Canadian National Railway (TSE:CNR) Price Target Raised to C$145.00

Canadian National Railway (TSE:CNR) (NYSE:CNI) had its price target hoisted by Wells Fargo & Company from C$135.00 to C$145.00 in a report published on Monday morning,BayStreet.CA reports. The firm currently has an overweight rating on the stock.

A number of other equities analysts have also recently issued reports on the company. Desjardins increased their target price on Canadian National Railway from C$163.00 to C$185.00 and gave the stock a “buy” rating in a report on Thursday, July 9th. Scotiabank boosted their price target on Canadian National Railway from C$162.00 to C$194.00 in a report on Thursday, July 16th. Barclays upped their price objective on Canadian National Railway from C$155.00 to C$185.00 and gave the stock an “equal weight” rating in a research report on Monday. Royal Bank Of Canada increased their price objective on Canadian National Railway from C$195.00 to C$205.00 and gave the stock an “outperform” rating in a report on Monday. Finally, BMO Capital Markets lifted their target price on Canadian National Railway from C$180.00 to C$195.00 in a research report on Monday. Three equities research analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating and eight have issued a Hold rating to the company. According to MarketBeat.com, Canadian National Railway has an average rating of “Moderate Buy” and an average target price of C$183.29.

Canadian National Railway Stock Down 0.2%

Shares of CNR stock opened at C$182.57 on Monday. The firm has a fifty day moving average of C$170.08 and a 200-day moving average of C$154.16. The company has a quick ratio of 0.57, a current ratio of 0.87 and a debt-to-equity ratio of 103.26. Canadian National Railway has a 12-month low of C$126.11 and a 12-month high of C$185.25. The company has a market capitalization of C$110.44 billion, a price-to-earnings ratio of 24.05, a P/E/G ratio of 3.38 and a beta of 1.18.

Canadian National Railway (TSE:CNR) (NYSE:CNI) last issued its quarterly earnings data on Friday, July 24th. The company reported C$2.08 EPS for the quarter. The business had revenue of C$4.75 billion for the quarter. Canadian National Railway had a net margin of 26.92% and a return on equity of 22.19%. As a group, equities research analysts predict that Canadian National Railway will post 8.2610275 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Canadian National Railway news, Director Justin M. Howell bought 350 shares of the firm’s stock in a transaction that occurred on Friday, May 15th. The stock was acquired at an average price of C$152.74 per share, with a total value of C$53,459.00. Following the completion of the transaction, the director owned 350 shares in the company, valued at approximately C$53,459. This trade represents a ∞ increase in their ownership of the stock. Insiders own 2.64% of the company’s stock.

Key Stories Impacting Canadian National Railway

Here are the key news stories impacting Canadian National Railway this week:

• Positive Sentiment: Canadian National Railway’s earnings beat has renewed attention on its valuation and may support the case for further gains. The company most recently reported C$2.08 in quarterly EPS and C$4.75 billion in revenue. Canadian National Railway Earnings Beat Puts Valuation Back In Focus
• Positive Sentiment: Multiple firms raised their price targets, including Barclays to C$185, National Bank Financial to C$192, CIBC to C$198, Raymond James to C$200 and Royal Bank of Canada to C$205. These revisions signal expectations for additional appreciation. Barclays Price Target National Bank Financial Price Target CIBC Price Target Raymond James Price Target Royal Bank of Canada Price Target
• Positive Sentiment: Analysts at JPMorgan, BMO, Scotia, ATB Cormark, Desjardins and TD also forecast strong price appreciation, reinforcing the broader bullish analyst view. JPMorgan Forecast BMO Forecast Scotia Forecast ATB Cormark Forecast Desjardins Forecast TD Forecast
• Neutral Sentiment: Wells Fargo raised its target to C$145, a more cautious level than most peers and below the company’s recent trading range, highlighting continued valuation disagreement. Wells Fargo Price Target
• Negative Sentiment: Public-market insider selling at Canadian National Railway could weigh on sentiment, as investors may interpret insider transactions as a signal to lock in gains after the stock’s strong advance. Public Market Insider Selling at Canadian National Railway

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.