Canadian National Railway (TSE:CNR) Hits New 1-Year High – What’s Next?

Canadian National Railway (TSE:CNR) (NYSE:CNI) shares hit a new 52-week high during trading on Tuesday . The stock traded as high as C$159.75 and last traded at C$159.75, with a volume of 415719 shares traded. The stock had previously closed at C$157.79.

Analyst Ratings Changes

CNR has been the subject of several research reports. National Bank Financial raised their price target on shares of Canadian National Railway from C$147.00 to C$164.00 and gave the stock a “sector perform” rating in a report on Wednesday, April 15th. Raymond James Financial raised their price target on shares of Canadian National Railway from C$162.00 to C$170.00 and gave the stock an “outperform” rating in a report on Thursday, April 23rd. Scotiabank raised their price target on shares of Canadian National Railway from C$155.00 to C$160.00 and gave the stock an “outperform” rating in a report on Thursday, April 9th. ATB Cormark Capital Markets raised their price target on shares of Canadian National Railway from C$146.00 to C$150.00 and gave the stock a “sector perform” rating in a report on Friday, April 17th. Finally, Royal Bank Of Canada raised their price target on shares of Canadian National Railway from C$160.00 to C$178.00 and gave the stock an “outperform” rating in a report on Thursday, April 30th. Two investment analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating and six have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of C$158.00.

Canadian National Railway Stock Performance

The company has a market cap of C$99.40 billion, a P/E ratio of 21.59, a price-to-earnings-growth ratio of 3.38 and a beta of 1.15. The company has a quick ratio of 0.58, a current ratio of 0.67 and a debt-to-equity ratio of 104.96. The stock’s 50-day moving average price is C$149.83 and its 200 day moving average price is C$142.57.

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

Insider Buying and Selling

In related news, Director Albert Monaco bought 7,400 shares of the company’s stock in a transaction that occurred on Friday, March 20th. The shares were acquired 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 transaction, the director owned 7,400 shares of the company’s stock, valued at C$1,004,032. The trade was a ∞ increase in their position. Also, Director Justin M. Howell bought 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 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. Over the last quarter, insiders have purchased 8,370 shares of company stock valued at $1,144,954. 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.