ATB Cormark Capital Markets Issues Positive Forecast for Canadian National Railway (TSE:CNR) Stock Price

Canadian National Railway (TSE:CNR) (NYSE:CNI) had its target price raised by ATB Cormark Capital Markets from C$150.00 to C$166.00 in a research report report published on Friday,BayStreet.CA reports. ATB Cormark Capital Markets currently has a sector perform rating on the stock.

A number of other research firms have also recently weighed in on CNR. Desjardins lifted their price target on Canadian National Railway from C$163.00 to C$185.00 and gave the company a “buy” rating in a report on Thursday. Evercore upgraded Canadian National Railway from a “hold” rating to a “strong-buy” rating in a research report on Thursday, June 25th. Stephens raised Canadian National Railway to a “hold” rating in a research note on Wednesday. TD boosted their price target on Canadian National Railway from C$171.00 to C$191.00 in a research report on Friday. Finally, Raymond James Financial increased their price target on Canadian National Railway from C$162.00 to C$170.00 and gave the stock an “outperform” rating in a research note on Thursday, April 23rd. Three equities research analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of C$164.62.

Canadian National Railway Stock Performance

CNR stock traded up C$0.09 during mid-day trading on Friday, reaching C$176.19. The company had a trading volume of 645,565 shares, compared to its average volume of 1,728,179. Canadian National Railway has a one year low of C$126.11 and a one year high of C$177.36. The stock has a market capitalization of C$106.88 billion, a P/E ratio of 23.21, a P/E/G ratio of 3.38 and a beta of 1.18. The company has a quick ratio of 0.57, a current ratio of 0.67 and a debt-to-equity ratio of 104.96. The stock’s 50-day simple moving average is C$163.13 and its two-hundred day simple moving average is C$150.03.

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. The business 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%. Research analysts anticipate that Canadian National Railway will post 8.2610275 EPS for the current year.

Insider Buying and Selling

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

Key Stories Impacting Canadian National Railway

Here are the key news stories impacting Canadian National Railway this week:

• Positive Sentiment: TD lifted its target on Canadian National Railway from C$171 to C$191, implying meaningful upside and reinforcing a constructive view on the stock. Article
• Positive Sentiment: Desjardins raised its target from C$163 to C$185 and reiterated a buy rating, adding to bullish sentiment around CNR. Article
• Positive Sentiment: JPMorgan Chase & Co. increased its target from C$156 to C$175, signaling stronger near-term expectations even though the new target is slightly below the current share price. Article
• Neutral Sentiment: ATB Cormark also raised its target, from C$150 to C$166, but kept a sector perform rating, which is supportive but not a strong bullish catalyst. Article
• Neutral Sentiment: Stephens upgraded Canadian National Railway to hold, reflecting a more balanced outlook rather than a clear call for additional upside. Article

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.