Canadian National Railway (TSE:CNR) PT Raised to C$172.00 at Royal Bank of Canada

Canadian National Railway (TSE:CNR) (NYSE:CNI) had its price objective upped by equities researchers at Royal Bank of Canada from C$171.00 to C$172.00 in a report released on Wednesday, BayStreet.CA reports. The firm presently has a “sector perform” rating on the stock. Royal Bank of Canada’s price objective indicates a potential upside of 0.94% from the company’s current price.

CNR has been the subject of several other reports. Barclays raised their price target on Canadian National Railway from C$170.00 to C$175.00 in a research report on Thursday, April 4th. CIBC raised their price target on Canadian National Railway from C$177.00 to C$183.00 and gave the stock a “neutral” rating in a research report on Wednesday, March 27th. Raymond James raised their price target on Canadian National Railway from C$185.00 to C$190.00 and gave the stock an “outperform” rating in a research report on Monday. TD Securities raised their price target on Canadian National Railway from C$185.00 to C$190.00 and gave the stock a “hold” rating in a research report on Wednesday. Finally, Sanford C. Bernstein raised their price target on Canadian National Railway from C$191.00 to C$195.00 and gave the stock an “outperform” rating in a research report on Monday, April 15th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, Canadian National Railway currently has a consensus rating of “Hold” and an average price target of C$184.50.

Canadian National Railway Price Performance

TSE:CNR opened at C$170.40 on Wednesday. Canadian National Railway has a one year low of C$143.13 and a one year 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. The stock has a market cap of C$109.10 billion, a PE ratio of 19.98, a P/E/G ratio of 2.06 and a beta of 0.65. The stock has a 50 day moving average price of C$175.98 and a 200 day moving average price of C$165.64.

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 company had revenue of C$4.47 billion during the quarter, compared to analyst estimates of C$4.38 billion. Canadian National Railway had a return on equity of 27.11% and a net margin of 33.43%. Equities research analysts expect that Canadian National Railway will post 8.0140399 EPS for the current fiscal year.

Insider Activity

In other Canadian National Railway news, Director Shauneen Elizabeth Bruder purchased 488 shares of the firm’s stock in a transaction that occurred on Tuesday, March 26th. The stock was purchased at an average cost of C$177.40 per share, with a total value of C$86,571.20. In other Canadian National Railway news, Senior Officer Derek Michael Taylor sold 2,610 shares of the company’s stock in a transaction dated Monday, February 26th. The shares were 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 on Tuesday, March 26th. The stock was purchased at an average cost of C$177.40 per share, with a total value of C$86,571.20. Corporate 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.