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

Canadian National Railway (TSE:CNR) (NYSE:CNI) has been assigned a consensus rating of “Moderate Buy” from the seventeen research firms that are presently covering the firm, Marketbeat.com reports. Six research analysts have rated the stock with a hold rating, nine have given a buy rating and two have issued a strong buy rating on the company. The average 1 year price objective among brokers that have issued a report on the stock in the last year is C$158.00.

CNR has been the subject of several recent analyst reports. ATB Cormark Capital Markets increased their price objective on Canadian National Railway from C$146.00 to C$150.00 and gave the company a “sector perform” rating in a report on Friday, April 17th. Royal Bank Of Canada raised their price objective on Canadian National Railway from C$160.00 to C$178.00 and gave the company an “outperform” rating in a research note on Thursday, April 30th. Scotia raised their price objective on Canadian National Railway from C$160.00 to C$162.00 and gave the company a “sector outperform” rating in a research note on Thursday, April 30th. National Bank Financial raised their price objective on Canadian National Railway from C$147.00 to C$164.00 and gave the company a “sector perform” rating in a research note on Wednesday, April 15th. Finally, Desjardins raised their price objective on Canadian National Railway from C$156.00 to C$163.00 and gave the company a “buy” rating in a research note on Thursday, April 30th.

Insider Activity at Canadian National Railway

In other news, Director Shauneen Elizabeth Bruder purchased 620 shares of the business’s stock in a transaction dated Thursday, March 26th. The shares were purchased at an average cost of C$141.07 per share, with a total value of C$87,463.40. Following the completion of the purchase, the director owned 19,071 shares of the company’s stock, valued at C$2,690,345.97. This trade represents a 3.36% increase in their position. Also, Director Albert Monaco purchased 7,400 shares of the business’s stock in a transaction dated Friday, March 20th. The shares were purchased at an average cost of C$135.68 per share, for a total transaction of C$1,004,032.00. Following the completion of the purchase, the director directly owned 7,400 shares of the company’s stock, valued at approximately C$1,004,032. This represents a ∞ increase in their position. Insiders have acquired 8,370 shares of company stock valued at $1,144,954 over the last ninety days. 2.64% of the stock is owned by corporate insiders.

Canadian National Railway Trading Down 1.1%

TSE:CNR opened at C$165.97 on Thursday. Canadian National Railway has a twelve month low of C$126.11 and a twelve month high of C$169.85. 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 business has a 50 day moving average price of C$152.60 and a two-hundred day moving average price of C$143.65. The company has a market cap of C$100.68 billion, a P/E ratio of 21.87, a price-to-earnings-growth ratio of 3.38 and a beta of 1.15.

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