Canadian National Railway (TSE:CNR) Price Target Raised to C$205.00

Canadian National Railway (TSE:CNR) (NYSE:CNI) had its price target upped by Royal Bank Of Canada from C$195.00 to C$205.00 in a report published on Monday,BayStreet.CA reports. The firm currently has an outperform rating on the stock.

Several other analysts have also recently commented on the stock. Susquehanna cut shares of Canadian National Railway from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, July 14th. Raymond James Financial raised their price target on shares of Canadian National Railway from C$170.00 to C$198.00 and gave the stock an “outperform” rating in a research note on Tuesday, July 14th. Stephens upgraded Canadian National Railway to a “hold” rating in a report on Wednesday, July 8th. Desjardins upped their target price on Canadian National Railway from C$163.00 to C$185.00 and gave the stock a “buy” rating in a report on Thursday, July 9th. Finally, Canadian Imperial Bank of Commerce increased their target price on shares of Canadian National Railway from C$185.00 to C$198.00 in a research report on Monday. Three research 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 stock. According to data from MarketBeat.com, Canadian National Railway currently has a consensus rating of “Moderate Buy” and an average target price of C$183.29.

Canadian National Railway Price Performance

CNR opened at C$182.57 on Monday. The company’s 50-day simple moving average is C$170.08 and its two-hundred day simple moving average is C$154.16. Canadian National Railway has a 52-week low of C$126.11 and a 52-week high of C$185.25. The company has a debt-to-equity ratio of 103.26, a quick ratio of 0.57 and a current ratio of 0.87. The stock has a market capitalization of C$110.44 billion, a P/E ratio of 24.05, a P/E/G ratio of 3.38 and a beta of 1.18.

Canadian National Railway (TSE:CNR) (NYSE:CNI) last posted its quarterly earnings data on Friday, July 24th. The company reported C$2.08 earnings per share (EPS) for the quarter. The company had revenue of C$4.75 billion for the quarter. Canadian National Railway had a net margin of 26.92% and a return on equity of 22.19%. As a group, analysts predict that Canadian National Railway will post 8.2610275 EPS for the current year.

Insider Buying and Selling

In other news, Director Justin M. Howell bought 350 shares of the company’s stock in a transaction that occurred on Friday, May 15th. The shares were purchased at an average price of C$152.74 per share, for a total transaction of C$53,459.00. Following the completion of the transaction, the director directly owned 350 shares in the company, valued at approximately C$53,459. This represents a ∞ increase in their ownership of the stock. 2.64% of the stock is currently owned by corporate insiders.

Canadian National Railway News Summary

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

• Positive Sentiment: Canadian National Railway’s earnings beat has renewed attention on its valuation and may support the case for further gains. The company most recently reported C$2.08 in quarterly EPS and C$4.75 billion in revenue. Canadian National Railway Earnings Beat Puts Valuation Back In Focus
• Positive Sentiment: Multiple firms raised their price targets, including Barclays to C$185, National Bank Financial to C$192, CIBC to C$198, Raymond James to C$200 and Royal Bank of Canada to C$205. These revisions signal expectations for additional appreciation. Barclays Price Target National Bank Financial Price Target CIBC Price Target Raymond James Price Target Royal Bank of Canada Price Target
• Positive Sentiment: Analysts at JPMorgan, BMO, Scotia, ATB Cormark, Desjardins and TD also forecast strong price appreciation, reinforcing the broader bullish analyst view. JPMorgan Forecast BMO Forecast Scotia Forecast ATB Cormark Forecast Desjardins Forecast TD Forecast
• Neutral Sentiment: Wells Fargo raised its target to C$145, a more cautious level than most peers and below the company’s recent trading range, highlighting continued valuation disagreement. Wells Fargo Price Target
• Negative Sentiment: Public-market insider selling at Canadian National Railway could weigh on sentiment, as investors may interpret insider transactions as a signal to lock in gains after the stock’s strong advance. Public Market Insider Selling at Canadian National Railway

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.