Canadian National Railway (TSE:CNR) Price Target Raised to C$190.00 at Raymond James

Canadian National Railway (TSE:CNR) (NYSE:CNI) had its target price upped by Raymond James from C$185.00 to C$190.00 in a report issued on Monday morning, BayStreet.CA reports. Raymond James currently has an outperform rating on the stock.

Several other brokerages have also recently weighed in on CNR. Barclays lifted their price target on shares of Canadian National Railway from C$170.00 to C$175.00 in a research note on Thursday, April 4th. Sanford C. Bernstein boosted their price target on Canadian National Railway from C$191.00 to C$195.00 and gave the company an outperform rating in a report on Monday, April 15th. Royal Bank of Canada raised their price objective on Canadian National Railway from C$164.00 to C$171.00 in a research note on Monday, April 1st. Veritas Investment Research cut Canadian National Railway from a buy rating to a reduce rating and set a C$168.00 price objective on the stock. in a research report on Wednesday, January 24th. Finally, Desjardins raised their target price on shares of Canadian National Railway from C$189.00 to C$195.00 and gave the stock a buy rating in a research note on Friday, April 12th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, Canadian National Railway currently has an average rating of Hold and a consensus price target of C$183.36.

Canadian National Railway Stock Up 1.0 %

CNR stock opened at C$177.19 on Monday. The business’s 50-day moving average is C$176.07 and its two-hundred day moving average is C$165.37. The company has a market cap of C$113.44 billion, a price-to-earnings ratio of 20.77, a P/E/G ratio of 2.06 and a beta of 0.65. Canadian National Railway has a fifty-two week low of C$143.13 and a fifty-two week high of C$181.34. The company has a debt-to-equity ratio of 93.89, a quick ratio of 0.58 and a current ratio of 0.61.

Canadian National Railway (TSE:CNR) (NYSE:CNI) last issued its quarterly earnings data on Tuesday, January 23rd. The company reported C$2.02 earnings per share for the quarter, topping the consensus estimate of C$1.96 by C$0.06. The firm had revenue of C$4.47 billion for the quarter, compared to analysts’ expectations of C$4.38 billion. Canadian National Railway had a net margin of 33.43% and a return on equity of 27.11%. As a group, analysts forecast that Canadian National Railway will post 8.0140399 earnings per share for the current year.

Insider Buying and Selling at Canadian National Railway

In related news, Director Shauneen Elizabeth Bruder purchased 488 shares of Canadian National Railway stock in a transaction on Tuesday, March 26th. The shares were bought at an average cost of C$177.40 per share, for a total transaction of C$86,571.20. In other Canadian National Railway news, Senior Officer Derek Michael Taylor sold 2,610 shares of Canadian National Railway 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 value of C$342,577.38. Also, Director Shauneen Elizabeth Bruder acquired 488 shares of the firm’s stock in a transaction dated Tuesday, March 26th. The shares were purchased at an average cost of C$177.40 per share, for a total transaction of C$86,571.20. Insiders own 1.67% of the company’s stock.

Canadian National Railway Company Profile

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.