TD Forecasts Strong Price Appreciation for Canadian National Railway (TSE:CNR) Stock

Canadian National Railway (TSE:CNR) (NYSE:CNI) had its price target lifted by equities research analysts at TD from C$191.00 to C$205.00 in a research note issued to investors on Monday,BayStreet.CA reports. The firm presently has a “buy” rating on the stock. TD’s target price indicates a potential upside of 12.58% from the stock’s current price.

A number of other analysts have also recently issued reports on the stock. ATB Cormark Capital Markets increased their price objective on shares of Canadian National Railway from C$150.00 to C$166.00 and gave the stock a “sector perform” rating in a research note on Friday, July 10th. 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 report on Friday, June 26th. Desjardins increased their price target on Canadian National Railway from C$163.00 to C$185.00 and gave the stock a “buy” rating in a report on Thursday, July 9th. Royal Bank Of Canada upped their target price on shares of Canadian National Railway from C$178.00 to C$195.00 and gave the stock an “outperform” rating in a research note on Wednesday, June 24th. Finally, Stephens upgraded shares of Canadian National Railway to a “hold” rating in a report on Wednesday, July 8th. Three analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating and eight have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of C$183.29.

Canadian National Railway Stock Down 0.4%

Shares of TSE:CNR traded down C$0.82 on Monday, hitting C$182.09. 676,090 shares of the company traded hands, compared to its average volume of 1,685,911. Canadian National Railway has a 52 week low of C$126.11 and a 52 week high of C$185.25. The company has a market cap of C$110.46 billion, a PE ratio of 23.99, a PEG ratio of 3.38 and a beta of 1.18. The stock has a 50 day simple moving average of C$168.47 and a 200-day simple moving average of C$153.20. The company has a quick ratio of 0.57, a current ratio of 0.87 and a debt-to-equity ratio of 103.26.

Canadian National Railway (TSE:CNR) (NYSE:CNI) last posted its earnings results on Friday, July 24th. The company reported C$2.08 earnings per share (EPS) for the quarter. Canadian National Railway had a net margin of 26.92% and a return on equity of 22.19%. The business had revenue of C$4.75 billion for the quarter. As a group, research analysts expect that Canadian National Railway will post 8.2610275 earnings per share for the current year.

Insider Buying and Selling

In other Canadian National Railway news, Director Justin M. Howell purchased 350 shares of the company’s stock in a transaction dated Friday, May 15th. The shares were acquired at an average price of C$152.74 per share, for a total transaction of C$53,459.00. Following the completion of the purchase, the director owned 350 shares of the company’s stock, valued at approximately C$53,459. The trade was a ? increase in their ownership of the stock. Company 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.