Canadian National Railway (TSE:CNR) Price Target Raised to C$199.00

Canadian National Railway (TSE:CNR) (NYSE:CNI) had its target price hoisted by Desjardins from C$185.00 to C$199.00 in a research note published on Monday morning,BayStreet.CA reports. They currently have a buy rating on the stock.

A number of other equities research analysts also recently issued reports on CNR. Barclays increased their price target on Canadian National Railway from C$155.00 to C$185.00 and gave the stock an “equal weight” rating in a research report on Monday. Evercore raised Canadian National Railway from a “hold” rating to a “strong-buy” rating in a report on Thursday, June 25th. Citizens Jmp upgraded Canadian National Railway to a “hold” rating in a research report on Wednesday, July 15th. National Bank Financial increased their target price on Canadian National Railway from C$173.00 to C$192.00 and gave the stock a “sector perform” rating in a report on Monday. Finally, Raymond James Financial raised their price target on Canadian National Railway from C$198.00 to C$200.00 and gave the stock an “outperform” rating in a research report on Monday. Three investment analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating and eight have given a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of C$183.29.

Canadian National Railway Stock Performance

Shares of TSE:CNR opened at C$182.57 on Monday. The company’s 50 day moving average price is C$170.08 and its two-hundred day moving average price is C$154.16. Canadian National Railway has a 12-month low of C$126.11 and a 12-month high of C$185.25. The firm has a market cap of C$110.44 billion, a PE ratio of 24.05, a PEG ratio of 3.38 and a beta of 1.18. The company has a quick ratio of 0.57, a current ratio of 0.87 and a debt-to-equity ratio of 103.26.

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

Insider Activity

In other news, Director Justin M. Howell acquired 350 shares of the firm’s stock in a transaction that occurred on Friday, May 15th. The shares were acquired at an average cost of C$152.74 per share, with a total value of C$53,459.00. Following the completion of the purchase, the director directly owned 350 shares of the company’s stock, valued at C$53,459. The trade was a ? increase in their position. Corporate insiders own 2.64% of the company’s stock.

Canadian National Railway News Summary

Here are the key news stories impacting Canadian National Railway this week:

• Positive Sentiment: Canadian National Railway’s earnings beat has renewed attention on its valuation and may support the case for further gains. The company most recently reported C$2.08 in quarterly EPS and C$4.75 billion in revenue. Canadian National Railway Earnings Beat Puts Valuation Back In Focus
• Positive Sentiment: Multiple firms raised their price targets, including Barclays to C$185, National Bank Financial to C$192, CIBC to C$198, Raymond James to C$200 and Royal Bank of Canada to C$205. These revisions signal expectations for additional appreciation. Barclays Price Target National Bank Financial Price Target CIBC Price Target Raymond James Price Target Royal Bank of Canada Price Target
• Positive Sentiment: Analysts at JPMorgan, BMO, Scotia, ATB Cormark, Desjardins and TD also forecast strong price appreciation, reinforcing the broader bullish analyst view. JPMorgan Forecast BMO Forecast Scotia Forecast ATB Cormark Forecast Desjardins Forecast TD Forecast
• Neutral Sentiment: Wells Fargo raised its target to C$145, a more cautious level than most peers and below the company’s recent trading range, highlighting continued valuation disagreement. Wells Fargo Price Target
• Negative Sentiment: Public-market insider selling at Canadian National Railway could weigh on sentiment, as investors may interpret insider transactions as a signal to lock in gains after the stock’s strong advance. Public Market Insider Selling at Canadian National Railway

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.