Canadian National Railway (TSE:CNR) Given New C$173.00 Price Target at National Bank Financial

Canadian National Railway (TSE:CNR) (NYSE:CNI) had its target price increased by National Bank Financial from C$164.00 to C$173.00 in a research report issued on Friday,BayStreet.CA reports. The firm currently has a “sector perform” rating on the stock. National Bank Financial’s price objective points to a potential upside of 1.32% from the company’s current price.

Several other research analysts have also recently weighed in on the company. Scotia lifted their price target on Canadian National Railway from C$160.00 to C$162.00 and gave the company a “sector outperform” rating in a research report on Thursday, April 30th. TD upped their price target on Canadian National Railway from C$164.00 to C$171.00 and gave the stock a “buy” rating in a report on Monday, April 13th. Sanford C. Bernstein increased their target price on Canadian National Railway from C$156.00 to C$163.00 in a research report on Tuesday, March 31st. Desjardins increased their price objective on shares of Canadian National Railway from C$156.00 to C$163.00 and gave the company a “buy” rating in a report on Thursday, April 30th. Finally, JPMorgan Chase & Co. lifted their target price on shares of Canadian National Railway from C$147.00 to C$153.00 in a research report on Tuesday, April 7th. Three investment analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of C$159.62.

Canadian National Railway Stock Performance

TSE CNR traded down C$0.04 during trading hours on Friday, reaching C$170.75. The stock had a trading volume of 584,241 shares, compared to its average volume of 1,761,816. Canadian National Railway has a 52-week low of C$126.11 and a 52-week high of C$171.23. The company has a debt-to-equity ratio of 104.96, a quick ratio of 0.57 and a current ratio of 0.67. The stock has a market cap of C$103.58 billion, a P/E ratio of 22.50, a price-to-earnings-growth ratio of 3.38 and a beta of 1.21. The stock has a fifty day moving average of C$158.74 and a 200 day moving average of C$147.25.

Canadian National Railway (TSE:CNR) (NYSE:CNI) last posted its earnings results on Wednesday, April 29th. The company reported C$1.80 earnings per share (EPS) for the quarter. The company had revenue of C$4.38 billion during the quarter. Canadian National Railway had a net margin of 27.23% and a return on equity of 21.93%. Sell-side analysts predict that Canadian National Railway will post 8.2610275 earnings per share for the current year.

Insider Buying and Selling at Canadian National Railway

In other news, Director Justin M. Howell bought 350 shares of the firm’s stock in a transaction that occurred on Friday, May 15th. The shares were purchased at an average price of C$152.74 per share, with a total value of C$53,459.00. Following the purchase, the director owned 350 shares in the company, valued at approximately C$53,459. The trade was a ? increase in their ownership of the stock. Insiders own 2.64% of the company’s stock.

Canadian National Railway Company Profile

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.