Canadian National Railway (TSE:CNR) Price Target Raised to C$164.00 at National Bank Financial

Canadian National Railway (TSE:CNR) (NYSE:CNI) had its price objective upped by stock analysts at National Bank Financial from C$147.00 to C$164.00 in a research report issued on Wednesday,BayStreet.CA reports. The brokerage presently has a “sector perform” rating on the stock. National Bank Financial’s price objective suggests a potential upside of 8.23% from the stock’s previous close.

A number of other equities analysts have also weighed in on CNR. ATB Cormark Capital Markets lowered their target price on Canadian National Railway from C$153.00 to C$146.00 and set a “sector perform” rating on the stock in a research report on Monday, February 2nd. TD boosted their price target on shares of Canadian National Railway from C$164.00 to C$171.00 and gave the company a “buy” rating in a research note on Monday. TD Securities dropped their price objective on shares of Canadian National Railway from C$166.00 to C$164.00 and set a “buy” rating on the stock in a research note on Monday, February 2nd. Vertical Research raised shares of Canadian National Railway from a “hold” rating to a “strong-buy” rating in a research note on Monday, January 5th. Finally, Scotiabank boosted their target price on shares of Canadian National Railway from C$155.00 to C$160.00 and gave the stock an “outperform” rating in a research report on Thursday, April 9th. Three analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating and seven have issued a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of C$156.44.

Canadian National Railway Stock Down 1.7%

Shares of CNR traded down C$2.68 during trading hours on Wednesday, hitting C$151.53. The stock had a trading volume of 320,960 shares, compared to its average volume of 1,808,736. Canadian National Railway has a 1-year low of C$126.11 and a 1-year high of C$154.63. The firm has a market capitalization of C$92.65 billion, a P/E ratio of 20.02, a price-to-earnings-growth ratio of 3.38 and a beta of 1.08. The firm has a 50 day simple moving average of C$145.40 and a 200-day simple moving average of C$138.32. The company has a debt-to-equity ratio of 101.25, a current ratio of 0.67 and a quick ratio of 0.58.

Canadian National Railway (TSE:CNR) (NYSE:CNI) last posted its quarterly earnings results on Friday, January 30th. The company reported C$2.08 earnings per share for the quarter. The business had revenue of C$4.46 billion for the quarter. Canadian National Railway had a return on equity of 21.95% and a net margin of 27.28%. Sell-side analysts predict that Canadian National Railway will post 8.2610275 EPS for the current fiscal year.

Insider Buying and Selling at Canadian National Railway

In related news, Director Shauneen Elizabeth Bruder purchased 620 shares of the stock in a transaction that occurred on Thursday, March 26th. The stock was acquired at an average cost of C$141.07 per share, with a total value of C$87,463.40. Following the transaction, the director owned 19,071 shares of the company’s stock, valued at C$2,690,345.97. This represents a 3.36% increase in their position. Also, Director Albert Monaco acquired 7,400 shares of the company’s stock in a transaction on Friday, March 20th. The shares were bought at an average price of C$135.68 per share, for a total transaction of C$1,004,032.00. Following the completion of the purchase, the director owned 7,400 shares in the company, valued at approximately C$1,004,032. 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.