Canadian National Railway (TSE:CNR – Free Report) (NYSE:CNI) had its target price raised by National Bank Financial from C$173.00 to C$192.00 in a report released on Monday morning,BayStreet.CA reports. They currently have a sector perform rating on the stock.
Several other analysts have also recently issued reports on CNR. Canadian Imperial Bank of Commerce increased their price objective on Canadian National Railway from C$185.00 to C$198.00 in a research note on Monday. TD boosted their target price on Canadian National Railway from C$191.00 to C$205.00 and gave the stock a “buy” rating in a research note on Monday. Scotiabank increased their price target on Canadian National Railway from C$162.00 to C$194.00 in a research report on Thursday, July 16th. Barclays boosted their price objective on Canadian National Railway from C$155.00 to C$185.00 and gave the stock an “equal weight” rating in a research report on Monday. Finally, Stephens upgraded shares of Canadian National Railway to a “hold” rating in a research note on Wednesday, July 8th. Three research analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating and eight have issued a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of C$183.29.
Read Our Latest Research Report on Canadian National Railway
Canadian National Railway Price Performance
Canadian National Railway (TSE:CNR – Get Free Report) (NYSE:CNI) last issued its quarterly earnings results on Friday, July 24th. The company reported C$2.08 EPS for the quarter. The company had revenue of C$4.75 billion during the quarter. Canadian National Railway had a net margin of 26.92% and a return on equity of 22.19%. On average, research analysts forecast that Canadian National Railway will post 8.2610275 earnings per share for the current fiscal year.
Insider Activity
In other Canadian National Railway news, Director Justin M. Howell acquired 350 shares of the stock in a transaction dated 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 transaction, the director owned 350 shares in the company, valued at C$53,459. The trade was a ∞ increase in their position. Corporate insiders own 2.64% of the company’s stock.
Canadian National Railway News Summary
Here are the key news stories impacting Canadian National Railway this week:
- Positive Sentiment: Canadian National Railway’s earnings beat has renewed attention on its valuation and may support the case for further gains. The company most recently reported C$2.08 in quarterly EPS and C$4.75 billion in revenue. Canadian National Railway Earnings Beat Puts Valuation Back In Focus
- Positive Sentiment: Multiple firms raised their price targets, including Barclays to C$185, National Bank Financial to C$192, CIBC to C$198, Raymond James to C$200 and Royal Bank of Canada to C$205. These revisions signal expectations for additional appreciation. Barclays Price Target National Bank Financial Price Target CIBC Price Target Raymond James Price Target Royal Bank of Canada Price Target
- Positive Sentiment: Analysts at JPMorgan, BMO, Scotia, ATB Cormark, Desjardins and TD also forecast strong price appreciation, reinforcing the broader bullish analyst view. JPMorgan Forecast BMO Forecast Scotia Forecast ATB Cormark Forecast Desjardins Forecast TD Forecast
- Neutral Sentiment: Wells Fargo raised its target to C$145, a more cautious level than most peers and below the company’s recent trading range, highlighting continued valuation disagreement. Wells Fargo Price Target
- Negative Sentiment: Public-market insider selling at Canadian National Railway could weigh on sentiment, as investors may interpret insider transactions as a signal to lock in gains after the stock’s strong advance. Public Market Insider Selling at Canadian National Railway
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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