Canadian National Railway (TSE:CNR) Price Target Raised to C$194.00 at Scotiabank

Canadian National Railway (TSE:CNR) (NYSE:CNI) had its price objective upped by research analysts at Scotiabank from C$162.00 to C$194.00 in a report issued on Thursday,BayStreet.CA reports. Scotiabank’s target price would indicate a potential upside of 8.05% from the company’s previous close.

CNR has been the subject of several other research reports. Susquehanna lowered shares of Canadian National Railway from a “strong-buy” rating to a “hold” rating in a report on Tuesday. Sanford C. Bernstein lifted their target price on shares of Canadian National Railway from C$163.00 to C$196.00 in a research note on Thursday. Royal Bank Of Canada boosted their target price on shares of Canadian National Railway from C$178.00 to C$195.00 and gave the company an “outperform” rating in a report on Wednesday, June 24th. Stephens raised shares of Canadian National Railway to a “hold” rating in a research report on Wednesday, July 8th. Finally, Raymond James Financial lifted their price objective on Canadian National Railway from C$170.00 to C$198.00 and gave the stock an “outperform” rating in a research report on Tuesday. Three investment analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating and seven have issued a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of C$170.56.

Canadian National Railway Price Performance

Shares of TSE CNR traded up C$5.28 during trading hours on Thursday, hitting C$179.54. 418,799 shares of the stock were exchanged, compared to its average volume of 1,704,448. The company has a debt-to-equity ratio of 104.96, a quick ratio of 0.57 and a current ratio of 0.67. Canadian National Railway has a 1-year low of C$126.11 and a 1-year high of C$179.63. The company has a market cap of C$108.91 billion, a PE ratio of 23.65, a price-to-earnings-growth ratio of 3.38 and a beta of 1.18. The company’s fifty day simple moving average is C$164.57 and its two-hundred day simple moving average is C$151.00.

Canadian National Railway (TSE:CNR) (NYSE:CNI) last issued its earnings results on Wednesday, April 29th. The company reported C$1.80 earnings per share (EPS) for the quarter. Canadian National Railway had a return on equity of 21.93% and a net margin of 27.23%.The business had revenue of C$4.38 billion during the quarter. On average, sell-side analysts predict that Canadian National Railway will post 8.2610275 EPS for the current year.

Insider Buying and Selling

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 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 directly owned 350 shares of the company’s stock, valued at approximately C$53,459. This represents a ∞ increase in their position. 2.64% of the stock is owned by 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.