Canadian National Railway (TSE:CNR) Sets New 12-Month High – Should You Buy?

Canadian National Railway (TSE:CNR) (NYSE:CNI) shares hit a new 52-week high on Tuesday . The company traded as high as C$167.59 and last traded at C$165.14, with a volume of 2171723 shares. The stock had previously closed at C$163.25.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on CNR. Scotiabank boosted their price objective 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. BMO Capital Markets lifted their target price on shares of Canadian National Railway from C$158.00 to C$169.00 in a research note on Thursday, February 19th. JPMorgan Chase & Co. lifted their target price on shares of Canadian National Railway from C$147.00 to C$153.00 in a research note on Tuesday, April 7th. Sanford C. Bernstein lifted their target price on shares of Canadian National Railway from C$156.00 to C$163.00 in a research note on Tuesday, March 31st. Finally, National Bank Financial lifted their target price on shares of Canadian National Railway from C$147.00 to C$164.00 and gave the stock a “sector perform” rating in a research note on Wednesday, April 15th. Two investment analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating and six have assigned a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of C$158.00.

Canadian National Railway Trading Up 1.2%

The company has a debt-to-equity ratio of 104.96, a current ratio of 0.67 and a quick ratio of 0.58. The firm’s 50 day moving average is C$151.40 and its 200 day moving average is C$143.22. The company has a market capitalization of C$100.17 billion, a PE ratio of 21.76, a P/E/G ratio of 3.38 and a beta of 1.15.

Canadian National Railway (TSE:CNR) (NYSE:CNI) last issued its 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, equities analysts predict that Canadian National Railway will post 8.2610275 EPS for the current year.

Insider Buying and Selling at Canadian National Railway

In related news, Director Justin M. Howell acquired 350 shares of Canadian National Railway stock in a transaction on Friday, May 15th. The shares were acquired at an average cost of C$152.74 per share, with a total value of C$53,459.00. Following the transaction, the director owned 350 shares in the company, valued at C$53,459. This trade represents a ∞ increase in their ownership of the stock. Also, Director Shauneen Elizabeth Bruder acquired 620 shares of Canadian National Railway stock in a transaction on Thursday, March 26th. The shares were bought at an average cost of C$141.07 per share, for a total transaction of C$87,463.40. Following the completion of the transaction, the director owned 19,071 shares in the company, valued at approximately C$2,690,345.97. This trade represents a 3.36% increase in their position. In the last ninety days, insiders have purchased 8,370 shares of company stock valued at $1,144,954. 2.64% of the stock is currently owned by company 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.