Canadian National Railway (TSE:CNR) Receives C$170.56 Average Price Target from Analysts

Shares of Canadian National Railway (TSE:CNR) (NYSE:CNI) have been assigned an average rating of “Moderate Buy” from the nineteen brokerages that are covering the firm, Marketbeat.com reports. Seven analysts have rated the stock with a hold recommendation, nine have issued a buy recommendation and three have issued a strong buy recommendation on the company. The average 12-month target price among brokerages that have updated their coverage on the stock in the last year is C$170.56.

Several research analysts have recently issued reports on CNR shares. ATB Cormark Capital Markets lifted their price target on Canadian National Railway from C$150.00 to C$166.00 and gave the stock a “sector perform” rating in a research note on Friday, July 10th. Evercore raised shares of Canadian National Railway from a “hold” rating to a “strong-buy” rating in a research note on Thursday, June 25th. Royal Bank Of Canada raised their target price on shares of Canadian National Railway from C$178.00 to C$195.00 and gave the company an “outperform” rating in a report on Wednesday, June 24th. Desjardins lifted their target price on shares of Canadian National Railway from C$163.00 to C$185.00 and gave the stock a “buy” rating in a research report on Thursday, July 9th. Finally, Scotiabank upped their price target on shares of Canadian National Railway from C$162.00 to C$194.00 in a report on Thursday, July 16th.

Canadian National Railway Price Performance

CNR stock opened at C$179.46 on Friday. The firm has a 50 day moving average of C$166.77 and a 200-day moving average of C$152.24. The company has a market cap of C$108.86 billion, a price-to-earnings ratio of 23.64, a PEG ratio of 3.38 and a beta of 1.18. The company has a current ratio of 0.67, a quick ratio of 0.57 and a debt-to-equity ratio of 104.96. Canadian National Railway has a 12-month low of C$126.11 and a 12-month high of C$181.80.

Canadian National Railway (TSE:CNR) (NYSE:CNI) last released its quarterly earnings results 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, equities analysts expect that Canadian National Railway will post 8.2610275 EPS for the current fiscal year.

Insider Buying and Selling at Canadian National Railway

In related news, Director Justin M. Howell acquired 350 shares of the business’s stock in a transaction that occurred on Friday, May 15th. The stock was purchased at an average cost of C$152.74 per share, for a total transaction of C$53,459.00. Following the transaction, the director directly owned 350 shares of the company’s stock, valued at approximately C$53,459. This trade represents a ? increase in their position. 2.64% of the stock is currently owned by company insiders.

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.