Canadian National Railway (TSE:CNR) Stock Price Expected to Rise, National Bank Financial Analyst Says

Canadian National Railway (TSE:CNR) (NYSE:CNI) had its price target hoisted by equities research analysts at National Bank Financial from C$173.00 to C$192.00 in a research report issued to clients and investors on Monday,BayStreet.CA reports. The brokerage currently has a “sector perform” rating on the stock. National Bank Financial’s price target points to a potential upside of 5.44% from the stock’s current price.

A number of other research analysts have also weighed in on CNR. Citizens Jmp raised shares of Canadian National Railway to a “hold” rating in a research note on Wednesday, July 15th. Stephens raised shares of Canadian National Railway to a “hold” rating in a research report on Wednesday, July 8th. Scotia upped their target price on shares of Canadian National Railway from C$194.00 to C$199.00 and gave the stock a “sector outperform” rating in a research note on Monday. Canadian Imperial Bank of Commerce increased their target price on Canadian National Railway from C$185.00 to C$198.00 in a report on Monday. Finally, ATB Cormark Capital Markets lifted their price target on Canadian National Railway from C$166.00 to C$185.00 and gave the company a “sector perform” rating in a research note on Monday. Three investment analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating and eight have given a Hold rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of C$183.29.

Canadian National Railway Trading Down 0.4%

Shares of Canadian National Railway stock traded down C$0.82 during trading hours on Monday, hitting C$182.09. The company’s stock had a trading volume of 676,090 shares, compared to its average volume of 1,685,911. The company has a market capitalization of C$110.46 billion, a PE ratio of 23.99, a price-to-earnings-growth ratio of 3.38 and a beta of 1.18. The company has a debt-to-equity ratio of 103.26, a current ratio of 0.87 and a quick ratio of 0.57. The stock has a 50 day moving average of C$168.47 and a 200 day moving average of C$153.20. 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. Canadian National Railway had a return on equity of 22.19% and a net margin of 26.92%.The business had revenue of C$4.75 billion for the quarter. 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 Canadian National Railway news, Director Justin M. Howell acquired 350 shares of Canadian National Railway stock in a transaction dated Friday, May 15th. The stock was bought at an average cost of C$152.74 per share, for a total transaction of C$53,459.00. Following the purchase, the director directly owned 350 shares in the company, valued at approximately C$53,459. This represents a ? increase in their position. 2.64% of the stock is currently 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.