Canadian National Railway (TSE:CNR) Stock Price Expected to Rise, Desjardins Analyst Says

Canadian National Railway (TSE:CNR) (NYSE:CNI) had its price objective raised by equities researchers at Desjardins from C$156.00 to C$163.00 in a report issued on Thursday,BayStreet.CA reports. The firm currently has a “buy” rating on the stock. Desjardins’ price target points to a potential upside of 7.10% from the stock’s current price.

CNR has been the topic of a number of other reports. TD Securities cut their price objective on Canadian National Railway from C$166.00 to C$164.00 and set a “buy” rating on the stock in a research note on Monday, February 2nd. Canadian Imperial Bank of Commerce raised their price objective on Canadian National Railway from C$151.00 to C$154.00 in a research note on Thursday, January 8th. TD raised their price objective on Canadian National Railway from C$164.00 to C$171.00 and gave the company a “buy” rating in a research note on Monday, April 13th. UBS Group downgraded Canadian National Railway from a “strong-buy” rating to a “hold” rating in a research note on Monday, February 2nd. Finally, Sanford C. Bernstein raised their price objective on Canadian National Railway from C$156.00 to C$163.00 in a research note on Tuesday, March 31st. Three analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating and six have assigned a Hold rating to the company. Based on data from MarketBeat, Canadian National Railway currently has an average rating of “Moderate Buy” and a consensus target price of C$158.00.

Canadian National Railway Stock Down 0.2%

Shares of CNR stock opened at C$152.19 on Thursday. The stock’s 50 day simple moving average is C$147.55 and its 200 day simple moving average is C$139.88. The company has a debt-to-equity ratio of 104.96, a quick ratio of 0.58 and a current ratio of 0.67. Canadian National Railway has a twelve month low of C$126.11 and a twelve month high of C$158.25. The company has a market capitalization of C$93.05 billion, a price-to-earnings ratio of 20.10, a PEG ratio of 3.38 and a beta of 1.08.

Canadian National Railway (TSE:CNR) (NYSE:CNI) last issued 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. As a group, research analysts predict that Canadian National Railway will post 8.2610275 EPS for the current year.

Insider Activity at Canadian National Railway

In other Canadian National Railway news, Director Albert Monaco purchased 7,400 shares of the company’s stock in a transaction on Friday, March 20th. The shares were bought at an average cost of C$135.68 per share, with a total value of C$1,004,032.00. Following the transaction, the director directly owned 7,400 shares in the company, valued at approximately C$1,004,032. This represents a ? increase in their position. Also, Director Shauneen Elizabeth Bruder purchased 620 shares of the company’s stock in a transaction on Thursday, March 26th. The stock was acquired at an average cost of C$141.07 per share, for a total transaction of C$87,463.40. Following the completion of the transaction, the director owned 19,071 shares in the company, valued at approximately 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.

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.