Canadian National Railway (TSE:CNR) Price Target Raised to C$185.00

Canadian National Railway (TSE:CNR) (NYSE:CNI) had its target price increased by ATB Cormark Capital Markets from C$166.00 to C$185.00 in a research note released on Monday morning,BayStreet.CA reports. They currently have a sector perform rating on the stock.

Several other research firms have also issued reports on CNR. Desjardins upped 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. JPMorgan Chase & Co. raised their price target on shares of Canadian National Railway from C$175.00 to C$182.00 in a research report on Monday. Scotiabank increased their target price on shares of Canadian National Railway from C$162.00 to C$194.00 in a research report on Thursday, July 16th. Raymond James Financial raised their target price on shares of Canadian National Railway from C$170.00 to C$198.00 and gave the stock an “outperform” rating in a report on Tuesday, July 14th. Finally, National Bank Financial increased their target price on Canadian National Railway from C$164.00 to C$173.00 and gave the stock a “sector perform” rating in a report on Friday, June 26th. Three analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating and eight have given a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of C$183.29.

Canadian National Railway Price Performance

CNR stock opened at C$182.57 on Monday. The company has a current ratio of 0.87, a quick ratio of 0.57 and a debt-to-equity ratio of 103.26. The stock has a market cap of C$110.44 billion, a PE ratio of 24.05, a price-to-earnings-growth ratio of 3.38 and a beta of 1.18. Canadian National Railway has a 1 year low of C$126.11 and a 1 year high of C$185.25. The stock has a 50-day moving average price of C$170.08 and a two-hundred day moving average price of C$154.16.

Canadian National Railway (TSE:CNR) (NYSE:CNI) last released its earnings results on Friday, July 24th. The company reported C$2.08 EPS for the quarter. Canadian National Railway had a return on equity of 22.19% and a net margin of 26.92%.The firm had revenue of C$4.75 billion for the quarter. Equities analysts forecast that Canadian National Railway will post 8.2610275 EPS for the current fiscal year.

Insider Activity

In related news, Director Justin M. Howell purchased 350 shares of the stock in a transaction dated Friday, May 15th. The stock was bought at an average cost of C$152.74 per share, for a total transaction of C$53,459.00. Following the completion of the acquisition, the director owned 350 shares of the company’s stock, valued at approximately C$53,459. This represents a ∞ increase in their ownership of the stock. Company insiders own 2.64% of the company’s stock.

More Canadian National Railway News

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

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.