Canadian National Railway (TSE:CNR) Hits New 52-Week High – Here’s Why

Canadian National Railway (TSE:CNR) (NYSE:CNI) hit a new 52-week high on Monday . The stock traded as high as C$181.80 and last traded at C$180.36, with a volume of 58232 shares. The stock had previously closed at C$180.94.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on CNR shares. Raymond James Financial lifted their price objective on Canadian National Railway from C$170.00 to C$198.00 and gave the company an “outperform” rating in a research note on Tuesday, July 14th. Sanford C. Bernstein upped their target price on shares of Canadian National Railway from C$163.00 to C$196.00 in a research note on Thursday, July 16th. TD raised their target price on shares of Canadian National Railway from C$171.00 to C$191.00 in a report on Friday, July 10th. Royal Bank Of Canada lifted their price target on shares of Canadian National Railway from C$178.00 to C$195.00 and gave the stock an “outperform” rating in a research note on Wednesday, June 24th. Finally, Scotia boosted their price target on shares of Canadian National Railway from C$160.00 to C$162.00 and gave the stock a “sector outperform” rating in a report on Thursday, April 30th. Three equities research analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating and seven have issued a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of C$170.56.

Canadian National Railway Stock Up 0.8%

The company has a debt-to-equity ratio of 104.96, a quick ratio of 0.57 and a current ratio of 0.67. The firm has a market cap of C$108.86 billion, a price-to-earnings ratio of 23.64, a price-to-earnings-growth ratio of 3.38 and a beta of 1.18. The firm has a 50-day moving average price of C$166.77 and a two-hundred day moving average price of C$152.24.

Canadian National Railway (TSE:CNR) (NYSE:CNI) last announced its quarterly earnings results on Wednesday, April 29th. The company reported C$1.80 earnings per share (EPS) 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%. On average, sell-side analysts forecast that Canadian National Railway will post 8.2610275 earnings per share for the current year.

Insider Buying and Selling at Canadian National Railway

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

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.