Canadian National Railway (TSE:CNR) Price Target Raised to C$200.00

Canadian National Railway (TSE:CNR) (NYSE:CNI) had its price target raised by Raymond James Financial from C$198.00 to C$200.00 in a report released on Monday,BayStreet.CA reports. Raymond James Financial currently has an outperform rating on the stock.

Other equities research analysts have also issued research reports about the stock. National Bank Financial boosted their price target on shares of Canadian National Railway from C$173.00 to C$192.00 and gave the company a “sector perform” rating in a report on Monday. ATB Cormark Capital Markets raised their price objective on shares of Canadian National Railway from C$166.00 to C$185.00 and gave the stock a “sector perform” rating in a report on Monday. Citizens Jmp upgraded shares of Canadian National Railway to a “hold” rating in a research report on Wednesday, July 15th. Evercore raised shares of Canadian National Railway from a “hold” rating to a “strong-buy” rating in a research report on Thursday, June 25th. Finally, Desjardins lifted their price objective on Canadian National Railway from C$163.00 to C$185.00 and gave the company a “buy” rating in a report on Thursday, July 9th. Three investment analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating and eight have issued a Hold rating to the stock. According to MarketBeat, Canadian National Railway presently has a consensus rating of “Moderate Buy” and a consensus price target of C$183.29.

Canadian National Railway Stock Performance

CNR opened at C$182.57 on Monday. The stock has a market cap of C$110.44 billion, a PE ratio of 24.05, a P/E/G ratio of 3.38 and a beta of 1.18. The company has a current ratio of 0.87, a quick ratio of 0.57 and a debt-to-equity ratio of 103.26. Canadian National Railway has a 1 year low of C$126.11 and a 1 year high of C$185.25. The stock’s 50 day simple moving average is C$170.08 and its 200-day simple moving average is C$154.16.

Canadian National Railway (TSE:CNR) (NYSE:CNI) last issued its earnings results on Friday, July 24th. The company reported C$2.08 EPS for the quarter. The firm had revenue of C$4.75 billion during the quarter. Canadian National Railway had a return on equity of 22.19% and a net margin of 26.92%. Sell-side analysts forecast that Canadian National Railway will post 8.2610275 EPS for the current year.

Insider Activity

In other news, Director Justin M. Howell bought 350 shares of the business’s stock in a transaction dated Friday, May 15th. The stock was bought 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 position. Company insiders own 2.64% of the company’s stock.

More Canadian National Railway News

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

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.