Shares of Canadian National Railway (TSE:CNR – Get Free Report) (NYSE:CNI) hit a new 52-week high on Wednesday . The stock traded as high as C$174.57 and last traded at C$174.34, with a volume of 1156384 shares trading hands. The stock had previously closed at C$172.65.
Wall Street Analyst Weigh In
A number of equities analysts recently weighed in on the stock. Evercore upgraded shares of Canadian National Railway from a “hold” rating to a “strong-buy” rating in a research report on Thursday, June 25th. Royal Bank Of Canada upped their price objective on shares of Canadian National Railway from C$178.00 to C$195.00 and gave the stock an “outperform” rating in a research report on Wednesday, June 24th. TD lifted their target price on shares of Canadian National Railway from C$164.00 to C$171.00 and gave the company a “buy” rating in a report on Monday, April 13th. Scotiabank boosted their price target on shares of Canadian National Railway from C$155.00 to C$160.00 and gave the stock an “outperform” rating in a research note on Thursday, April 9th. Finally, Sanford C. Bernstein increased their price target on shares of Canadian National Railway from C$156.00 to C$163.00 in a report on Tuesday, March 31st. Three investment analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of C$159.62.
Get Our Latest Analysis on Canadian National Railway
Canadian National Railway Price Performance
Canadian National Railway (TSE:CNR – Get Free Report) (NYSE:CNI) last issued its earnings results on Wednesday, April 29th. The company reported C$1.80 EPS for the quarter. Canadian National Railway had a net margin of 27.23% and a return on equity of 21.93%. The company had revenue of C$4.38 billion for the quarter. Sell-side analysts anticipate that Canadian National Railway will post 8.2610275 EPS for the current fiscal year.
Insiders Place Their Bets
In related news, Director Justin M. Howell bought 350 shares of the company’s stock in a transaction on Friday, May 15th. The stock was bought at an average cost of C$152.74 per share, with a total value of C$53,459.00. Following the completion of the acquisition, the director owned 350 shares in the company, valued at approximately C$53,459. This represents a ∞ increase in their position. Insiders own 2.64% of the company’s stock.
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.
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