Canadian National Railway (TSE:CNR) Given New C$191.00 Price Target at TD

Canadian National Railway (TSE:CNRFree Report) (NYSE:CNI) had its price objective raised by TD from C$171.00 to C$191.00 in a research note issued to investors on Friday morning,BayStreet.CA reports.

Several other analysts also recently commented on CNR. Desjardins upped 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. National Bank Financial boosted 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 report on Friday, June 26th. Royal Bank Of Canada upped their price target on 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. Stephens raised Canadian National Railway to a “hold” rating in a report on Wednesday. Finally, Evercore upgraded shares of Canadian National Railway from a “hold” rating to a “strong-buy” rating in a research report on Thursday, June 25th. Three equities research analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat, Canadian National Railway presently has a consensus rating of “Moderate Buy” and an average target price of C$164.62.

Get Our Latest Stock Analysis on CNR

Canadian National Railway Stock Performance

TSE:CNR traded up C$0.09 during trading hours on Friday, reaching C$176.19. 645,565 shares of the company’s stock were exchanged, compared to its average volume of 1,728,179. The firm has a market capitalization of C$106.88 billion, a price-to-earnings ratio of 23.21, a P/E/G ratio of 3.38 and a beta of 1.18. The company has a 50-day moving average of C$163.13 and a 200 day moving average of C$150.03. The company has a quick ratio of 0.57, a current ratio of 0.67 and a debt-to-equity ratio of 104.96. Canadian National Railway has a 1-year low of C$126.11 and a 1-year high of C$177.36.

Canadian National Railway (TSE:CNRGet Free Report) (NYSE:CNI) last posted its quarterly earnings data 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. Research analysts anticipate that Canadian National Railway will post 8.2610275 EPS for the current year.

Insider Activity

In related news, Director Justin M. Howell bought 350 shares of Canadian National Railway stock in a transaction that occurred on Friday, May 15th. The shares were purchased at an average price of C$152.74 per share, with a total value of C$53,459.00. Following the purchase, the director owned 350 shares in the company, valued at C$53,459. This represents a ∞ increase in their ownership of the stock. 2.64% of the stock is owned by corporate insiders.

Key Headlines Impacting Canadian National Railway

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

  • Positive Sentiment: TD lifted its target on Canadian National Railway from C$171 to C$191, implying meaningful upside and reinforcing a constructive view on the stock. Article
  • Positive Sentiment: Desjardins raised its target from C$163 to C$185 and reiterated a buy rating, adding to bullish sentiment around CNR. Article
  • Positive Sentiment: JPMorgan Chase & Co. increased its target from C$156 to C$175, signaling stronger near-term expectations even though the new target is slightly below the current share price. Article
  • Neutral Sentiment: ATB Cormark also raised its target, from C$150 to C$166, but kept a sector perform rating, which is supportive but not a strong bullish catalyst. Article
  • Neutral Sentiment: Stephens upgraded Canadian National Railway to hold, reflecting a more balanced outlook rather than a clear call for additional upside. Article

About Canadian National Railway

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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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