Canadian National Railway (TSE:CNR) Price Target Raised to C$205.00 at Royal Bank Of Canada

Canadian National Railway (TSE:CNRGet Free Report) (NYSE:CNI) had its target price raised by equities research analysts at Royal Bank Of Canada from C$195.00 to C$205.00 in a report released on Monday,BayStreet.CA reports. The firm presently has an “outperform” rating on the stock. Royal Bank Of Canada’s price target points to a potential upside of 12.58% from the stock’s current price.

Other research analysts have also recently issued reports about the company. ATB Cormark Capital Markets boosted their target price on Canadian National Railway from C$166.00 to C$185.00 and gave the stock a “sector perform” rating in a research note on Monday. BMO Capital Markets lifted their price objective on Canadian National Railway from C$180.00 to C$195.00 in a research note on Monday. Evercore raised Canadian National Railway from a “hold” rating to a “strong-buy” rating in a research report on Thursday, June 25th. Citizens Jmp upgraded shares of Canadian National Railway to a “hold” rating in a research note on Wednesday, July 15th. Finally, National Bank Financial raised their target price on shares of 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. Three investment analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating and eight have given a Hold rating to the stock. Based on data from MarketBeat.com, Canadian National Railway currently has an average rating of “Moderate Buy” and a consensus target price of C$183.29.

Read Our Latest Research Report on Canadian National Railway

Canadian National Railway Stock Down 0.4%

Canadian National Railway stock traded down C$0.82 during mid-day trading on Monday, reaching C$182.09. 676,090 shares of the company’s stock were exchanged, compared to its average volume of 1,685,911. The company has a market cap of C$110.46 billion, a P/E ratio of 23.99, a P/E/G ratio of 3.38 and a beta of 1.18. Canadian National Railway has a twelve month low of C$126.11 and a twelve month high of C$185.25. The company has a quick ratio of 0.57, a current ratio of 0.87 and a debt-to-equity ratio of 103.26. The company has a fifty day moving average of C$168.47 and a 200-day moving average of C$153.20.

Canadian National Railway (TSE:CNRGet Free Report) (NYSE:CNI) last posted its quarterly earnings results on Friday, July 24th. The company reported C$2.08 EPS for the quarter. Canadian National Railway had a net margin of 26.92% and a return on equity of 22.19%. The business had revenue of C$4.75 billion during the quarter. Sell-side analysts expect that Canadian National Railway will post 8.2610275 EPS for the current year.

Insider Activity at Canadian National Railway

In related news, Director Justin M. Howell purchased 350 shares of the business’s stock in a transaction that occurred on 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 purchase, the director directly owned 350 shares of the company’s stock, valued at C$53,459. The trade was a ∞ increase in their ownership of the stock. 2.64% of the stock is owned by company insiders.

About Canadian National Railway

(Get Free Report)

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.

Further Reading

Analyst Recommendations for Canadian National Railway (TSE:CNR)

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