Desjardins Analysts Give Canadian National Railway (TSE:CNR) a C$156.00 Price Target

Desjardins set a C$156.00 price target on Canadian National Railway (TSE:CNR) (NYSE:CNI) in a research report report published on Tuesday,BayStreet.CA reports. The brokerage currently has a buy rating on the stock.

A number of other equities research analysts have also issued reports on the stock. National Bank Financial reduced their target price on shares of Canadian National Railway from C$150.00 to C$147.00 and set a “sector perform” rating on the stock in a report on Monday, February 2nd. Canadian Imperial Bank of Commerce upped their price objective on Canadian National Railway from C$151.00 to C$154.00 in a research report on Thursday, January 8th. BMO Capital Markets increased their price objective on Canadian National Railway from C$158.00 to C$169.00 in a research note on Thursday, February 19th. ATB Cormark Capital Markets decreased their target price on Canadian National Railway from C$153.00 to C$146.00 and set a “sector perform” rating for the company in a report on Monday, February 2nd. Finally, TD Securities lowered their target price on Canadian National Railway from C$166.00 to C$164.00 and set a “buy” rating for the company in a research note on Monday, February 2nd. Three research analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating and seven have given a Hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of C$153.60.

Canadian National Railway Stock Up 1.1%

Shares of TSE:CNR opened at C$144.93 on Tuesday. The firm has a market capitalization of C$88.61 billion, a PE ratio of 19.15, a price-to-earnings-growth ratio of 3.38 and a beta of 1.13. Canadian National Railway has a 1 year low of C$126.11 and a 1 year high of C$154.63. The company has a debt-to-equity ratio of 101.25, a current ratio of 0.67 and a quick ratio of 0.58. The firm’s 50-day moving average is C$142.89 and its two-hundred day moving average is C$137.05.

Canadian National Railway (TSE:CNR) (NYSE:CNI) last posted its quarterly earnings data on Friday, January 30th. The company reported C$2.08 EPS for the quarter. The business had revenue of C$4.46 billion during the quarter. Canadian National Railway had a net margin of 27.28% and a return on equity of 21.95%. Analysts predict that Canadian National Railway will post 8.2610275 EPS for the current year.

Insider Buying and Selling at Canadian National Railway

In other news, Director Shauneen Elizabeth Bruder acquired 620 shares of Canadian National Railway stock in a transaction dated Thursday, March 26th. The shares were acquired at an average cost of C$141.07 per share, for a total transaction of C$87,463.40. Following the acquisition, the director owned 19,071 shares of the company’s stock, valued at C$2,690,345.97. This trade represents a 3.36% increase in their ownership of the stock. 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.