Canadian National Railway (TSE:CNR) Receives Consensus Rating of “Moderate Buy” from Brokerages

Shares of Canadian National Railway (TSE:CNR) (NYSE:CNI) have earned an average rating of “Moderate Buy” from the twenty analysts that are currently covering the firm, MarketBeat reports. Eight analysts have rated the stock with a hold recommendation, nine have given a buy recommendation and three have issued a strong buy recommendation on the company. The average 1 year price target among brokerages that have covered the stock in the last year is C$183.29.

Several equities research analysts recently weighed in on CNR shares. BMO Capital Markets upped their target price on shares of Canadian National Railway from C$180.00 to C$195.00 in a research note on Monday, July 27th. ATB Cormark Capital Markets raised their price target on shares of Canadian National Railway from C$166.00 to C$185.00 and gave the company a “sector perform” rating in a research report on Monday, July 27th. Scotiabank boosted their price target on shares of Canadian National Railway from C$162.00 to C$194.00 in a research note on Thursday, July 16th. Canadian Imperial Bank of Commerce upped their price objective on Canadian National Railway from C$185.00 to C$198.00 in a research report on Monday, July 27th. Finally, Barclays increased their price objective on Canadian National Railway from C$155.00 to C$185.00 and gave the company an “equal weight” rating in a research note on Monday, July 27th.

Insiders Place Their Bets

In related news, Director Justin M. Howell purchased 350 shares of the business’s stock in a transaction on Friday, May 15th. The shares were bought at an average price of C$152.74 per share, for a total transaction of C$53,459.00. Following the acquisition, the director directly owned 350 shares in the company, valued at C$53,459. This trade represents a ∞ increase in their ownership of the stock. 2.64% of the stock is currently owned by company insiders.

Canadian National Railway Stock Performance

Shares of Canadian National Railway stock opened at C$174.34 on Tuesday. The stock has a market capitalization of C$105.46 billion, a price-to-earnings ratio of 22.38, a price-to-earnings-growth ratio of 3.38 and a beta of 1.19. The company has a debt-to-equity ratio of 103.26, a current ratio of 0.87 and a quick ratio of 0.57. The business has a 50-day moving average of C$172.65 and a 200 day moving average of C$156.44. Canadian National Railway has a 12 month low of C$126.11 and a 12 month high of C$185.25.

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

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.