Analysts Set Canadian National Railway (TSE:CNR) Price Target at C$154.00

Shares of Canadian National Railway (TSE:CNR) (NYSE:CNI) have received a consensus rating of “Moderate Buy” from the seventeen research firms that are currently covering the stock, MarketBeat Ratings reports. Seven investment analysts have rated the stock with a hold rating, seven have issued a buy rating and three have issued a strong buy rating on the company. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is C$155.38.

A number of brokerages recently weighed in on CNR. JPMorgan Chase & Co. boosted their price objective on shares of Canadian National Railway from C$147.00 to C$153.00 in a report on Tuesday, April 7th. BMO Capital Markets boosted their price objective on shares of Canadian National Railway from C$158.00 to C$169.00 in a report on Thursday, February 19th. Desjardins set a C$156.00 price objective on shares of Canadian National Railway and gave the stock a “buy” rating in a report on Tuesday, March 31st. National Bank Financial decreased their price objective on shares of Canadian National Railway from C$150.00 to C$147.00 and set a “sector perform” rating for the company in a report on Monday, February 2nd. Finally, Scotiabank boosted their price objective on shares of Canadian National Railway from C$155.00 to C$160.00 and gave the stock an “outperform” rating in a report on Thursday, April 9th.

Canadian National Railway Stock Performance

Shares of CNR opened at C$154.21 on Wednesday. The company has a quick ratio of 0.58, a current ratio of 0.67 and a debt-to-equity ratio of 101.25. The business’s 50 day moving average price is C$145.40 and its 200-day moving average price is C$138.32. Canadian National Railway has a 52 week low of C$126.11 and a 52 week high of C$154.63. The stock has a market cap of C$94.28 billion, a P/E ratio of 20.37, a P/E/G ratio of 3.38 and a beta of 1.08.

Canadian National Railway (TSE:CNR) (NYSE:CNI) last issued its quarterly earnings results on Friday, January 30th. The company reported C$2.08 EPS for the quarter. Canadian National Railway had a return on equity of 21.95% and a net margin of 27.28%.The firm had revenue of C$4.46 billion for the quarter. Equities research analysts anticipate that Canadian National Railway will post 8.2610275 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, Director Shauneen Elizabeth Bruder acquired 620 shares of the firm’s stock in a transaction that occurred on Thursday, March 26th. The stock was bought at an average cost of C$141.07 per share, for a total transaction of C$87,463.40. Following the acquisition, the director directly owned 19,071 shares in the company, valued at approximately C$2,690,345.97. The trade was a 3.36% increase in their ownership of the stock. Also, Director Albert Monaco acquired 7,400 shares of the firm’s stock in a transaction that occurred on Friday, March 20th. The stock was purchased at an average price of C$135.68 per share, with a total value of C$1,004,032.00. Following the completion of the acquisition, the director owned 7,400 shares in the company, valued at C$1,004,032. The trade was a ? increase in their ownership of the stock. 2.64% of the stock is owned by 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.