Canadian National Railway (TSE:CNR) Price Target Raised to C$195.00

Canadian National Railway (TSE:CNR) (NYSE:CNI) had its price target raised by BMO Capital Markets from C$180.00 to C$195.00 in a report published on Monday,BayStreet.CA reports.

Several other analysts have also commented on the stock. ATB Cormark Capital Markets raised their price target on shares of Canadian National Railway from C$150.00 to C$166.00 and gave the company a “sector perform” rating in a research report on Friday, July 10th. Desjardins upped their price objective on shares of Canadian National Railway from C$163.00 to C$185.00 and gave the stock a “buy” rating in a research report on Thursday, July 9th. Susquehanna lowered shares of Canadian National Railway from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, July 14th. Citizens Jmp upgraded Canadian National Railway to a “hold” rating in a research report on Wednesday, July 15th. Finally, Stephens upgraded Canadian National Railway to a “hold” rating in a research report on Wednesday, July 8th. Three investment analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating and eight have assigned a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of C$183.29.

Canadian National Railway Stock Performance

Shares of TSE CNR opened at C$182.57 on Monday. The company has a 50 day simple moving average of C$170.08 and a two-hundred day simple moving average of C$154.16. The stock has a market cap of C$110.44 billion, a price-to-earnings ratio of 24.05, a PEG ratio of 3.38 and a beta of 1.18. The company has a current ratio of 0.87, a quick ratio of 0.57 and a debt-to-equity ratio of 103.26. Canadian National Railway has a 12 month low of C$126.11 and a 12 month high of C$185.25.

Canadian National Railway (TSE:CNR) (NYSE:CNI) last released its quarterly earnings data on Friday, July 24th. The company reported C$2.08 earnings per share for the quarter. The business had revenue of C$4.75 billion during the quarter. Canadian National Railway had a return on equity of 22.19% and a net margin of 26.92%. As a group, analysts predict that Canadian National Railway will post 8.2610275 earnings per share for the current year.

Insider Activity at Canadian National Railway

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

Canadian National Railway News Summary

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

• Positive Sentiment: Canadian National Railway’s earnings beat has renewed attention on its valuation and may support the case for further gains. The company most recently reported C$2.08 in quarterly EPS and C$4.75 billion in revenue. Canadian National Railway Earnings Beat Puts Valuation Back In Focus
• Positive Sentiment: Multiple firms raised their price targets, including Barclays to C$185, National Bank Financial to C$192, CIBC to C$198, Raymond James to C$200 and Royal Bank of Canada to C$205. These revisions signal expectations for additional appreciation. Barclays Price Target National Bank Financial Price Target CIBC Price Target Raymond James Price Target Royal Bank of Canada Price Target
• Positive Sentiment: Analysts at JPMorgan, BMO, Scotia, ATB Cormark, Desjardins and TD also forecast strong price appreciation, reinforcing the broader bullish analyst view. JPMorgan Forecast BMO Forecast Scotia Forecast ATB Cormark Forecast Desjardins Forecast TD Forecast
• Neutral Sentiment: Wells Fargo raised its target to C$145, a more cautious level than most peers and below the company’s recent trading range, highlighting continued valuation disagreement. Wells Fargo Price Target
• Negative Sentiment: Public-market insider selling at Canadian National Railway could weigh on sentiment, as investors may interpret insider transactions as a signal to lock in gains after the stock’s strong advance. Public Market Insider Selling at Canadian National Railway

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.