in a research note on Tuesday. Finally, TD lifted their target price on shares of Canadian National Railway from C$171.00 to C$191.00 in a research note on Friday, July 10th. Three research analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating and seven have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of C$170.56.

Canadian National Railway Price Performance

Shares of TSE:CNR opened at C$180.16 on Wednesday. The firm has a market cap of C$109.29 billion, a price-to-earnings ratio of 23.74, a P/E/G ratio of 3.38 and a beta of 1.18. Canadian National Railway has a 1 year low of C$126.11 and a 1 year high of C$180.17. The company has a current ratio of 0.67, a quick ratio of 0.57 and a debt-to-equity ratio of 104.96. The business has a fifty day simple moving average of C$165.14 and a 200 day simple moving average of C$151.32.

Canadian National Railway (TSE:CNR) (NYSE:CNI) last issued its earnings results on Wednesday, April 29th. The company reported C$1.80 EPS for the quarter. Canadian National Railway had a return on equity of 21.93% and a net margin of 27.23%.The firm had revenue of C$4.38 billion for the quarter. As a group, sell-side 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 purchased 350 shares of Canadian National Railway stock in a transaction on Friday, May 15th. The stock was 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 transaction, the director directly owned 350 shares of the company’s stock, valued at approximately C$53,459. This represents a ∞ increase in their ownership of the stock. 2.64% of the stock is currently 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.