Canadian National Railway (TSE:CNR – Get Free Report) (NYSE:CNI) had its target price upped by research analysts at JPMorgan Chase & Co. from C$175.00 to C$182.00 in a research note issued to investors on Monday,BayStreet.CA reports. JPMorgan Chase & Co.‘s target price suggests a potential downside of 0.05% from the stock’s current price.
A number of other analysts have also recently issued reports on the company. Royal Bank Of Canada boosted their target price on Canadian National Railway from C$178.00 to C$195.00 and gave the stock an “outperform” rating in a report on Wednesday, June 24th. Sanford C. Bernstein lifted their price target on shares of Canadian National Railway from C$163.00 to C$196.00 in a research report on Thursday, July 16th. Canadian Imperial Bank of Commerce boosted their price objective on shares of Canadian National Railway from C$185.00 to C$198.00 in a research note on Monday. Raymond James Financial raised their target price on shares of Canadian National Railway from C$170.00 to C$198.00 and gave the company an “outperform” rating in a research note on Tuesday, July 14th. Finally, Susquehanna lowered shares of Canadian National Railway from a “strong-buy” rating to a “hold” rating in a report on Tuesday, July 14th. Three investment analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating and eight have assigned a Hold rating to the company’s stock. According to data from MarketBeat, Canadian National Railway presently has a consensus rating of “Moderate Buy” and an average price target of C$183.29.
Read Our Latest Stock Analysis on CNR
Canadian National Railway Trading Down 0.4%
Canadian National Railway (TSE:CNR – Get Free Report) (NYSE:CNI) last issued its earnings results on Friday, July 24th. The company reported C$2.08 earnings per share for the quarter. The firm had revenue of C$4.75 billion for the quarter. Canadian National Railway had a return on equity of 22.19% and a net margin of 26.92%. On average, research analysts anticipate that Canadian National Railway will post 8.2610275 EPS for the current year.
Insider Buying and Selling at Canadian National Railway
In other news, Director Justin M. Howell purchased 350 shares of the stock in a transaction that occurred on Friday, May 15th. The stock was acquired at an average cost of C$152.74 per share, with a total value of C$53,459.00. Following the acquisition, 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. Company 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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