Canadian National Railway (TSE:CNR) Stock Rating Upgraded by Evercore

Canadian National Railway (TSE:CNR) (NYSE:CNI) was upgraded by stock analysts at Evercore from a “hold” rating to a “strong-buy” rating in a report released on Thursday,Zacks.com reports.

A number of other equities research analysts also recently weighed in on the stock. Scotiabank raised their price target on shares of Canadian National Railway from C$155.00 to C$160.00 and gave the company an “outperform” rating in a research note on Thursday, April 9th. JPMorgan Chase & Co. upped their price objective on shares of Canadian National Railway from C$147.00 to C$153.00 in a research report on Tuesday, April 7th. Desjardins raised their target price on shares of 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. ATB Cormark Capital Markets boosted their target price on shares of Canadian National Railway from C$146.00 to C$150.00 and gave the stock a “sector perform” rating in a research note on Friday, April 17th. Finally, Royal Bank Of Canada upped their price target on shares of Canadian National Railway from C$178.00 to C$195.00 and gave the stock an “outperform” rating in a report on Wednesday. Three research analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating and five have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of C$159.06.

Canadian National Railway Trading Up 3.5%

Shares of CNR opened at C$170.79 on Thursday. The company has a debt-to-equity ratio of 104.96, a quick ratio of 0.57 and a current ratio of 0.67. Canadian National Railway has a 52-week low of C$126.11 and a 52-week high of C$171.23. The firm has a market cap of C$103.60 billion, a price-to-earnings ratio of 22.50, a PEG ratio of 3.38 and a beta of 1.21. The business’s fifty day moving average is C$158.74 and its 200-day moving average is C$147.25.

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

Insider Transactions at Canadian National Railway

In related 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 price of C$152.74 per share, with a total value of C$53,459.00. Following the transaction, the director directly owned 350 shares in the company, valued at C$53,459. This represents a ∞ increase in their position. Company insiders own 2.64% of the company’s stock.

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.