Canadian National Railway (TSE:CNR) Upgraded to Hold at Citizens Jmp

Canadian National Railway (TSE:CNR) (NYSE:CNI) was upgraded by equities research analysts at Citizens Jmp to a “hold” rating in a report released on Wednesday,Zacks.com reports.

A number of other equities research analysts also recently commented on the stock. Scotia raised their price objective on shares of Canadian National Railway from C$160.00 to C$162.00 and gave the company a “sector outperform” rating in a research report on Thursday, April 30th. Evercore raised shares of Canadian National Railway from a “hold” rating to a “strong-buy” rating in a research note on Thursday, June 25th. ATB Cormark Capital Markets raised their price target on Canadian National Railway from C$150.00 to C$166.00 and gave the stock a “sector perform” rating in a research report on Friday, July 10th. Desjardins lifted their target price on shares of Canadian National Railway from C$163.00 to C$185.00 and gave the stock a “buy” rating in a research note on Thursday, July 9th. Finally, JPMorgan Chase & Co. upped their price objective on Canadian National Railway from C$156.00 to C$175.00 in a report on Friday, July 10th. Three equities research analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating and seven have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of C$166.38.

Canadian National Railway Price Performance

Shares of CNR opened at C$174.26 on Wednesday. Canadian National Railway has a 1-year low of C$126.11 and a 1-year high of C$178.40. The company has a debt-to-equity ratio of 104.96, a current ratio of 0.67 and a quick ratio of 0.57. The stock has a market cap of C$105.71 billion, a PE ratio of 22.96, a price-to-earnings-growth ratio of 3.38 and a beta of 1.18. The firm has a fifty day moving average price of C$164.57 and a 200 day moving average price of C$151.00.

Canadian National Railway (TSE:CNR) (NYSE:CNI) last released its quarterly earnings results 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 company had revenue of C$4.38 billion for the quarter. As a group, sell-side analysts anticipate that Canadian National Railway will post 8.2610275 EPS for the current year.

Insider Transactions at Canadian National Railway

In other news, Director Justin M. Howell acquired 350 shares of the business’s stock in a transaction on Friday, May 15th. The shares were purchased at an average price of C$152.74 per share, for a total transaction of C$53,459.00. Following the completion of the purchase, the director directly owned 350 shares of the company’s stock, valued at C$53,459. This represents a ∞ increase in their position. 2.64% of the stock is owned by insiders.

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.