Canadian National Railway (TSE:CNR) Price Target Increased to C$183.00 by Analysts at CIBC

Canadian National Railway (TSE:CNR) (NYSE:CNI) had its target price boosted by analysts at CIBC from C$177.00 to C$183.00 in a report released on Wednesday, BayStreet.CA reports. The brokerage currently has a “neutral” rating on the stock. CIBC’s target price indicates a potential upside of 2.60% from the company’s current price.

CNR has been the subject of a number of other research reports. BMO Capital Markets boosted their target price on Canadian National Railway from C$175.00 to C$185.00 and gave the stock an “outperform” rating in a report on Wednesday, January 24th. Barclays upped their price target on Canadian National Railway from C$155.00 to C$170.00 and gave the stock an “equal weight” rating in a report on Wednesday, January 10th. Raymond James upped their price target on Canadian National Railway from C$175.00 to C$185.00 in a report on Monday, January 22nd. Royal Bank of Canada upped their price target on Canadian National Railway from C$158.00 to C$164.00 and gave the stock a “sector perform” rating in a report on Wednesday, January 24th. Finally, Desjardins upped their target price on Canadian National Railway from C$171.00 to C$189.00 and gave the company a “buy” rating in a research report on Thursday, January 18th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of C$179.43.

Canadian National Railway Trading Down 0.1 %

TSE:CNR opened at C$178.37 on Wednesday. The company has a market capitalization of C$114.20 billion, a PE ratio of 20.91, a price-to-earnings-growth ratio of 2.06 and a beta of 0.66. The company has a quick ratio of 0.58, a current ratio of 0.61 and a debt-to-equity ratio of 93.89. Canadian National Railway has a 52-week low of C$143.13 and a 52-week high of C$181.34. The stock has a fifty day simple moving average of C$173.43 and a 200-day simple moving average of C$161.83.

Canadian National Railway (TSE:CNR) (NYSE:CNI) last announced its earnings results on Tuesday, January 23rd. The company reported C$2.02 earnings per share for the quarter, beating the consensus estimate of C$1.96 by C$0.06. Canadian National Railway had a net margin of 33.43% and a return on equity of 27.11%. The firm had revenue of C$4.47 billion during the quarter, compared to the consensus estimate of C$4.38 billion. On average, equities research analysts expect that Canadian National Railway will post 8.0022696 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, Senior Officer Derek Michael Taylor sold 2,610 shares of the stock in a transaction dated Monday, February 26th. The stock was sold at an average price of C$131.26, for a total transaction of C$342,577.38. In other news, Senior Officer Derek Michael Taylor sold 2,610 shares of the stock in a transaction that occurred on Monday, February 26th. The stock was sold at an average price of C$131.26, for a total transaction of C$342,577.38. Also, Director Shauneen Elizabeth Bruder purchased 488 shares of the firm’s stock in a transaction dated Tuesday, March 26th. The stock was acquired at an average price of C$177.40 per share, for a total transaction of C$86,571.20. Corporate insiders own 1.62% of the company’s stock.

About Canadian National Railway

Canadian National Railway Company, together with its subsidiaries, engages in the rail, intermodal, trucking, and marine transportation and logistics business in Canada and the United States. The company provides rail services, which include equipment, custom brokerage services, transloading and distribution, business development and real estate, and private car storage services; and intermodal services, such as temperature controlled cargo, port partnerships, and logistics parks.