Canadian National Railway (TSE:CNR) Price Target Raised to C$150.00 at ATB Cormark Capital Markets

Canadian National Railway (TSE:CNR) (NYSE:CNI) had its price target upped by investment analysts at ATB Cormark Capital Markets from C$146.00 to C$150.00 in a note issued to investors on Friday,BayStreet.CA reports. The brokerage presently has a “sector perform” rating on the stock. ATB Cormark Capital Markets’ price objective suggests a potential downside of 0.88% from the company’s current price.

Other equities research analysts have also recently issued research reports about the company. Canadian Imperial Bank of Commerce raised their price objective on Canadian National Railway from C$151.00 to C$154.00 in a report on Thursday, January 8th. Desjardins set a C$156.00 target price on Canadian National Railway and gave the stock a “buy” rating in a research report on Tuesday, March 31st. TD boosted their price objective on Canadian National Railway from C$164.00 to C$171.00 and gave the company a “buy” rating in a report on Monday. BMO Capital Markets upped their target price on Canadian National Railway from C$158.00 to C$169.00 in a report on Thursday, February 19th. Finally, JPMorgan Chase & Co. boosted their price objective on Canadian National Railway from C$147.00 to C$153.00 in a research report on Tuesday, April 7th. Three research analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating and seven have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of C$156.69.

Canadian National Railway Stock Performance

Shares of TSE CNR traded up C$2.17 during trading hours on Friday, reaching C$151.33. The stock had a trading volume of 606,647 shares, compared to its average volume of 1,792,174. Canadian National Railway has a fifty-two week low of C$126.11 and a fifty-two week high of C$154.63. The firm has a 50-day moving average of C$145.95 and a 200-day moving average of C$138.49. The company has a current ratio of 0.67, a quick ratio of 0.58 and a debt-to-equity ratio of 101.25. The firm has a market cap of C$92.52 billion, a price-to-earnings ratio of 19.99, a PEG ratio of 3.38 and a beta of 1.08.

Canadian National Railway (TSE:CNR) (NYSE:CNI) last posted its quarterly earnings results on Friday, January 30th. The company reported C$2.08 EPS for the quarter. The business had revenue of C$4.46 billion during the quarter. Canadian National Railway had a return on equity of 21.95% and a net margin of 27.28%. Equities research analysts predict that Canadian National Railway will post 8.2610275 earnings per share for the current year.

Insider Activity

In related news, Director Albert Monaco acquired 7,400 shares of the firm’s stock in a transaction on Friday, March 20th. The shares were bought at an average cost of C$135.68 per share, with a total value of C$1,004,032.00. Following the completion of the acquisition, the director owned 7,400 shares of the company’s stock, valued at C$1,004,032. This trade represents a ? increase in their ownership of the stock. Also, Director Shauneen Elizabeth Bruder acquired 620 shares of the firm’s stock in a transaction on Thursday, March 26th. The shares were bought at an average cost of C$141.07 per share, for a total transaction of C$87,463.40. Following the completion of the acquisition, the director directly owned 19,071 shares of the company’s stock, valued at approximately C$2,690,345.97. This represents a 3.36% 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.