Canadian Imperial Bank of Commerce Issues Positive Forecast for Canadian National Railway (TSE:CNR) Stock Price

Canadian National Railway (TSE:CNR) (NYSE:CNI) had its price objective upped by Canadian Imperial Bank of Commerce from C$185.00 to C$198.00 in a research report issued on Monday,BayStreet.CA reports. Canadian Imperial Bank of Commerce’s target price would suggest a potential upside of 8.74% from the stock’s current price.

A number of other equities analysts have also recently commented on CNR. Raymond James Financial boosted their price target on shares of Canadian National Railway from C$170.00 to C$198.00 and gave the stock an “outperform” rating in a research note on Tuesday, July 14th. Scotia lifted their target price on shares of Canadian National Railway from C$160.00 to C$162.00 and gave the stock a “sector outperform” rating in a research report on Thursday, April 30th. Evercore raised shares of Canadian National Railway from a “hold” rating to a “strong-buy” rating in a research note on Thursday, June 25th. 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 research report on Thursday, July 9th. Finally, TD raised their price objective on Canadian National Railway from C$171.00 to C$191.00 in a research note on Friday, July 10th. Three investment analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating and eight have assigned a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of C$183.29.

Canadian National Railway Stock Performance

TSE CNR traded down C$0.82 during trading on Monday, hitting C$182.09. 676,090 shares of the company’s stock traded hands, compared to its average volume of 1,685,911. The stock has a market capitalization of C$110.46 billion, a price-to-earnings ratio of 23.99, a PEG ratio of 3.38 and a beta of 1.18. The company has a debt-to-equity ratio of 103.26, a quick ratio of 0.57 and a current ratio of 0.87. The business has a 50 day moving average of C$168.47 and a 200-day moving average of C$153.20. Canadian National Railway has a 12-month low of C$126.11 and a 12-month high of C$185.25.

Canadian National Railway (TSE:CNR) (NYSE:CNI) last issued its earnings results on Friday, July 24th. The company reported C$2.08 earnings per share (EPS) for the quarter. Canadian National Railway had a net margin of 26.92% and a return on equity of 22.19%. The business had revenue of C$4.75 billion for the quarter. As a group, equities research analysts anticipate that Canadian National Railway will post 8.2610275 earnings per share for the current fiscal year.

Insider Buying and Selling at Canadian National Railway

In other Canadian National Railway news, Director Justin M. Howell bought 350 shares of the business’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, with a total value of C$53,459.00. Following the completion of the purchase, the director directly owned 350 shares of the company’s stock, valued at C$53,459. This trade represents a ∞ increase in their ownership of the stock. Corporate insiders own 2.64% of the company’s stock.

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.