Royal Bank Of Canada Increases Canadian National Railway (TSE:CNR) Price Target to C$195.00

Canadian National Railway (TSE:CNR) (NYSE:CNI) had its price objective hoisted by Royal Bank Of Canada from C$178.00 to C$195.00 in a research note issued to investors on Wednesday,BayStreet.CA reports. The firm currently has an “outperform” rating on the stock. Royal Bank Of Canada’s price objective would indicate a potential upside of 17.82% from the company’s previous close.

CNR has been the subject of several other research reports. JPMorgan Chase & Co. upped their target price on shares of Canadian National Railway from C$147.00 to C$153.00 in a research report on Tuesday, April 7th. ATB Cormark Capital Markets upped their price objective on Canadian National Railway from C$146.00 to C$150.00 and gave the company a “sector perform” rating in a report on Friday, April 17th. Desjardins increased 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 note on Thursday, April 30th. TD raised their target price on Canadian National Railway from C$164.00 to C$171.00 and gave the stock a “buy” rating in a report on Monday, April 13th. Finally, Raymond James Financial boosted their target price on Canadian National Railway from C$162.00 to C$170.00 and gave the stock an “outperform” rating in a research report on Thursday, April 23rd. Two investment analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating and six have assigned a Hold rating to the company. According to data from MarketBeat.com, Canadian National Railway presently has an average rating of “Moderate Buy” and an average price target of C$159.06.

Canadian National Railway Trading Up 1.4%

Shares of TSE CNR traded up C$2.24 during mid-day trading on Wednesday, hitting C$165.51. The company’s stock had a trading volume of 673,804 shares, compared to its average volume of 1,766,058. The stock has a market cap of C$100.40 billion, a price-to-earnings ratio of 21.81, a price-to-earnings-growth ratio of 3.38 and a beta of 1.21. The company has a debt-to-equity ratio of 104.96, a current ratio of 0.67 and a quick ratio of 0.57. Canadian National Railway has a one year low of C$126.11 and a one year high of C$169.90. The company’s fifty day simple moving average is C$158.16 and its 200-day simple moving average is C$146.81.

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 for the quarter. Canadian National Railway had a net margin of 27.23% and a return on equity of 21.93%. The business had revenue of C$4.38 billion during the quarter. On average, sell-side analysts anticipate that Canadian National Railway will post 8.2610275 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Canadian National Railway news, Director Shauneen Elizabeth Bruder bought 620 shares of the firm’s stock in a transaction on Thursday, March 26th. The stock was purchased at an average cost of C$141.07 per share, with a total value of C$87,463.40. Following the completion of the purchase, the director owned 19,071 shares in the company, valued at approximately C$2,690,345.97. The trade was a 3.36% increase in their ownership of the stock. Also, Director Justin M. Howell purchased 350 shares of the 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 approximately C$53,459. This represents a ? increase in their ownership of the stock. 2.64% of the stock is owned by corporate insiders.

About Canadian National Railway

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.