Canadian National Railway (TSE:CNR) Price Target Raised to C$195.00 at Desjardins

Canadian National Railway (TSE:CNR) (NYSE:CNI) had its price objective upped by investment analysts at Desjardins from C$189.00 to C$195.00 in a note issued to investors on Friday, BayStreet.CA reports. The firm currently has a “buy” rating on the stock. Desjardins’ price objective points to a potential upside of 10.28% from the stock’s current price.

Several other research firms have also recently commented on CNR. BMO Capital Markets lifted their target price on shares of Canadian National Railway from C$185.00 to C$195.00 in a research report on Monday, April 1st. ATB Capital lifted their target price on shares of Canadian National Railway from C$165.00 to C$180.00 and gave the stock a “sector perform” rating in a research report on Wednesday, January 24th. TD Securities lifted their target price on shares of Canadian National Railway from C$180.00 to C$185.00 and gave the stock a “hold” rating in a research report on Wednesday, January 24th. CIBC raised their price target on shares of Canadian National Railway from C$177.00 to C$183.00 and gave the stock a “neutral” rating in a research note on Wednesday, March 27th. Finally, Barclays raised their price target on shares of Canadian National Railway from C$170.00 to C$175.00 in a research note on Thursday, April 4th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of C$182.71.

Canadian National Railway Stock Down 0.2 %

Shares of CNR stock traded down C$0.29 on Friday, reaching C$176.83. 354,156 shares of the company were exchanged, compared to its average volume of 954,003. The company has a market cap of C$113.21 billion, a price-to-earnings ratio of 20.64, a PEG ratio of 2.06 and a beta of 0.66. The company has a 50-day moving average of C$175.54 and a 200-day moving average of C$163.71. The company has a debt-to-equity ratio of 93.89, a current ratio of 0.61 and a quick ratio of 0.58. Canadian National Railway has a one year low of C$143.13 and a one year high of C$181.34.

Canadian National Railway (TSE:CNR) (NYSE:CNI) last announced its quarterly earnings results on Tuesday, January 23rd. The company reported C$2.02 earnings per share for the quarter, beating the consensus estimate of C$1.96 by C$0.06. Canadian National Railway had a net margin of 33.43% and a return on equity of 27.11%. The business had revenue of C$4.47 billion for the quarter, compared to analysts’ expectations of C$4.38 billion. Analysts anticipate that Canadian National Railway will post 8.0824553 earnings per share for the current year.

Insiders Place Their Bets

In other news, Director Shauneen Elizabeth Bruder bought 488 shares of the company’s stock in a transaction dated Tuesday, March 26th. The shares were purchased at an average price of C$177.40 per share, for a total transaction of C$86,571.20. In related news, Senior Officer Derek Michael Taylor sold 2,610 shares of the stock in a transaction that occurred on Monday, February 26th. The shares were sold at an average price of C$131.26, for a total transaction of C$342,577.38. Also, Director Shauneen Elizabeth Bruder acquired 488 shares of the stock in a transaction that occurred on Tuesday, March 26th. The shares were bought at an average price of C$177.40 per share, for a total transaction of C$86,571.20. Corporate insiders own 1.67% of the company’s stock.

Canadian National Railway Company Profile

Canadian National Railway Company, together with its subsidiaries, engages in the rail, intermodal, trucking, and marine transportation and logistics business in Canada and the United States. The company provides rail services, which include equipment, custom brokerage services, transloading and distribution, business development and real estate, and private car storage services; and intermodal services, such as temperature controlled cargo, port partnerships, and logistics parks.