Canadian National Railway (TSE:CNR) Given New C$163.00 Price Target at Desjardins

Canadian National Railway (TSE:CNR) (NYSE:CNI) had its target price raised by equities researchers at Desjardins from C$156.00 to C$163.00 in a research report issued on Thursday,BayStreet.CA reports. The brokerage currently has a “buy” rating on the stock. Desjardins’ price target would suggest a potential upside of 6.96% from the stock’s current price.

Several other equities research analysts have also weighed in on the stock. National Bank Financial increased their target price on shares of Canadian National Railway from C$147.00 to C$164.00 and gave the stock a “sector perform” rating in a report on Wednesday, April 15th. TD raised their target price on shares of Canadian National Railway from C$164.00 to C$171.00 and gave the company a “buy” rating in a research report on Monday, April 13th. Vertical Research raised shares of Canadian National Railway from a “hold” rating to a “strong-buy” rating in a research report on Monday, January 5th. JPMorgan Chase & Co. lifted their price objective on shares of Canadian National Railway from C$147.00 to C$153.00 in a research report on Tuesday, April 7th. Finally, Sanford C. Bernstein lifted their price objective on shares of Canadian National Railway from C$156.00 to C$163.00 in a research report on Tuesday, March 31st. Three research analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating and seven have given a Hold rating to the stock. According to data from MarketBeat.com, Canadian National Railway has an average rating of “Moderate Buy” and an average target price of C$158.94.

Canadian National Railway Price Performance

Shares of CNR stock traded up C$4.49 during trading hours on Thursday, reaching C$152.40. 628,975 shares of the company were exchanged, compared to its average volume of 1,724,869. Canadian National Railway has a fifty-two week low of C$126.11 and a fifty-two week high of C$158.25. The stock’s fifty day moving average is C$147.50 and its two-hundred day moving average is C$139.79. The company has a market cap of C$93.18 billion, a price-to-earnings ratio of 20.13, a P/E/G ratio of 3.38 and a beta of 1.08. The company has a debt-to-equity ratio of 101.25, a current ratio of 0.67 and a quick ratio of 0.58.

Canadian National Railway (TSE:CNR) (NYSE:CNI) last announced its 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 27.28% and a return on equity of 21.95%. The company had revenue of C$4.38 billion for the quarter. Sell-side analysts forecast that Canadian National Railway will post 8.2610275 earnings per share for the current fiscal year.

Insider Activity at Canadian National Railway

In related news, Director Albert Monaco purchased 7,400 shares of the firm’s stock in a transaction that occurred on Friday, March 20th. The shares were bought at an average cost of C$135.68 per share, with a total value of C$1,004,032.00. Following the acquisition, the director owned 7,400 shares of the company’s stock, valued at C$1,004,032. This trade represents a ∞ increase in their position. Also, Director Shauneen Elizabeth Bruder purchased 620 shares of the firm’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, for a total transaction of C$87,463.40. Following the completion of the acquisition, the director directly owned 19,071 shares in the company, valued at C$2,690,345.97. The trade was a 3.36% increase in their position. Insiders own 2.64% of the company’s stock.

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.