Canadian National Railway (TSE:CNR) Given New C$195.00 Price Target at Royal Bank Of Canada

Canadian National Railway (TSE:CNR) (NYSE:CNI) had its price target lifted by Royal Bank Of Canada from C$178.00 to C$195.00 in a research note issued to investors on Wednesday,BayStreet.CA reports. The brokerage currently has an “outperform” rating on the stock. Royal Bank Of Canada’s price target suggests a potential upside of 17.82% from the stock’s current price.

Several other analysts have also recently weighed in on CNR. Raymond James Financial lifted their price objective on shares of Canadian National Railway from C$162.00 to C$170.00 and gave the stock an “outperform” rating in a research note on Thursday, April 23rd. JPMorgan Chase & Co. lifted their price target on shares of Canadian National Railway from C$147.00 to C$153.00 in a research report on Tuesday, April 7th. Scotiabank boosted their price target on Canadian National Railway from C$155.00 to C$160.00 and gave the company an “outperform” rating in a research note on Thursday, April 9th. Desjardins increased their price target on Canadian National Railway from C$156.00 to C$163.00 and gave the stock a “buy” rating in a research report on Thursday, April 30th. Finally, National Bank Financial raised their price objective on Canadian National Railway from C$147.00 to C$164.00 and gave the stock a “sector perform” rating in a research note 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. According to data from MarketBeat, Canadian National Railway currently has a consensus rating of “Moderate Buy” and an average target price of C$159.06.

Canadian National Railway Stock Performance

Shares of TSE CNR traded up C$2.24 during trading hours on Wednesday, reaching C$165.51. 673,804 shares of the stock were exchanged, compared to its average volume of 1,766,058. The firm has a market capitalization of C$100.40 billion, a price-to-earnings ratio of 21.81, a P/E/G ratio of 3.38 and a beta of 1.21. The stock’s fifty day simple moving average is C$158.16 and its 200 day simple moving average is C$146.81. The company has a debt-to-equity ratio of 104.96, a quick ratio of 0.57 and a current ratio of 0.67. Canadian National Railway has a 52 week low of C$126.11 and a 52 week high of C$169.90.

Canadian National Railway (TSE:CNR) (NYSE:CNI) last issued its quarterly earnings data on Wednesday, April 29th. The company reported C$1.80 EPS for the quarter. Canadian National Railway had a return on equity of 21.93% and a net margin of 27.23%.The firm had revenue of C$4.38 billion for the quarter. Sell-side analysts predict that Canadian National Railway will post 8.2610275 EPS for the current year.

Insider Activity at Canadian National Railway

In other news, Director Justin M. Howell acquired 350 shares of the stock in a transaction on Friday, May 15th. The stock was acquired at an average cost of C$152.74 per share, for a total transaction of C$53,459.00. Following the completion of the transaction, the director directly owned 350 shares in the company, valued at approximately C$53,459. This trade represents a ∞ increase in their ownership of the stock. Also, Director Shauneen Elizabeth Bruder bought 620 shares of the business’s stock in a transaction on Thursday, March 26th. The shares were acquired at an average price of C$141.07 per share, with a total value of C$87,463.40. Following the completion of the purchase, the director directly owned 19,071 shares of the company’s stock, valued at approximately C$2,690,345.97. The trade was a 3.36% increase in their ownership of the stock. 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.