Canadian National Railway (TSE:CNR) Price Target Raised to C$194.00

Canadian National Railway (TSE:CNR) (NYSE:CNI) had its target price upped by Scotiabank from C$162.00 to C$194.00 in a report published on Thursday,BayStreet.CA reports.

Other equities research analysts have also recently issued reports about the company. Scotia raised their target price on Canadian National Railway from C$160.00 to C$162.00 and gave the company a “sector outperform” rating in a research note on Thursday, April 30th. Raymond James Financial boosted their price objective on Canadian National Railway from C$170.00 to C$198.00 and gave the stock an “outperform” rating in a research note on Tuesday, July 14th. Citizens Jmp raised shares of Canadian National Railway to a “hold” rating in a research note on Wednesday. Evercore upgraded Canadian National Railway from a “hold” rating to a “strong-buy” rating in a research report on Thursday, June 25th. Finally, Sanford C. Bernstein boosted their target price on shares of Canadian National Railway from C$163.00 to C$196.00 in a research note on Thursday. Three research analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating and seven have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of C$170.56.

Canadian National Railway Stock Performance

Shares of Canadian National Railway stock opened at C$180.94 on Thursday. Canadian National Railway has a 1 year low of C$126.11 and a 1 year high of C$181.52. The company has a debt-to-equity ratio of 104.96, a quick ratio of 0.57 and a current ratio of 0.67. The firm has a market cap of C$109.76 billion, a PE ratio of 23.84, a price-to-earnings-growth ratio of 3.38 and a beta of 1.18. The firm’s 50-day simple moving average is C$165.71 and its 200-day simple moving average is C$151.53.

Canadian National Railway (TSE:CNR) (NYSE:CNI) last posted its quarterly earnings results 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%. Equities analysts forecast that Canadian National Railway will post 8.2610275 earnings per share for the current fiscal year.

Insider Buying and Selling at Canadian National Railway

In related news, Director Justin M. Howell purchased 350 shares of Canadian National Railway stock in a transaction on Friday, May 15th. The stock was bought at an average price of C$152.74 per share, with a total value of C$53,459.00. Following the completion of the transaction, the director directly owned 350 shares of the company’s stock, valued at approximately C$53,459. This represents a ? increase in their ownership of the stock. 2.64% of the stock is owned by corporate insiders.

Canadian National Railway News Summary

Here are the key news stories impacting Canadian National Railway this week:

• Positive Sentiment: Scotiabank raised its price target on Canadian National Railway to C$194.00 from C$162.00, signaling confidence in the company’s earnings potential and leaving room for further upside. Canadian National Railway (TSE:CNR) Given New C$194.00 Price Target at Scotiabank
• Positive Sentiment: Sanford C. Bernstein also lifted its target to C$196.00 from C$163.00, reinforcing the bullish view that CNR can continue to perform well. Sanford C. Bernstein Issues Positive Forecast for Canadian National Railway (TSE:CNR) Stock Price
• Neutral Sentiment: Citizens JMP upgraded the stock to “hold,” which supports a more constructive outlook but is less enthusiastic than the recent price-target hikes. Canadian National Railway upgrade by Citizens JMP
• Negative Sentiment: Canadian National Railway suspended operations and evacuated workers in an area affected by wildfire near Armstrong, Ontario, highlighting a near-term operational risk that could weigh on results if disruptions persist. CN Railway evacuates workers, suspends operations in area hit by wildfire

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.