Canadian National Railway (TSE:CNR – Free Report) (NYSE:CNI) had its target price increased by Sanford C. Bernstein from C$163.00 to C$196.00 in a research note issued to investors on Thursday morning,BayStreet.CA reports.
Several other equities research analysts have also commented on the stock. Royal Bank Of Canada boosted 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 note on Wednesday, June 24th. Citizens Jmp upgraded Canadian National Railway to a “hold” rating in a report on Wednesday. National Bank Financial raised their target price on shares of Canadian National Railway from C$164.00 to C$173.00 and gave the stock a “sector perform” rating in a report on Friday, June 26th. Susquehanna downgraded Canadian National Railway from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, July 14th. Finally, ATB Cormark Capital Markets boosted their price objective on Canadian National Railway from C$150.00 to C$166.00 and gave the company a “sector perform” rating in a research note on Friday, July 10th. Three investment analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating and seven have assigned a Hold rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of C$170.56.
Read Our Latest Stock Report on Canadian National Railway
Canadian National Railway Stock Performance
Canadian National Railway (TSE:CNR – Get Free Report) (NYSE:CNI) last posted 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 firm had revenue of C$4.38 billion during the quarter. As a group, sell-side analysts forecast that Canadian National Railway will post 8.2610275 earnings per share for the current year.
Insider Activity at Canadian National Railway
In other news, Director Justin M. Howell purchased 350 shares of the company’s stock in a transaction that occurred on Friday, May 15th. The stock was purchased at an average cost 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 approximately C$53,459. This trade represents a ∞ increase in their ownership of the stock. Corporate insiders own 2.64% of the company’s stock.
More Canadian National Railway News
Here are the key news stories impacting Canadian National Railway this week:
- Positive Sentiment: Scotiabank raised its price target on Canadian National Railway to C$194.00 from C$162.00, signaling confidence in the company’s earnings potential and leaving room for further upside. Canadian National Railway (TSE:CNR) Given New C$194.00 Price Target at Scotiabank
- Positive Sentiment: Sanford C. Bernstein also lifted its target to C$196.00 from C$163.00, reinforcing the bullish view that CNR can continue to perform well. Sanford C. Bernstein Issues Positive Forecast for Canadian National Railway (TSE:CNR) Stock Price
- Neutral Sentiment: Citizens JMP upgraded the stock to “hold,” which supports a more constructive outlook but is less enthusiastic than the recent price-target hikes. Canadian National Railway upgrade by Citizens JMP
- Negative Sentiment: Canadian National Railway suspended operations and evacuated workers in an area affected by wildfire near Armstrong, Ontario, highlighting a near-term operational risk that could weigh on results if disruptions persist. CN Railway evacuates workers, suspends operations in area hit by wildfire
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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