Canadian National Railway (TSE:CNR – Get Free Report) (NYSE:CNI) reached a new 52-week high during trading on Tuesday . The company traded as high as C$178.40 and last traded at C$177.53, with a volume of 1162572 shares changing hands. The stock had previously closed at C$176.19.
Analyst Ratings Changes
A number of equities analysts have commented on the stock. Scotia lifted their price objective on shares of Canadian National Railway from C$160.00 to C$162.00 and gave the stock a “sector outperform” rating in a research note on Thursday, April 30th. Desjardins increased their price target on shares of Canadian National Railway from C$163.00 to C$185.00 and gave the company a “buy” rating in a report on Thursday, July 9th. Sanford C. Bernstein lifted their price target on Canadian National Railway from C$156.00 to C$163.00 in a research report on Tuesday, March 31st. Evercore raised Canadian National Railway from a “hold” rating to a “strong-buy” rating in a research note on Thursday, June 25th. Finally, JPMorgan Chase & Co. upped their price objective on Canadian National Railway from C$156.00 to C$175.00 in a research report on Friday. Three equities research analysts have rated the stock with a Strong Buy rating, nine have assigned 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 price target of C$164.62.
View Our Latest Stock Report on CNR
Canadian National Railway Stock Up 0.8%
Canadian National Railway (TSE:CNR – Get Free Report) (NYSE:CNI) last issued its quarterly 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. Equities analysts forecast 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 Justin M. Howell purchased 350 shares of Canadian National Railway stock in a transaction dated 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 acquisition, the director owned 350 shares in the company, valued at C$53,459. This represents a ∞ increase in their position. Corporate 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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