Canadian National Railway (TSE:CNR) Price Target Increased to C$172.00 by Analysts at Royal Bank of Canada

Canadian National Railway (TSE:CNR) (NYSE:CNI) had its price objective lifted by Royal Bank of Canada from C$171.00 to C$172.00 in a report released on Wednesday, BayStreet.CA reports. They currently have a sector perform rating on the stock.

Other analysts have also issued research reports about the stock. Barclays boosted 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. National Bankshares boosted their price objective on shares of Canadian National Railway from C$172.00 to C$190.00 in a research report on Thursday, April 4th. UBS Group dropped their price target on shares of Canadian National Railway from C$205.00 to C$202.00 in a research report on Wednesday. ATB Capital upped their price target on shares of Canadian National Railway from C$165.00 to C$180.00 and gave the stock a sector perform rating in a research report on Wednesday, January 24th. Finally, Sanford C. Bernstein upped their price target 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 given a hold rating and four have given a buy rating to the company. According to data from MarketBeat, Canadian National Railway presently has a consensus rating of Hold and an average price target of C$184.50.

Canadian National Railway Stock Performance

Shares of CNR stock opened at C$168.35 on Wednesday. The company’s fifty day simple moving average is C$176.07 and its 200-day simple moving average is C$165.60. The company has a quick ratio of 0.58, a current ratio of 0.61 and a debt-to-equity ratio of 93.89. The firm has a market cap of C$107.78 billion, a PE ratio of 19.74, a P/E/G ratio of 2.06 and a beta of 0.65. Canadian National Railway has a 12 month low of C$143.13 and a 12 month high of C$181.34.

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

Insider Activity

In related news, Director Shauneen Elizabeth Bruder acquired 6,000 shares of the company’s stock in a transaction dated Thursday, February 1st. The shares were bought at an average cost of C$168.44 per share, with a total value of C$1,010,640.00. In related news, Senior Officer Derek Michael Taylor sold 2,610 shares of the company’s stock in a transaction dated 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 purchased 6,000 shares of the firm’s stock in a transaction that occurred on Thursday, February 1st. The stock was acquired at an average price of C$168.44 per share, for a total transaction of C$1,010,640.00. 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.