Scotia Boosts Canadian National Railway (TSE:CNR) Price Target to C$162.00

Canadian National Railway (TSE:CNR) (NYSE:CNI) had its target price raised by stock analysts at Scotia from C$160.00 to C$162.00 in a research note issued to investors on Thursday,BayStreet.CA reports. The brokerage currently has a “sector outperform” rating on the stock. Scotia’s price objective would suggest a potential upside of 6.45% from the company’s current price.

Other equities research analysts also recently issued research reports about the company. Desjardins upped their price objective on Canadian National Railway from C$156.00 to C$163.00 and gave the company a “buy” rating in a report on Thursday. Sanford C. Bernstein upped their price objective on Canadian National Railway from C$156.00 to C$163.00 in a report on Tuesday, March 31st. Canadian Imperial Bank of Commerce upped their price objective on Canadian National Railway from C$151.00 to C$154.00 in a report on Thursday, January 8th. BMO Capital Markets upped their price objective on Canadian National Railway from C$158.00 to C$169.00 in a report on Thursday, February 19th. Finally, 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. Three equities research 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’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of C$158.00.

Canadian National Railway Trading Down 0.2%

Shares of CNR opened at C$152.19 on Thursday. The stock’s fifty day simple moving average is C$147.55 and its 200-day simple moving average is C$139.88. The firm has a market capitalization of C$93.05 billion, a PE ratio of 20.10, a price-to-earnings-growth ratio of 3.38 and a beta of 1.08. 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 has a 12-month low of C$126.11 and a 12-month high of C$158.25.

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

Insider Activity

In other Canadian National Railway news, Director Shauneen Elizabeth Bruder purchased 620 shares of the stock in a transaction on Thursday, March 26th. The stock was bought at an average cost of C$141.07 per share, for a total transaction of C$87,463.40. Following the completion of the acquisition, the director directly owned 19,071 shares of the company’s stock, valued at C$2,690,345.97. The trade was a 3.36% increase in their ownership of the stock. Also, Director Albert Monaco purchased 7,400 shares of the stock in a transaction on Friday, March 20th. The stock was acquired at an average price of C$135.68 per share, with a total value of C$1,004,032.00. Following the completion of the acquisition, the director directly owned 7,400 shares of the company’s stock, valued at approximately C$1,004,032. 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.