Canadian National Railway (TSE:CNR) Price Target Raised to C$190.00

Canadian National Railway (TSE:CNR) (NYSE:CNI) had its price objective increased by equities research analysts at Raymond James from C$185.00 to C$190.00 in a report issued on Monday, BayStreet.CA reports. The firm presently has an “outperform” rating on the stock. Raymond James’ price target indicates a potential upside of 7.47% from the company’s current price. Raymond James also issued estimates for Canadian National Railway’s Q1 2024 earnings at $1.73 EPS, Q2 2024 earnings at $1.99 EPS and Q4 2024 earnings at $2.25 EPS.

Other research analysts have also issued reports about the stock. TD Securities raised their price target on shares of Canadian National Railway from C$180.00 to C$185.00 and gave the company a “hold” rating in a research report on Wednesday, January 24th. Veritas Investment Research lowered shares of Canadian National Railway from a “buy” rating to a “reduce” rating and set a C$168.00 price objective on the stock. in a research report on Wednesday, January 24th. BMO Capital Markets lifted their price objective on shares of Canadian National Railway from C$185.00 to C$195.00 in a research report on Monday, April 1st. Barclays lifted their price objective on shares of Canadian National Railway from C$170.00 to C$175.00 in a research report on Thursday, April 4th. Finally, Sanford C. Bernstein lifted their price objective on shares of Canadian National Railway from C$191.00 to C$195.00 and gave the stock an “outperform” rating in a research report on Monday, April 15th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of C$183.36.

Canadian National Railway Stock Down 0.2 %

CNR opened at C$176.79 on Monday. The company has a debt-to-equity ratio of 93.89, a current ratio of 0.61 and a quick ratio of 0.58. The company’s 50-day moving average is C$176.20 and its 200 day moving average is C$165.58. Canadian National Railway has a fifty-two week low of C$143.13 and a fifty-two week high of C$181.34. The firm has a market capitalization of C$113.19 billion, a P/E ratio of 20.73, a PEG ratio of 2.06 and a beta of 0.65.

Canadian National Railway (TSE:CNR) (NYSE:CNI) last released its quarterly earnings results on Tuesday, January 23rd. The company reported C$2.02 earnings per share for the quarter, beating analysts’ consensus estimates of C$1.96 by C$0.06. Canadian National Railway had a net margin of 33.43% and a return on equity of 27.11%. The company had revenue of C$4.47 billion for the quarter, compared to analyst estimates of C$4.38 billion. Research analysts expect that Canadian National Railway will post 8.0140399 earnings per share for the current fiscal year.

Insider Transactions at Canadian National Railway

In other Canadian National Railway news, Director Shauneen Elizabeth Bruder acquired 488 shares of the stock in a transaction dated Tuesday, March 26th. The stock was purchased at an average cost of C$177.40 per share, for a total transaction of C$86,571.20. In other news, Senior Officer Derek Michael Taylor sold 2,610 shares of the business’s stock in a transaction that occurred on Monday, February 26th. The shares were sold at an average price of C$131.26, for a total value of C$342,577.38. Also, Director Shauneen Elizabeth Bruder acquired 488 shares of the stock in a transaction dated Tuesday, March 26th. The stock was acquired at an average price of C$177.40 per share, with a total value of C$86,571.20. Corporate insiders own 1.67% of the company’s stock.

Canadian National Railway Company Profile

Canadian National Railway Company, together with its subsidiaries, engages in the rail, intermodal, trucking, and marine transportation and logistics business in Canada and the United States. The company provides rail services, which include equipment, custom brokerage services, transloading and distribution, business development and real estate, and private car storage services; and intermodal services, such as temperature controlled cargo, port partnerships, and logistics parks.