Canadian National Railway (TSE:CNR) Given New C$175.00 Price Target at JPMorgan Chase & Co.

Canadian National Railway (TSE:CNR) (NYSE:CNI) had its price target boosted by JPMorgan Chase & Co. from C$156.00 to C$175.00 in a research note released on Friday,BayStreet.CA reports.

A number of other equities analysts have also commented on the stock. Evercore upgraded shares of Canadian National Railway from a “hold” rating to a “strong-buy” rating in a research report on Thursday, June 25th. Royal Bank Of Canada upped their price objective on Canadian National Railway from C$178.00 to C$195.00 and gave the stock an “outperform” rating in a report on Wednesday, June 24th. ATB Cormark Capital Markets lifted their target price on shares of Canadian National Railway from C$146.00 to C$150.00 and gave the stock a “sector perform” rating in a research report on Friday, April 17th. Stephens upgraded Canadian National Railway to a “hold” rating in a research report on Wednesday. Finally, Sanford C. Bernstein upped their price objective on shares of Canadian National Railway from C$156.00 to C$163.00 in a research note on Tuesday, March 31st. Three research analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of C$164.62.

Canadian National Railway Stock Performance

Shares of TSE CNR traded up C$0.09 during trading on Friday, reaching C$176.19. 645,565 shares of the stock traded hands, compared to its average volume of 1,728,179. The stock has a market capitalization of C$106.88 billion, a P/E ratio of 23.21, a price-to-earnings-growth ratio of 3.38 and a beta of 1.18. Canadian National Railway has a 52-week low of C$126.11 and a 52-week high of C$177.36. 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 company has a 50-day moving average of C$163.13 and a 200-day moving average of C$150.03.

Canadian National Railway (TSE:CNR) (NYSE:CNI) last posted its quarterly earnings results on Wednesday, April 29th. The company reported C$1.80 earnings per share (EPS) for the quarter. The company had revenue of C$4.38 billion for the quarter. Canadian National Railway had a net margin of 27.23% and a return on equity of 21.93%. Analysts forecast that Canadian National Railway will post 8.2610275 EPS for the current fiscal year.

Insider Buying and Selling

In related news, Director Justin M. Howell acquired 350 shares of the company’s stock in a transaction 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 acquisition, the director directly owned 350 shares of the company’s stock, valued at approximately C$53,459. This trade represents a ∞ increase in their ownership of the stock. 2.64% of the stock is currently owned by insiders.

Key Headlines Impacting Canadian National Railway

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

• Positive Sentiment: TD lifted its target on Canadian National Railway from C$171 to C$191, implying meaningful upside and reinforcing a constructive view on the stock. Article
• Positive Sentiment: Desjardins raised its target from C$163 to C$185 and reiterated a buy rating, adding to bullish sentiment around CNR. Article
• Positive Sentiment: JPMorgan Chase & Co. increased its target from C$156 to C$175, signaling stronger near-term expectations even though the new target is slightly below the current share price. Article
• Neutral Sentiment: ATB Cormark also raised its target, from C$150 to C$166, but kept a sector perform rating, which is supportive but not a strong bullish catalyst. Article
• Neutral Sentiment: Stephens upgraded Canadian National Railway to hold, reflecting a more balanced outlook rather than a clear call for additional upside. Article

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.