Canadian National Railway (TSE:CNR) Hits New 52-Week High – Here’s What Happened

Canadian National Railway (TSE:CNR) (NYSE:CNI) shares hit a new 52-week high during trading on Monday . The stock traded as high as C$153.92 and last traded at C$153.61, with a volume of 176487 shares trading hands. The stock had previously closed at C$153.07.

Wall Street Analyst Weigh In

CNR has been the subject of several recent analyst reports. Scotiabank reduced their target price on Canadian National Railway from C$163.00 to C$155.00 and set an “outperform” rating for the company in a report on Monday, February 2nd. Canadian Imperial Bank of Commerce upped their price objective on Canadian National Railway from C$151.00 to C$154.00 in a research note on Thursday, January 8th. National Bank Financial lowered their target price on Canadian National Railway from C$150.00 to C$147.00 and set a “sector perform” rating on the stock in a research note on Monday, February 2nd. TD Securities decreased their price objective on shares of Canadian National Railway from C$166.00 to C$164.00 and set a “buy” rating for the company in a report on Monday, February 2nd. Finally, Berenberg Bank increased their price target on Canadian National Railway from C$148.00 to C$152.00 in a research note on Tuesday, November 11th. Three analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating and seven have issued a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of C$152.00.

Canadian National Railway Price Performance

The company has a quick ratio of 0.58, a current ratio of 0.64 and a debt-to-equity ratio of 107.59. The firm’s 50-day moving average is C$139.62 and its 200-day moving average is C$135.10. The company has a market cap of C$93.86 billion, a PE ratio of 20.28, a PEG ratio of 3.38 and a beta of 0.85.

Canadian National Railway (TSE:CNR) (NYSE:CNI) last posted its quarterly earnings results on Friday, January 30th. The company reported C$2.08 earnings per share (EPS) for the quarter. The firm had revenue of C$4.46 billion during the quarter. Canadian National Railway had a return on equity of 27.10% and a net margin of 31.20%. On average, equities analysts anticipate that Canadian National Railway will post 8.2610275 EPS for the current year.

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.