Canadian National Railway (TSE:CNR) Price Target Raised to C$199.00

Canadian National Railway (TSE:CNR) (NYSE:CNI) had its price objective raised by Scotia from C$194.00 to C$199.00 in a report published on Monday morning,BayStreet.CA reports. Scotia currently has a sector outperform rating on the stock.

CNR has been the topic of a number of other reports. Sanford C. Bernstein boosted their price target on shares of Canadian National Railway from C$163.00 to C$196.00 in a research report on Thursday, July 16th. Evercore raised shares of Canadian National Railway from a “hold” rating to a “strong-buy” rating in a research note on Thursday, June 25th. JPMorgan Chase & Co. increased their price target on shares of Canadian National Railway from C$175.00 to C$182.00 in a research report on Monday. Stephens upgraded Canadian National Railway to a “hold” rating in a research note on Wednesday, July 8th. Finally, BMO Capital Markets increased their price objective on Canadian National Railway from C$180.00 to C$195.00 in a research note on Monday. Three 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 MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of C$183.29.

Canadian National Railway Trading Down 0.2%

Shares of TSE:CNR opened at C$182.57 on Monday. 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 business has a 50-day moving average price of C$170.08 and a 200-day moving average price of C$154.16. Canadian National Railway has a 52-week low of C$126.11 and a 52-week high of C$185.25. The stock has a market cap of C$110.44 billion, a price-to-earnings ratio of 24.05, a PEG ratio of 3.38 and a beta of 1.18.

Canadian National Railway (TSE:CNR) (NYSE:CNI) last announced its quarterly earnings results on Friday, July 24th. The company reported C$2.08 earnings per share (EPS) for the quarter. Canadian National Railway had a return on equity of 22.19% and a net margin of 26.92%.The company had revenue of C$4.75 billion during the quarter. Equities analysts predict 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 acquired 350 shares of the company’s stock in a transaction dated 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 purchase, the director directly owned 350 shares in the company, valued at approximately C$53,459. This trade represents a ∞ increase in their position. Insiders own 2.64% of the company’s stock.

Key Stories Impacting Canadian National Railway

Here are the key news stories impacting Canadian National Railway this week:

• Positive Sentiment: Canadian National Railway’s earnings beat has renewed attention on its valuation and may support the case for further gains. The company most recently reported C$2.08 in quarterly EPS and C$4.75 billion in revenue. Canadian National Railway Earnings Beat Puts Valuation Back In Focus
• Positive Sentiment: Multiple firms raised their price targets, including Barclays to C$185, National Bank Financial to C$192, CIBC to C$198, Raymond James to C$200 and Royal Bank of Canada to C$205. These revisions signal expectations for additional appreciation. Barclays Price Target National Bank Financial Price Target CIBC Price Target Raymond James Price Target Royal Bank of Canada Price Target
• Positive Sentiment: Analysts at JPMorgan, BMO, Scotia, ATB Cormark, Desjardins and TD also forecast strong price appreciation, reinforcing the broader bullish analyst view. JPMorgan Forecast BMO Forecast Scotia Forecast ATB Cormark Forecast Desjardins Forecast TD Forecast
• Neutral Sentiment: Wells Fargo raised its target to C$145, a more cautious level than most peers and below the company’s recent trading range, highlighting continued valuation disagreement. Wells Fargo Price Target
• Negative Sentiment: Public-market insider selling at Canadian National Railway could weigh on sentiment, as investors may interpret insider transactions as a signal to lock in gains after the stock’s strong advance. Public Market Insider Selling at Canadian National Railway

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.