Canadian National Railway (TSE:CNR) Price Target Raised to C$166.00 at ATB Cormark Capital Markets

Canadian National Railway (TSE:CNRGet Free Report) (NYSE:CNI) had its target price lifted by research analysts at ATB Cormark Capital Markets from C$150.00 to C$166.00 in a research report issued to clients and investors on Friday,BayStreet.CA reports. The firm currently has a “sector perform” rating on the stock. ATB Cormark Capital Markets’ target price would suggest a potential downside of 5.95% from the company’s current price.

CNR has been the topic of several other research reports. 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 report on Wednesday, June 24th. National Bank Financial lifted their target price on Canadian National Railway from C$164.00 to C$173.00 and gave the stock a “sector perform” rating in a research report on Friday, June 26th. Stephens upgraded Canadian National Railway to a “hold” rating in a research note on Wednesday. Desjardins upped their price target on Canadian National Railway from C$163.00 to C$185.00 and gave the company a “buy” rating in a report on Thursday. Finally, Evercore upgraded Canadian National Railway from a “hold” rating to a “strong-buy” rating in a research report on Thursday, June 25th. Three research analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of C$164.62.

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Canadian National Railway Stock Performance

Shares of CNR stock traded up C$0.40 during trading hours on Friday, reaching C$176.50. 273,002 shares of the company’s stock were exchanged, compared to its average volume of 1,725,188. Canadian National Railway has a fifty-two week low of C$126.11 and a fifty-two week high of C$177.36. The company has a quick ratio of 0.57, a current ratio of 0.67 and a debt-to-equity ratio of 104.96. The stock has a market capitalization of C$107.06 billion, a P/E ratio of 23.25, a P/E/G ratio of 3.38 and a beta of 1.18. The business has a fifty day moving average price of C$162.56 and a 200-day moving average price of C$149.85.

Canadian National Railway (TSE:CNRGet Free Report) (NYSE:CNI) last announced its quarterly earnings data on Wednesday, April 29th. The company reported C$1.80 earnings per share (EPS) for the quarter. The business had revenue of C$4.38 billion for the quarter. Canadian National Railway had a net margin of 27.23% and a return on equity of 21.93%. Analysts predict that Canadian National Railway will post 8.2610275 EPS for the current fiscal year.

Insider Transactions at Canadian National Railway

In related news, Director Justin M. Howell bought 350 shares of the company’s stock in a transaction on Friday, May 15th. The stock was bought at an average cost of C$152.74 per share, with a total value of C$53,459.00. Following the completion of the purchase, the director owned 350 shares in the company, valued at approximately C$53,459. The trade was a ∞ increase in their position. Insiders own 2.64% of the company’s stock.

About Canadian National Railway

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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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Analyst Recommendations for Canadian National Railway (TSE:CNR)

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