Canadian National Railway (TSE:CNR) Price Target Raised to C$182.00

Canadian National Railway (TSE:CNR) (NYSE:CNI) had its price target boosted by JPMorgan Chase & Co. from C$175.00 to C$182.00 in a research report released on Monday,BayStreet.CA reports.

A number of other equities research analysts have also weighed in on the stock. Canadian Imperial Bank of Commerce raised their price target on shares of Canadian National Railway from C$185.00 to C$198.00 in a report on Monday. Desjardins raised their price objective on Canadian National Railway from C$163.00 to C$185.00 and gave the company a “buy” rating in a research note on Thursday, July 9th. Sanford C. Bernstein lifted their price objective on Canadian National Railway from C$163.00 to C$196.00 in a report on Thursday, July 16th. Evercore upgraded Canadian National Railway from a “hold” rating to a “strong-buy” rating in a report on Thursday, June 25th. Finally, National Bank Financial increased their target price on Canadian National Railway from C$164.00 to C$173.00 and gave the company a “sector perform” rating in a research note on Friday, June 26th. Three analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating and eight have issued a Hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of C$183.29.

Canadian National Railway Trading Down 0.2%

Shares of CNR opened at C$182.57 on Monday. Canadian National Railway has a 12 month low of C$126.11 and a 12 month high of C$185.25. The stock’s 50-day moving average is C$170.08 and its two-hundred day moving average is C$154.16. 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 stock has a market cap of C$110.44 billion, a PE ratio of 24.05, a P/E/G ratio of 3.38 and a beta of 1.18.

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

Insider Transactions at Canadian National Railway

In other news, Director Justin M. Howell acquired 350 shares of Canadian National Railway stock in a transaction that occurred on Friday, May 15th. The shares were purchased at an average cost of C$152.74 per share, for a total transaction of C$53,459.00. Following the completion of the purchase, the director directly owned 350 shares of the company’s stock, valued at C$53,459. This trade represents a ∞ increase in their position. 2.64% of the stock is owned by company insiders.

Trending Headlines about Canadian National Railway

Here are the key news stories impacting Canadian National Railway this week:

• Positive Sentiment: Canadian National Railway’s earnings beat has renewed attention on its valuation and may support the case for further gains. The company most recently reported C$2.08 in quarterly EPS and C$4.75 billion in revenue. Canadian National Railway Earnings Beat Puts Valuation Back In Focus
• Positive Sentiment: Multiple firms raised their price targets, including Barclays to C$185, National Bank Financial to C$192, CIBC to C$198, Raymond James to C$200 and Royal Bank of Canada to C$205. These revisions signal expectations for additional appreciation. Barclays Price Target National Bank Financial Price Target CIBC Price Target Raymond James Price Target Royal Bank of Canada Price Target
• Positive Sentiment: Analysts at JPMorgan, BMO, Scotia, ATB Cormark, Desjardins and TD also forecast strong price appreciation, reinforcing the broader bullish analyst view. JPMorgan Forecast BMO Forecast Scotia Forecast ATB Cormark Forecast Desjardins Forecast TD Forecast
• Neutral Sentiment: Wells Fargo raised its target to C$145, a more cautious level than most peers and below the company’s recent trading range, highlighting continued valuation disagreement. Wells Fargo Price Target
• Negative Sentiment: Public-market insider selling at Canadian National Railway could weigh on sentiment, as investors may interpret insider transactions as a signal to lock in gains after the stock’s strong advance. Public Market Insider Selling at Canadian National Railway

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.