Canadian National Railway (TSE:CNR) Sets New 1-Year High – Still a Buy?

Shares of Canadian National Railway (TSE:CNR) (NYSE:CNI) reached a new 52-week high during mid-day trading on Monday . The stock traded as high as C$169.90 and last traded at C$168.94, with a volume of 114143 shares trading hands. The stock had previously closed at C$167.94.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the company. Raymond James Financial boosted their price objective on Canadian National Railway from C$162.00 to C$170.00 and gave the company an “outperform” rating in a report on Thursday, April 23rd. Scotia boosted their price objective on Canadian National Railway from C$160.00 to C$162.00 and gave the company a “sector outperform” rating in a report on Thursday, April 30th. BMO Capital Markets boosted their price objective on Canadian National Railway from C$158.00 to C$169.00 in a report on Thursday, February 19th. Royal Bank Of Canada boosted their price objective on Canadian National Railway from C$160.00 to C$178.00 and gave the company an “outperform” rating in a report on Thursday, April 30th. Finally, Sanford C. Bernstein upped their price target on Canadian National Railway from C$156.00 to C$163.00 in a report on Tuesday, March 31st. Two investment analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating and six have issued a Hold rating to the company’s stock. According to MarketBeat, Canadian National Railway presently has an average rating of “Moderate Buy” and an average price target of C$158.00.

Canadian National Railway Trading Down 0.5%

The stock has a market capitalization of C$101.83 billion, a price-to-earnings ratio of 22.12, a PEG ratio of 3.38 and a beta of 1.21. The company has a debt-to-equity ratio of 104.96, a quick ratio of 0.58 and a current ratio of 0.67. The business has a 50-day moving average of C$154.79 and a 200-day moving average of C$144.63.

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

Insider Activity at Canadian National Railway

In other news, Director Justin M. Howell bought 350 shares of the firm’s stock in a transaction that occurred on Friday, May 15th. The stock was purchased at an average cost of C$152.74 per share, with a total value of C$53,459.00. Following the transaction, the director directly 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 bought 620 shares of the firm’s stock in a transaction that occurred on Thursday, March 26th. The stock was purchased at an average cost of C$141.07 per share, with a total value 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 ownership of the stock. Insiders bought a total of 8,370 shares of company stock valued at $1,144,954 in the last three months. 2.64% of the stock is currently 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.