Canadian National Railway (TSE:CNR) Price Target Raised to C$198.00 at Canadian Imperial Bank of Commerce

Canadian National Railway (TSE:CNR) (NYSE:CNI) had its target price boosted by Canadian Imperial Bank of Commerce from C$185.00 to C$198.00 in a report released on Monday,BayStreet.CA reports.

A number of other analysts also recently commented on CNR. Susquehanna downgraded shares of Canadian National Railway from a “strong-buy” rating to a “hold” rating in a report on Tuesday, July 14th. Royal Bank Of Canada increased their target price on shares of Canadian National Railway from C$178.00 to C$195.00 and gave the company an “outperform” rating in a report on Wednesday, June 24th. TD lifted 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. Scotia boosted their price target on Canadian National Railway from C$160.00 to C$162.00 and gave the stock a “sector outperform” rating in a research note on Thursday, April 30th. Finally, JPMorgan Chase & Co. boosted their price target on Canadian National Railway from C$156.00 to C$175.00 in a research note on Friday, July 10th. Three investment analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating and eight have assigned a Hold rating to the stock. Based on data from MarketBeat, Canadian National Railway has a consensus rating of “Moderate Buy” and an average 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 market capitalization of C$110.24 billion, a P/E ratio of 24.01, a PEG ratio of 3.38 and a beta of 1.18. Canadian National Railway has a one year low of C$126.11 and a one year high of C$185.25. The company’s fifty day moving average is C$169.04 and its two-hundred day moving average is C$153.50. 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 (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 business 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%. Analysts forecast that Canadian National Railway will post 8.2610275 EPS for the current fiscal year.

Insider Activity

In other news, Director Justin M. Howell purchased 350 shares of the business’s stock in a transaction dated Friday, May 15th. The stock was acquired at an average price of C$152.74 per share, with a total value of C$53,459.00. Following the purchase, the director directly owned 350 shares of the company’s stock, valued at C$53,459. This represents a ∞ increase in their position. 2.64% of the stock is owned by company insiders.

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

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.