Canadian National Railway (TSE:CNR) Reaches New 12-Month High – What’s Next?

Canadian National Railway (TSE:CNR) (NYSE:CNI)’s stock price reached a new 52-week high on Wednesday . The stock traded as high as C$158.34 and last traded at C$158.21, with a volume of 285095 shares. The stock had previously closed at C$155.68.

Analyst Upgrades and Downgrades

CNR has been the topic of several recent analyst reports. Royal Bank Of Canada boosted their price target on Canadian National Railway from C$160.00 to C$178.00 and gave the stock an “outperform” rating in a research report on Thursday, April 30th. National Bank Financial boosted their price target on Canadian National Railway from C$147.00 to C$164.00 and gave the stock a “sector perform” rating in a research report on Wednesday, April 15th. Raymond James Financial boosted 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 report on Thursday, April 23rd. Desjardins boosted their price target on Canadian National Railway from C$156.00 to C$163.00 and gave the stock a “buy” rating in a research report on Thursday, April 30th. Finally, UBS Group lowered Canadian National Railway from a “strong-buy” rating to a “hold” rating in a report on Monday, February 2nd. Two research analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating and six have issued a Hold rating to the company. According to MarketBeat.com, Canadian National Railway currently has a consensus rating of “Moderate Buy” and a consensus target price of C$158.00.

Canadian National Railway Trading Up 1.8%

The company has a market cap of C$96.12 billion, a price-to-earnings ratio of 20.88, a PEG ratio of 3.38 and a beta of 1.15. The firm has a 50 day moving average price of C$148.01 and a two-hundred day moving average price of C$141.49. The company has a quick ratio of 0.58, a current ratio of 0.67 and a debt-to-equity ratio of 104.96.

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

Insiders Place Their Bets

In other news, Director Justin M. Howell purchased 350 shares of the business’s stock in a transaction on Friday, May 15th. The shares were acquired at an average price of C$152.74 per share, for a total transaction of C$53,459.00. Following the completion of the acquisition, the director owned 350 shares in the company, valued at approximately C$53,459. The trade was a ? increase in their ownership of the stock. Also, Director Shauneen Elizabeth Bruder purchased 620 shares of the business’s stock in a transaction on Thursday, March 26th. The stock was purchased at an average price 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 approximately C$2,690,345.97. This represents a 3.36% increase in their position. Over the last quarter, insiders have bought 8,370 shares of company stock worth $1,144,954. Corporate 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.