Canadian National Railway (TSE:CNR) Reaches New 52-Week High – Time to Buy?

Canadian National Railway (TSE:CNR) (NYSE:CNI) hit a new 52-week high on Monday . The stock traded as high as C$152.50 and last traded at C$152.07, with a volume of 189441 shares. The stock had previously closed at C$151.19.

Analyst Ratings Changes

Several equities analysts recently commented on the stock. Berenberg Bank increased their price objective on shares of Canadian National Railway from C$148.00 to C$152.00 in a research report on Tuesday, November 11th. JPMorgan Chase & Co. cut their price target on shares of Canadian National Railway from C$149.00 to C$147.00 in a research note on Monday, February 2nd. Citigroup lifted their price objective on shares of Canadian National Railway from C$119.00 to C$120.00 and gave the stock a “buy” rating in a research note on Monday, November 3rd. Vertical Research raised shares of Canadian National Railway from a “hold” rating to a “strong-buy” rating in a report on Monday, January 5th. Finally, Desjardins lowered their price target on Canadian National Railway from C$160.00 to C$156.00 and set a “buy” rating for the company in a research report on Monday, February 2nd. Three research analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating and seven have given a Hold rating to the company’s stock. According to data from MarketBeat.com, Canadian National Railway has an average rating of “Moderate Buy” and an average price target of C$152.00.

Canadian National Railway Stock Performance

The company has a market capitalization of C$93.23 billion, a PE ratio of 20.14, a PEG ratio of 3.38 and a beta of 0.85. The firm has a 50-day moving average of C$138.70 and a two-hundred day moving average of C$134.64. The company has a quick ratio of 0.58, a current ratio of 0.64 and a debt-to-equity ratio of 107.59.

Canadian National Railway (TSE:CNR) (NYSE:CNI) last issued its quarterly earnings data on Friday, January 30th. The company reported C$2.08 EPS for the quarter. Canadian National Railway had a net margin of 31.20% and a return on equity of 27.10%. The business had revenue of C$4.46 billion for the quarter. Research 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.