Canadian National Railway (TSE:CNR) Sets New 12-Month High – Still a Buy?

Canadian National Railway (TSE:CNR) (NYSE:CNI) shares reached a new 52-week high during mid-day trading on Wednesday . The stock traded as high as C$158.34 and last traded at C$158.21, with a volume of 285095 shares trading hands. The stock had previously closed at C$155.68.

Wall Street Analysts Forecast Growth

Several research firms have commented on CNR. National Bank Financial increased their price target on shares of Canadian National Railway from C$147.00 to C$164.00 and gave the company a “sector perform” rating in a research report on Wednesday, April 15th. JPMorgan Chase & Co. lifted their price objective on shares of Canadian National Railway from C$147.00 to C$153.00 in a research report on Tuesday, April 7th. Scotia boosted their price objective on shares of Canadian National Railway from C$160.00 to C$162.00 and gave the stock a “sector outperform” rating in a research note on Thursday, April 30th. TD raised their target price on shares of Canadian National Railway from C$164.00 to C$171.00 and gave the company a “buy” rating in a research note on Monday, April 13th. Finally, BMO Capital Markets lifted their price target on shares of Canadian National Railway from C$158.00 to C$169.00 in a report on Thursday, February 19th. Two research analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating and six have given a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of C$158.00.

Canadian National Railway Price Performance

The firm has a market cap of C$95.86 billion, a PE ratio of 20.82, a price-to-earnings-growth ratio of 3.38 and a beta of 1.15. The company has a quick ratio of 0.58, a current ratio of 0.67 and a debt-to-equity ratio of 104.96. The stock has a 50 day moving average price of C$148.49 and a two-hundred day moving average price of C$141.84.

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

Insider Transactions at Canadian National Railway

In other news, Director Albert Monaco bought 7,400 shares of Canadian National Railway stock in a transaction that occurred on Friday, March 20th. The stock was bought at an average price of C$135.68 per share, for a total transaction of C$1,004,032.00. Following the purchase, the director directly owned 7,400 shares of the company’s stock, valued at approximately C$1,004,032. The trade was a ∞ increase in their position. Also, Director Justin M. Howell purchased 350 shares of the stock in a transaction on Friday, May 15th. The shares were purchased at an average cost of C$152.74 per share, with a total value of C$53,459.00. Following the transaction, the director owned 350 shares in the company, valued at C$53,459. This trade represents a ∞ increase in their position. Over the last ninety days, insiders purchased 8,370 shares of company stock worth $1,144,954. Company insiders own 2.64% of the company’s stock.

Canadian National Railway Company Profile

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.