Canadian National Railway (TSE:CNR) Hits New 52-Week High – Time to Buy?

Canadian National Railway (TSE:CNR) (NYSE:CNI) shares reached a new 52-week high during trading on Wednesday . The company traded as high as C$174.57 and last traded at C$174.34, with a volume of 1156384 shares. The stock had previously closed at C$172.65.

Analyst Ratings Changes

A number of brokerages have recently weighed in on CNR. National Bank Financial raised their price target on Canadian National Railway from C$164.00 to C$173.00 and gave the company a “sector perform” rating in a research report on Friday, June 26th. Sanford C. Bernstein boosted their price objective on shares of Canadian National Railway from C$156.00 to C$163.00 in a research report on Tuesday, March 31st. Royal Bank Of Canada raised their target price on shares of Canadian National Railway from C$178.00 to C$195.00 and gave the company an “outperform” rating in a report on Wednesday, June 24th. Scotia lifted their target price on shares of Canadian National Railway from C$160.00 to C$162.00 and gave the stock a “sector outperform” rating in a research report on Thursday, April 30th. Finally, JPMorgan Chase & Co. upped their price target on shares of Canadian National Railway from C$147.00 to C$153.00 in a report on Tuesday, April 7th. Three analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of C$159.62.

Canadian National Railway Stock Up 1.0%

The stock has a market cap of C$105.75 billion, a price-to-earnings ratio of 22.97, a P/E/G ratio of 3.38 and a beta of 1.18. The company has a current ratio of 0.67, a quick ratio of 0.57 and a debt-to-equity ratio of 104.96. The firm’s 50 day moving average is C$161.84 and its two-hundred day moving average is C$149.31.

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

Insider Transactions at Canadian National Railway

In other news, Director Justin M. Howell bought 350 shares of the stock in a transaction on Friday, May 15th. The stock was purchased at an average cost of C$152.74 per share, with a total value of C$53,459.00. Following the purchase, the director owned 350 shares of the company’s stock, valued at approximately C$53,459. The trade was a ∞ increase in their ownership of the stock. Company insiders own 2.64% of the company’s stock.

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.