Canadian National Railway (TSE:CNR) Reaches New 12-Month High – What’s Next?

Canadian National Railway (TSE:CNR) (NYSE:CNI)’s stock price hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as C$158.34 and last traded at C$158.21, with a volume of 285095 shares. The stock had previously closed at C$155.68.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on CNR. UBS Group lowered Canadian National Railway from a “strong-buy” rating to a “hold” rating in a report on Monday, February 2nd. Sanford C. Bernstein raised their target price on Canadian National Railway from C$156.00 to C$163.00 in a report on Tuesday, March 31st. BMO Capital Markets raised their target price on Canadian National Railway from C$158.00 to C$169.00 in a report on Thursday, February 19th. ATB Cormark Capital Markets raised their target price 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. Finally, Scotia raised their target price on Canadian National Railway from C$160.00 to C$162.00 and gave the company a “sector outperform” rating in a report on Thursday, April 30th. Two analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating and six have issued a Hold rating to the company. According to data from MarketBeat, Canadian National Railway currently has an average rating of “Moderate Buy” and an average target price of C$158.00.

Canadian National Railway Stock Up 1.8%

The company has a debt-to-equity ratio of 104.96, a current ratio of 0.67 and a quick ratio of 0.58. The stock has a fifty day moving average price of C$148.01 and a two-hundred day moving average price of C$141.49. The company has a market cap of C$96.12 billion, a P/E ratio of 20.88, a price-to-earnings-growth ratio of 3.38 and a beta of 1.15.

Canadian National Railway (TSE:CNR) (NYSE:CNI) last issued its quarterly earnings results on Wednesday, April 29th. The company reported C$1.80 EPS for the quarter. The company 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, research analysts expect that Canadian National Railway will post 8.2610275 EPS for the current year.

Insider Activity at Canadian National Railway

In other Canadian National Railway news, Director Albert Monaco purchased 7,400 shares of the firm’s stock in a transaction that occurred on Friday, March 20th. The stock was bought at an average cost of C$135.68 per share, with a total value of C$1,004,032.00. Following the completion of the transaction, the director owned 7,400 shares of the company’s stock, valued at C$1,004,032. The trade was a ∞ increase in their position. Also, Director Shauneen Elizabeth Bruder purchased 620 shares of the firm’s stock in a transaction that occurred on Thursday, March 26th. The shares were acquired at an average cost of C$141.07 per share, with a total value of C$87,463.40. Following the completion of the transaction, the director directly owned 19,071 shares of the company’s stock, valued at C$2,690,345.97. The trade was a 3.36% increase in their position. Over the last three months, insiders acquired 8,370 shares of company stock valued at $1,144,954. 2.64% of the stock is owned by insiders.

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.