Canadian National Railway (TSE:CNR) Given New C$185.00 Price Target at ATB Cormark Capital Markets

Canadian National Railway (TSE:CNR) (NYSE:CNI) had its target price raised by ATB Cormark Capital Markets from C$166.00 to C$185.00 in a research report report published on Monday morning,BayStreet.CA reports. ATB Cormark Capital Markets currently has a sector perform rating on the stock.

A number of other equities analysts have also recently issued reports on CNR. Canadian Imperial Bank of Commerce boosted their price objective on shares of Canadian National Railway from C$185.00 to C$198.00 in a research report on Monday. Scotia increased their target price on shares of Canadian National Railway from C$194.00 to C$199.00 and gave the stock a “sector outperform” rating in a report on Monday. BMO Capital Markets raised their target price on Canadian National Railway from C$180.00 to C$195.00 in a research note on Monday. Scotiabank boosted their price target on Canadian National Railway from C$162.00 to C$194.00 in a report on Thursday, July 16th. Finally, Stephens raised Canadian National Railway to a “hold” rating in a research report on Wednesday, July 8th. Three research analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating and eight have assigned a Hold rating to the company. According to data from MarketBeat, Canadian National Railway presently has an average rating of “Moderate Buy” and a consensus target price of C$183.29.

Canadian National Railway Stock Down 0.4%

Shares of TSE CNR opened at C$182.24 on Monday. The company has a quick ratio of 0.57, a current ratio of 0.87 and a debt-to-equity ratio of 103.26. Canadian National Railway has a 52 week low of C$126.11 and a 52 week high of C$185.25. The firm’s fifty day moving average is C$169.04 and its 200 day moving average is C$153.50. The company has a market cap of C$110.24 billion, a price-to-earnings ratio of 24.01, a PEG ratio of 3.38 and a beta of 1.18.

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

Insider Activity at Canadian National Railway

In other news, Director Justin M. Howell purchased 350 shares of the company’s stock in a transaction that occurred on Friday, May 15th. The shares were bought 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 directly owned 350 shares of the company’s stock, valued at C$53,459. This trade represents a ∞ increase in their position. 2.64% of the stock is currently owned by insiders.

Key Headlines Impacting Canadian National Railway

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.