Canadian National Railway (TSE:CNR) Rating Increased to Hold at Citizens Jmp

Citizens Jmp upgraded shares of Canadian National Railway (TSE:CNR) (NYSE:CNI) to a hold rating in a report issued on Wednesday morning,Zacks.com reports.

Several other research analysts also recently commented on the company. ATB Cormark Capital Markets boosted their target price on Canadian National Railway from C$150.00 to C$166.00 and gave the stock a “sector perform” rating in a report on Friday, July 10th. Royal Bank Of Canada boosted their price objective on Canadian National Railway from C$178.00 to C$195.00 and gave the stock an “outperform” rating in a research note on Wednesday, June 24th. Raymond James Financial lifted their price target on Canadian National Railway from C$170.00 to C$198.00 and gave the company an “outperform” rating in a report on Tuesday. National Bank Financial increased their price objective on shares of Canadian National Railway from C$164.00 to C$173.00 and gave the stock a “sector perform” rating in a report on Friday, June 26th. Finally, Scotiabank boosted their target price on shares of Canadian National Railway from C$155.00 to C$160.00 and gave the stock an “outperform” rating in a research note on Thursday, April 9th. Three equities research analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating and seven have given a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of C$166.38.

Canadian National Railway Stock Down 0.8%

CNR stock opened at C$174.26 on Wednesday. Canadian National Railway has a twelve month low of C$126.11 and a twelve month high of C$178.40. The company has a quick ratio of 0.57, a current ratio of 0.67 and a debt-to-equity ratio of 104.96. The company has a market cap of C$105.71 billion, a PE ratio of 22.96, a price-to-earnings-growth ratio of 3.38 and a beta of 1.18. The business’s 50-day simple moving average is C$164.57 and its 200 day simple moving average is C$151.00.

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

Insider Buying and Selling

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