Canadian National Railway (TSE:CNR) Price Target Raised to C$163.00

Canadian National Railway (TSE:CNR) (NYSE:CNI) had its price target upped by Sanford C. Bernstein from C$156.00 to C$163.00 in a report released on Tuesday,BayStreet.CA reports.

Several other analysts have also commented on CNR. National Bank Financial decreased their price objective on Canadian National Railway from C$150.00 to C$147.00 and set a “sector perform” rating for the company in a report on Monday, February 2nd. Scotiabank dropped their target price on Canadian National Railway from C$163.00 to C$155.00 and set an “outperform” rating on the stock in a research note on Monday, February 2nd. JPMorgan Chase & Co. reduced their target price on Canadian National Railway from C$149.00 to C$147.00 in a research 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, BMO Capital Markets boosted their price target on Canadian National Railway from C$158.00 to C$169.00 in a research note on Thursday, February 19th. Three equities research analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating and seven have given a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of C$153.60.

Canadian National Railway Trading Up 1.1%

TSE:CNR opened at C$144.93 on Tuesday. Canadian National Railway has a one year low of C$126.11 and a one year high of C$154.63. The company has a debt-to-equity ratio of 101.25, a quick ratio of 0.58 and a current ratio of 0.67. The firm has a market cap of C$88.61 billion, a P/E ratio of 19.15, a P/E/G ratio of 3.38 and a beta of 1.13. The firm has a 50-day simple moving average of C$142.89 and a 200-day simple moving average of C$137.05.

Canadian National Railway (TSE:CNR) (NYSE:CNI) last released its quarterly earnings data 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 for the quarter. Canadian National Railway had a net margin of 27.28% and a return on equity of 21.95%. Equities analysts anticipate that Canadian National Railway will post 8.2610275 EPS for the current fiscal year.

Insider Activity

In other news, Director Shauneen Elizabeth Bruder purchased 620 shares of the stock in a transaction that occurred on Thursday, March 26th. The shares were purchased at an average cost of C$141.07 per share, with a total value of C$87,463.40. Following the completion of the acquisition, the director 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. 2.64% of the stock is currently owned by corporate insiders.

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.