Canadian National Railway (TSE:CNR) Reaches New 1-Year High – What’s Next?

Canadian National Railway (TSE:CNR) (NYSE:CNI) reached a new 52-week high on Monday . The company traded as high as C$169.90 and last traded at C$168.94, with a volume of 114143 shares. The stock had previously closed at C$167.94.

Wall Street Analyst Weigh In

A number of research firms have weighed in on CNR. ATB Cormark Capital Markets upped their price target on Canadian National Railway from C$146.00 to C$150.00 and gave the stock a “sector perform” rating in a report on Friday, April 17th. Desjardins upped their target price on Canadian National Railway from C$156.00 to C$163.00 and gave the company a “buy” rating in a research report on Thursday, April 30th. Royal Bank Of Canada upped their target price on Canadian National Railway from C$160.00 to C$178.00 and gave the company an “outperform” rating in a research report on Thursday, April 30th. TD upped their target price on Canadian National Railway from C$164.00 to C$171.00 and gave the company a “buy” rating in a research report on Monday, April 13th. Finally, National Bank Financial upped their target price on Canadian National Railway from C$147.00 to C$164.00 and gave the company a “sector perform” rating in a research report on Wednesday, April 15th. Two investment analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat.com, Canadian National Railway has an average rating of “Moderate Buy” and a consensus price target of C$158.00.

Canadian National Railway Price Performance

The company has a 50 day moving average of C$153.69 and a 200-day moving average of C$144.11. The stock has a market capitalization of C$102.19 billion, a P/E ratio of 22.19, a PEG ratio of 3.38 and a beta of 1.21. The company has a quick ratio of 0.58, a current ratio of 0.67 and a debt-to-equity ratio of 104.96.

Canadian National Railway (TSE:CNR) (NYSE:CNI) last announced its quarterly earnings data on Wednesday, April 29th. The company reported C$1.80 earnings per share (EPS) for the quarter. Canadian National Railway had a return on equity of 21.93% and a net margin of 27.23%.The firm had revenue of C$4.38 billion for the quarter. Sell-side analysts predict that Canadian National Railway will post 8.2610275 EPS for the current year.

Insider Buying and Selling

In other news, Director Albert Monaco acquired 7,400 shares of Canadian National Railway stock in a transaction that occurred on Friday, March 20th. The shares were purchased at an average cost of C$135.68 per share, for a total transaction of C$1,004,032.00. Following the completion of the purchase, the director directly owned 7,400 shares of the company’s stock, valued at C$1,004,032. This trade represents a ? increase in their position. Also, Director Justin M. Howell acquired 350 shares of Canadian National Railway stock in a transaction that occurred on Friday, May 15th. The shares were purchased at an average price of C$152.74 per share, for a total transaction of C$53,459.00. Following the completion of the purchase, 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. Insiders have bought 8,370 shares of company stock worth $1,144,954 over the last ninety days. 2.64% of the stock is owned by insiders.

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.