TD Issues Positive Forecast for Canadian National Railway (TSE:CNR) Stock Price

Canadian National Railway (TSE:CNR) (NYSE:CNI) had its price objective raised by investment analysts at TD from C$171.00 to C$191.00 in a research note issued on Friday,BayStreet.CA reports. TD’s price objective would indicate a potential upside of 8.22% from the stock’s previous close.

Several other research firms have also commented on CNR. Desjardins upped their price target on shares of Canadian National Railway from C$163.00 to C$185.00 and gave the company a “buy” rating in a report on Thursday. National Bank Financial boosted their price objective on Canadian National Railway from C$164.00 to C$173.00 and gave the company a “sector perform” rating in a report on Friday, June 26th. JPMorgan Chase & Co. upped their target price on Canadian National Railway from C$156.00 to C$175.00 in a research note on Friday. Royal Bank Of Canada raised their target price on Canadian National Railway from C$178.00 to C$195.00 and gave the stock an “outperform” rating in a report on Wednesday, June 24th. Finally, Evercore upgraded Canadian National Railway from a “hold” rating to a “strong-buy” rating in a research report on Thursday, June 25th. Three analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating and five have issued a Hold rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of C$164.62.

Canadian National Railway Stock Performance

TSE CNR traded up C$0.40 on Friday, hitting C$176.50. 273,002 shares of the company’s stock traded hands, compared to its average volume of 1,725,188. The company has a current ratio of 0.67, a quick ratio of 0.57 and a debt-to-equity ratio of 104.96. Canadian National Railway has a 1-year low of C$126.11 and a 1-year high of C$177.36. The firm’s 50-day moving average price is C$162.56 and its two-hundred day moving average price is C$149.85. The firm has a market capitalization of C$107.06 billion, a PE ratio of 23.25, a P/E/G ratio of 3.38 and a beta of 1.18.

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

Insider Activity at Canadian National Railway

In other Canadian National Railway news, Director Justin M. Howell purchased 350 shares of the business’s stock in a transaction that occurred on Friday, May 15th. The stock was purchased at an average price of C$152.74 per share, for a total transaction of C$53,459.00. Following the purchase, the director directly owned 350 shares in the company, valued at approximately C$53,459. This trade represents a ∞ increase in their ownership of the stock. 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.