Canadian National Railway (TSE:CNR) Price Target Raised to C$185.00

Canadian National Railway (TSE:CNR) (NYSE:CNI) had its price target hoisted by research analysts at ATB Cormark Capital Markets from C$166.00 to C$185.00 in a research note issued to investors on Monday,BayStreet.CA reports. The firm presently has a “sector perform” rating on the stock. ATB Cormark Capital Markets’ target price points to a potential upside of 1.60% from the stock’s previous close.

CNR has been the subject of several other research reports. Scotia increased their price target on shares of Canadian National Railway from C$194.00 to C$199.00 and gave the company a “sector outperform” rating in a research report on Monday. Barclays increased their price objective on Canadian National Railway from C$155.00 to C$185.00 and gave the stock an “equal weight” rating in a report on Monday. JPMorgan Chase & Co. raised their price target on shares of Canadian National Railway from C$175.00 to C$182.00 in a report on Monday. Evercore raised Canadian National Railway from a “hold” rating to a “strong-buy” rating in a report on Thursday, June 25th. Finally, Citizens Jmp raised shares of Canadian National Railway to a “hold” rating in a research note on Wednesday, July 15th. Three equities research analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating and eight have given a Hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of C$183.29.

Canadian National Railway Stock Down 0.4%

CNR stock traded down C$0.82 during trading on Monday, reaching C$182.09. The stock had a trading volume of 676,090 shares, compared to its average volume of 1,685,911. The company has a quick ratio of 0.57, a current ratio of 0.87 and a debt-to-equity ratio of 103.26. The company has a market capitalization of C$110.46 billion, a price-to-earnings ratio of 23.99, a P/E/G ratio of 3.38 and a beta of 1.18. Canadian National Railway has a one year low of C$126.11 and a one year high of C$185.25. The company’s 50 day moving average is C$168.47 and its two-hundred day moving average is C$153.20.

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

Insider Transactions at Canadian National Railway

In other Canadian National Railway news, Director Justin M. Howell purchased 350 shares of the firm’s stock in a transaction on Friday, May 15th. The shares were purchased 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 owned 350 shares of the company’s stock, valued at C$53,459. The trade was a ∞ increase in their position. 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.