Desjardins Forecasts Strong Price Appreciation for Canadian National Railway (TSE:CNR) Stock

Canadian National Railway (TSE:CNR) (NYSE:CNI) had its target price boosted by Desjardins from C$163.00 to C$185.00 in a research report issued on Thursday,BayStreet.CA reports. The brokerage presently has a “buy” rating on the stock. Desjardins’ target price would indicate a potential upside of 4.76% from the company’s current price.

Several other equities research analysts have also commented on CNR. Royal Bank Of Canada upped their price target on Canadian National Railway from C$178.00 to C$195.00 and gave the stock an “outperform” rating in a research note on Wednesday, June 24th. TD increased their price target on Canadian National Railway from C$164.00 to C$171.00 and gave the company a “buy” rating in a report on Monday, April 13th. National Bank Financial increased their price objective on shares of Canadian National Railway from C$164.00 to C$173.00 and gave the company a “sector perform” rating in a research note on Friday, June 26th. Scotiabank lifted their target price on Canadian National Railway from C$155.00 to C$160.00 and gave the stock an “outperform” rating in a research report on Thursday, April 9th. Finally, Sanford C. Bernstein boosted their price objective on shares of Canadian National Railway from C$156.00 to C$163.00 in a research report on Tuesday, March 31st. Three investment 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 MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of C$161.00.

Canadian National Railway Trading Up 1.6%

TSE CNR traded up C$2.78 during mid-day trading on Thursday, reaching C$176.60. 469,436 shares of the stock were exchanged, compared to its average volume of 1,732,327. The stock has a market capitalization of C$107.13 billion, a PE ratio of 23.27, a PEG ratio of 3.38 and a beta of 1.18. The company has a debt-to-equity ratio of 104.96, a quick ratio of 0.57 and a current ratio of 0.67. Canadian National Railway has a 1-year low of C$126.11 and a 1-year high of C$176.92. The business’s fifty day simple moving average is C$162.19 and its 200 day simple moving average is C$149.56.

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

Insider Buying and Selling

In related news, Director Justin M. Howell bought 350 shares of the company’s stock in a transaction on Friday, May 15th. The shares were purchased at an average cost of C$152.74 per share, for a total transaction of C$53,459.00. Following the acquisition, the director owned 350 shares of the company’s stock, valued at approximately C$53,459. This represents a ? increase in their position. Company 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.