Canadian National Railway (TSE:CNR) Reaches New 1-Year High – What’s Next?

Shares of Canadian National Railway (TSE:CNR) (NYSE:CNI) reached a new 52-week high during mid-day trading on Monday . The company traded as high as C$169.90 and last traded at C$168.94, with a volume of 114143 shares trading hands. The stock had previously closed at C$167.94.

Wall Street Analyst Weigh In

A number of research firms have issued reports on CNR. Scotia raised their target price on Canadian National Railway from C$160.00 to C$162.00 and gave the company a “sector outperform” rating in a research note on Thursday, April 30th. Sanford C. Bernstein raised their target price on Canadian National Railway from C$156.00 to C$163.00 in a research note on Tuesday, March 31st. Raymond James Financial raised their target price on Canadian National Railway from C$162.00 to C$170.00 and gave the company an “outperform” rating in a research note on Thursday, April 23rd. ATB Cormark Capital Markets raised their price target on Canadian National Railway from C$146.00 to C$150.00 and gave the company a “sector perform” rating in a report on Friday, April 17th. Finally, National Bank Financial raised their price target on Canadian National Railway from C$147.00 to C$164.00 and gave the company a “sector perform” rating in a report on Wednesday, April 15th. Two research analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating and six have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of C$158.00.

Canadian National Railway Price Performance

The company has a market capitalization of C$102.19 billion, a price-to-earnings ratio of 22.19, a price-to-earnings-growth ratio of 3.38 and a beta of 1.21. The company has a debt-to-equity ratio of 104.96, a current ratio of 0.67 and a quick ratio of 0.58. The business has a fifty day moving average price of C$153.69 and a 200 day moving average price of C$144.11.

Canadian National Railway (TSE:CNR) (NYSE:CNI) last released its earnings results on Wednesday, April 29th. The company reported C$1.80 earnings per share (EPS) for the quarter. The firm had revenue of C$4.38 billion for the quarter. Canadian National Railway had a return on equity of 21.93% and a net margin of 27.23%. On average, research analysts expect that Canadian National Railway will post 8.2610275 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, Director Justin M. Howell bought 350 shares of the stock in a transaction that occurred on Friday, May 15th. The shares were purchased at an average cost of C$152.74 per share, with a total value of C$53,459.00. Following the completion of the acquisition, the director directly owned 350 shares in the company, valued at approximately C$53,459. The trade was a ∞ increase in their ownership of the stock. Also, Director Albert Monaco purchased 7,400 shares of Canadian National Railway stock in a transaction dated Friday, March 20th. The shares were purchased at an average price of C$135.68 per share, with a total value of C$1,004,032.00. Following the completion of the acquisition, the director owned 7,400 shares in the company, valued at C$1,004,032. The trade was a ∞ increase in their ownership of the stock. Insiders have bought a total of 8,370 shares of company stock valued at $1,144,954 over the last three months. Company 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.