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

Canadian National Railway (TSE:CNR) (NYSE:CNI) had its price objective increased by stock analysts at Barclays from C$155.00 to C$185.00 in a research note issued on Monday,BayStreet.CA reports. The firm presently has an “equal weight” rating on the stock. Barclays‘s price target would suggest a potential upside of 1.60% from the company’s current price.

A number of other equities analysts also recently commented on CNR. Desjardins raised their price objective on shares of Canadian National Railway from C$163.00 to C$185.00 and gave the stock a “buy” rating in a report on Thursday, July 9th. BMO Capital Markets increased their price target on shares of Canadian National Railway from C$180.00 to C$195.00 in a research report on Monday. Scotia raised their price target on shares of Canadian National Railway from C$160.00 to C$162.00 and gave the stock a “sector outperform” rating in a research note on Thursday, April 30th. TD raised their price target on shares of Canadian National Railway from C$191.00 to C$205.00 and gave the stock a “buy” rating in a research note on Monday. Finally, ATB Cormark Capital Markets lifted their price objective on Canadian National Railway from C$150.00 to C$166.00 and gave the company a “sector perform” rating in a report on Friday, July 10th. Three research analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating and eight have issued a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of C$183.29.

Canadian National Railway Stock Performance

Shares of CNR traded down C$0.82 on Monday, reaching C$182.09. 676,090 shares of the stock traded hands, compared to its average volume of 1,685,911. The firm has a market cap of C$110.46 billion, a price-to-earnings ratio of 23.99, a P/E/G ratio of 3.38 and a beta of 1.18. The company has a debt-to-equity ratio of 103.26, a current ratio of 0.87 and a quick ratio of 0.57. Canadian National Railway has a 12 month low of C$126.11 and a 12 month high of C$185.25. The stock’s 50-day moving average price is C$168.47 and its 200-day moving average price is C$153.20.

Canadian National Railway (TSE:CNR) (NYSE:CNI) last issued its earnings results on Friday, July 24th. The company reported C$2.08 EPS for the quarter. Canadian National Railway had a return on equity of 22.19% and a net margin of 26.92%.The firm had revenue of C$4.75 billion during the quarter. Equities analysts forecast that Canadian National Railway will post 8.2610275 EPS for the current fiscal year.

Insider Buying and Selling

In other Canadian National Railway news, Director Justin M. Howell purchased 350 shares of the company’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, with a total value of C$53,459.00. Following the acquisition, 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.