Canadian National Railway (TSE:CNR) Upgraded by Evercore to Strong-Buy Rating

Evercore upgraded shares of Canadian National Railway (TSE:CNR) (NYSE:CNI) from a hold rating to a strong-buy rating in a research note released on Thursday,Zacks.com reports.

CNR has been the subject of a number of other reports. JPMorgan Chase & Co. boosted their price target on Canadian National Railway from C$147.00 to C$153.00 in a report on Tuesday, April 7th. Sanford C. Bernstein raised 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. Desjardins lifted their target price on shares of Canadian National Railway from C$156.00 to C$163.00 and gave the company a “buy” rating in a report on Thursday, April 30th. Royal Bank Of Canada boosted their target price on shares of Canadian National Railway from C$178.00 to C$195.00 and gave the company an “outperform” rating in a research note on Wednesday. Finally, ATB Cormark Capital Markets increased their price target on shares of Canadian National Railway from C$146.00 to C$150.00 and gave the stock a “sector perform” rating in a report on Friday, April 17th. Three investment analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating and five have issued a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of C$159.06.

Canadian National Railway Stock Performance

TSE CNR opened at C$170.79 on Thursday. The stock has a 50-day simple moving average of C$158.74 and a two-hundred day simple moving average of C$147.25. The firm has a market capitalization of C$103.60 billion, a P/E ratio of 22.50, a PEG ratio of 3.38 and a beta of 1.21. Canadian National Railway has a fifty-two week low of C$126.11 and a fifty-two week high of C$171.23. The company has a debt-to-equity ratio of 104.96, a quick ratio of 0.57 and a current ratio of 0.67.

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

Insider Buying and Selling

In other Canadian National Railway news, Director Justin M. Howell acquired 350 shares of the company’s stock in a transaction on Friday, May 15th. The shares were bought at an average cost of C$152.74 per share, with a total value of C$53,459.00. Following the completion of the acquisition, the director owned 350 shares in the company, valued at approximately C$53,459. This trade represents a ∞ increase in their ownership of the stock. Insiders own 2.64% of the company’s stock.

About Canadian National Railway

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.