Canadian National Railway (TSE:CNR) Price Target Raised to C$198.00

Canadian National Railway (TSE:CNR) (NYSE:CNI) had its target price upped by Raymond James Financial from C$170.00 to C$198.00 in a research report released on Tuesday morning,BayStreet.CA reports. Raymond James Financial currently has an outperform rating on the stock.

A number of other equities research analysts also recently issued reports on CNR. JPMorgan Chase & Co. increased their price objective on shares of Canadian National Railway from C$156.00 to C$175.00 in a research note on Friday, July 10th. Scotiabank boosted their target price on shares of Canadian National Railway from C$155.00 to C$160.00 and gave the company an “outperform” rating in a research report on Thursday, April 9th. Royal Bank Of Canada upped their price target on shares of Canadian National Railway from C$178.00 to C$195.00 and gave the stock an “outperform” rating in a report on Wednesday, June 24th. Desjardins upped their price target on shares of Canadian National Railway from C$163.00 to C$185.00 and gave the stock a “buy” rating in a report on Thursday, July 9th. Finally, TD increased their price target on shares of Canadian National Railway from C$171.00 to C$191.00 in a research report 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. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of C$170.56.

Canadian National Railway Stock Performance

TSE:CNR opened at C$180.16 on Tuesday. The company has a market cap of C$109.29 billion, a price-to-earnings ratio of 23.74, a PEG ratio of 3.38 and a beta of 1.18. Canadian National Railway has a fifty-two week low of C$126.11 and a fifty-two week high of C$180.17. The company has a debt-to-equity ratio of 104.96, a quick ratio of 0.57 and a current ratio of 0.67. The stock has a fifty day moving average price of C$165.14 and a 200-day moving average price of C$151.32.

Canadian National Railway (TSE:CNR) (NYSE:CNI) last issued its quarterly earnings results on Wednesday, April 29th. The company reported C$1.80 EPS for the quarter. The company had revenue of C$4.38 billion for the quarter. Canadian National Railway had a return on equity of 21.93% and a net margin of 27.23%. As a group, equities analysts anticipate that Canadian National Railway will post 8.2610275 EPS for the current fiscal year.

Insiders Place Their Bets

In other Canadian National Railway news, Director Justin M. Howell bought 350 shares of the firm’s stock in a transaction on Friday, May 15th. The shares were purchased at an average price of C$152.74 per share, for a total transaction of C$53,459.00. Following the completion of the transaction, the director directly owned 350 shares in the company, valued at approximately C$53,459. The trade was a ∞ increase in their position. 2.64% of the stock is owned by company insiders.

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.