JPMorgan Chase & Co. Increases Canadian National Railway (TSE:CNR) Price Target to C$153.00

Canadian National Railway (TSE:CNR) (NYSE:CNI) had its target price raised by analysts at JPMorgan Chase & Co. from C$147.00 to C$153.00 in a research note issued to investors on Tuesday,BayStreet.CA reports. JPMorgan Chase & Co.‘s price target points to a potential upside of 3.77% from the stock’s current price.

Other equities analysts also recently issued research reports about the company. Sanford C. Bernstein increased their price objective on Canadian National Railway from C$156.00 to C$163.00 in a report on Tuesday, March 31st. ATB Cormark Capital Markets decreased their price objective on Canadian National Railway from C$153.00 to C$146.00 and set a “sector perform” rating for the company in a report on Monday, February 2nd. TD Securities decreased their price objective on 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. UBS Group downgraded Canadian National Railway from a “strong-buy” rating to a “hold” rating in a report on Monday, February 2nd. Finally, Royal Bank Of Canada raised their price target on Canadian National Railway from C$151.00 to C$160.00 in a report on Thursday, March 26th. 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 company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of C$154.00.

Canadian National Railway Stock Up 0.9%

CNR traded up C$1.29 during trading on Tuesday, reaching C$147.44. The stock had a trading volume of 322,017 shares, compared to its average volume of 1,858,251. The stock’s 50 day moving average is C$143.24 and its two-hundred day moving average is C$137.35. The company has a current ratio of 0.67, a quick ratio of 0.58 and a debt-to-equity ratio of 101.25. The company has a market capitalization of C$90.14 billion, a price-to-earnings ratio of 19.48, a P/E/G ratio of 3.38 and a beta of 1.08. Canadian National Railway has a one year low of C$126.11 and a one year high of C$154.63.

Canadian National Railway (TSE:CNR) (NYSE:CNI) last posted its quarterly earnings data on Friday, January 30th. The company reported C$2.08 earnings per share (EPS) for the quarter. The business had revenue of C$4.46 billion during the quarter. Canadian National Railway had a return on equity of 21.95% and a net margin of 27.28%. As a group, analysts expect that Canadian National Railway will post 8.2610275 earnings per share for the current year.

Insider Buying and Selling at Canadian National Railway

In other Canadian National Railway news, Director Shauneen Elizabeth Bruder acquired 620 shares of the company’s stock in a transaction that occurred on Thursday, March 26th. The shares were bought at an average cost of C$141.07 per share, with a total value of C$87,463.40. Following the completion of the transaction, the director directly owned 19,071 shares of the company’s stock, valued at approximately C$2,690,345.97. This represents a 3.36% increase in their position. Also, Director Albert Monaco acquired 7,400 shares of the company’s stock in a transaction that occurred on Friday, March 20th. The shares were acquired at an average cost of C$135.68 per share, for a total transaction of C$1,004,032.00. Following the completion of the transaction, the director directly owned 7,400 shares of the company’s stock, valued at C$1,004,032. The trade was a ∞ increase in their ownership of the stock. Company 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.