Canadian National Railway (TSE:CNR) Upgraded to Hold at Stephens

Stephens upgraded shares of Canadian National Railway (TSE:CNR) (NYSE:CNI) to a hold rating in a research report released on Wednesday morning,Zacks.com reports.

A number of other research firms also recently issued reports on CNR. Royal Bank Of Canada boosted their target price on shares of Canadian National Railway from C$178.00 to C$195.00 and gave the company an “outperform” rating in a research report on Wednesday, June 24th. ATB Cormark Capital Markets raised their price target on shares of Canadian National Railway from C$146.00 to C$150.00 and gave the stock a “sector perform” rating in a report on Friday, April 17th. Evercore raised shares of Canadian National Railway from a “hold” rating to a “strong-buy” rating in a research note on Thursday, June 25th. TD upped their price objective on shares of Canadian National Railway from C$164.00 to C$171.00 and gave the company a “buy” rating in a report on Monday, April 13th. Finally, JPMorgan Chase & Co. increased their price objective on shares of Canadian National Railway from C$147.00 to C$153.00 in a research report on Tuesday, April 7th. Three analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating and five have given a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of C$159.62.

Canadian National Railway Stock Down 0.3%

Shares of Canadian National Railway stock opened at C$173.82 on Wednesday. The stock’s 50-day moving average is C$162.19 and its 200 day moving average is C$149.56. Canadian National Railway has a one year low of C$126.11 and a one year high of C$174.57. The firm has a market cap of C$105.44 billion, a price-to-earnings ratio of 22.90, a PEG ratio of 3.38 and a beta of 1.18. The company has a debt-to-equity ratio of 104.96, a current ratio of 0.67 and a quick ratio of 0.57.

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

Insider Transactions at Canadian National Railway

In related news, Director Justin M. Howell acquired 350 shares of the firm’s stock in a transaction on Friday, May 15th. The stock was purchased 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 of the company’s stock, valued at approximately C$53,459. This trade represents a ? increase in their position. 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.