Canadian National Railway (TSE:CNR) Hits New 1-Year High on Analyst Upgrade

Canadian National Railway (TSE:CNR) (NYSE:CNI)’s share price hit a new 52-week high during mid-day trading on Wednesday after Desjardins raised their price target on the stock from C$163.00 to C$185.00. Desjardins currently has a buy rating on the stock. Canadian National Railway traded as high as C$174.57 and last traded at C$174.34, with a volume of 1156384 shares traded. The stock had previously closed at C$172.65.

A number of other equities research analysts have also weighed in on the stock. JPMorgan Chase & Co. lifted their target price on shares of Canadian National Railway from C$147.00 to C$153.00 in a research note on Tuesday, April 7th. Raymond James Financial raised their price objective on shares of Canadian National Railway from C$162.00 to C$170.00 and gave the stock an “outperform” rating in a report on Thursday, April 23rd. Evercore upgraded Canadian National Railway from a “hold” rating to a “strong-buy” rating in a report on Thursday, June 25th. Stephens raised Canadian National Railway to a “hold” rating in a research report on Wednesday. Finally, Sanford C. Bernstein raised their target price on Canadian National Railway from C$156.00 to C$163.00 in a research note on Tuesday, March 31st. Three investment analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating and five have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of C$161.00.

Insiders Place Their Bets

In other Canadian National Railway news, Director Justin M. Howell bought 350 shares of the firm’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 completion of the purchase, the director 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. Company insiders own 2.64% of the company’s stock.

Canadian National Railway Stock Up 1.3%

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 stock has a 50 day simple moving average of C$162.56 and a 200-day simple moving average of C$149.85. The firm has a market cap of C$106.82 billion, a PE ratio of 23.20, a PEG ratio of 3.38 and a beta of 1.18.

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

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.