Raymond James Financial Issues Positive Forecast for Canadian National Railway (TSE:CNR) Stock Price

Canadian National Railway (TSE:CNR) (NYSE:CNI) had its price objective boosted by Raymond James Financial from C$162.00 to C$170.00 in a research note published on Thursday morning,BayStreet.CA reports. They currently have an outperform rating on the stock.

A number of other research firms have also recently commented on CNR. UBS Group cut Canadian National Railway from a “strong-buy” rating to a “hold” rating in a research report on Monday, February 2nd. Desjardins set a C$156.00 price target on Canadian National Railway and gave the stock a “buy” rating in a research report on Tuesday, March 31st. Royal Bank Of Canada boosted their price target on Canadian National Railway from C$151.00 to C$160.00 in a research report on Thursday, March 26th. TD boosted their price target on Canadian National Railway from C$164.00 to C$171.00 and gave the stock a “buy” rating in a research report on Monday, April 13th. Finally, Sanford C. Bernstein boosted their price target on Canadian National Railway from C$156.00 to C$163.00 in a research report on Tuesday, March 31st. Three analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating and seven have assigned a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of C$157.19.

Canadian National Railway Stock Up 4.4%

Canadian National Railway stock opened at C$156.23 on Thursday. The stock has a market capitalization of C$95.52 billion, a PE ratio of 20.64, a price-to-earnings-growth ratio of 3.38 and a beta of 1.08. Canadian National Railway has a 12 month low of C$126.11 and a 12 month high of C$156.23. The business has a 50 day simple moving average of C$146.90 and a 200-day simple moving average of C$139.18. The company has a debt-to-equity ratio of 101.25, a current ratio of 0.67 and a quick ratio of 0.58.

Canadian National Railway (TSE:CNR) (NYSE:CNI) last posted its quarterly earnings data on Friday, January 30th. The company reported C$2.08 EPS for the quarter. The business had revenue of C$4.46 billion during the quarter. Canadian National Railway had a return on equity of 21.95% and a net margin of 27.28%. On average, analysts anticipate that Canadian National Railway will post 8.2610275 EPS for the current fiscal year.

Insider Activity at Canadian National Railway

In related news, Director Shauneen Elizabeth Bruder bought 620 shares of the company’s stock in a transaction on Thursday, March 26th. The stock was bought at an average cost of C$141.07 per share, for a total transaction of C$87,463.40. Following the acquisition, the director directly owned 19,071 shares in the company, valued at C$2,690,345.97. This represents a 3.36% increase in their ownership of the stock. Also, Director Albert Monaco bought 7,400 shares of the company’s stock in a transaction on Friday, March 20th. The stock was bought at an average price of C$135.68 per share, with a total value of C$1,004,032.00. Following the completion of the acquisition, the director owned 7,400 shares in the company, valued at C$1,004,032. This represents a ∞ increase in their ownership of the stock. 2.64% of the stock is currently owned by 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.