Canadian National Railway (TSE:CNR) Reaches New 1-Year High – Should You Buy?

Canadian National Railway (TSE:CNR) (NYSE:CNI)’s share price hit a new 52-week high on Thursday . The stock traded as high as C$172.76 and last traded at C$172.76, with a volume of 338983 shares. The stock had previously closed at C$169.25.

Analyst Ratings Changes

A number of research firms recently weighed in on CNR. Scotia increased their price objective on Canadian National Railway from C$160.00 to C$162.00 and gave the company a “sector outperform” rating in a report on Thursday, April 30th. JPMorgan Chase & Co. lifted their target price on Canadian National Railway from C$147.00 to C$153.00 in a report on Tuesday, April 7th. National Bank Financial upped their price target on Canadian National Railway from C$164.00 to C$173.00 and gave the company a “sector perform” rating in a research report on Friday, June 26th. 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 research note on Monday, April 13th. Finally, Evercore upgraded Canadian National Railway from a “hold” rating to a “strong-buy” rating in a research report on Thursday, June 25th. Three investment analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of C$159.62.

Canadian National Railway Stock Performance

The firm has a market capitalization of C$104.60 billion, a P/E ratio of 22.72, a price-to-earnings-growth ratio of 3.38 and a beta of 1.21. The company’s 50 day moving average is C$161.16 and its 200-day moving average is C$148.66. The company has a quick ratio of 0.57, a current ratio of 0.67 and a debt-to-equity ratio of 104.96.

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

Insiders Place Their Bets

In other news, Director Justin M. Howell purchased 350 shares of the business’s stock in a transaction on Friday, May 15th. The shares were acquired at an average price of C$152.74 per share, for a total transaction of C$53,459.00. Following the completion of the acquisition, the director owned 350 shares in the company, valued at approximately C$53,459. The trade was a ? increase in their ownership of the stock. Company insiders own 2.64% of the company’s stock.

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.