Canadian National Railway (TSE:CNR) Hits New 12-Month High After Analyst Upgrade

Canadian National Railway (TSE:CNR) (NYSE:CNI) shares reached a new 52-week high during trading on Tuesday after Raymond James Financial raised their price target on the stock from C$170.00 to C$198.00. Raymond James Financial currently has an outperform rating on the stock. Canadian National Railway traded as high as C$178.40 and last traded at C$177.53, with a volume of 1162572 shares trading hands. The stock had previously closed at C$176.19.

CNR has been the subject of several other research reports. Desjardins raised their price objective on Canadian National Railway from C$163.00 to C$185.00 and gave the company a “buy” rating in a research report on Thursday, July 9th. ATB Cormark Capital Markets upped their target price 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 report on Friday, July 10th. Royal Bank Of Canada lifted their price target 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. Sanford C. Bernstein boosted their price objective on shares of Canadian National Railway from C$156.00 to C$163.00 in a research note on Tuesday, March 31st. Finally, Scotiabank upped their price objective on shares of Canadian National Railway from C$155.00 to C$160.00 and gave the stock an “outperform” rating in a report on Thursday, April 9th. Three research analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating and six have issued a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of C$166.38.

Insider Buying and Selling

In other news, Director Justin M. Howell acquired 350 shares of Canadian National Railway stock in a transaction on Friday, May 15th. The stock was acquired at an average cost of C$152.74 per share, for a total transaction of C$53,459.00. Following the purchase, the director owned 350 shares in the company, valued at C$53,459. This trade represents a ? increase in their ownership of the stock. Company insiders own 2.64% of the company’s stock.

Canadian National Railway Stock Down 0.8%

The company has a market cap of C$105.71 billion, a P/E ratio of 22.96, a P/E/G ratio of 3.38 and a beta of 1.18. The company’s 50-day moving average is C$164.57 and its two-hundred day moving average is C$151.00. 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 released its quarterly earnings data on Wednesday, April 29th. The company reported C$1.80 earnings per share (EPS) for the quarter. The business had revenue of C$4.38 billion for the quarter. Canadian National Railway had a return on equity of 21.93% and a net margin of 27.23%. As a group, equities analysts predict that Canadian National Railway will post 8.2610275 earnings per share for the current fiscal year.

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.