Canadian National Railway (TSE:CNR) Sets New 52-Week High – Should You Buy?

Canadian National Railway (TSE:CNR) (NYSE:CNI) shares reached a new 52-week high on Monday . The stock traded as high as C$181.80 and last traded at C$180.36, with a volume of 58232 shares traded. The stock had previously closed at C$180.94.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on the company. Stephens upgraded Canadian National Railway to a “hold” rating in a research report on Wednesday, July 8th. Scotia lifted their price objective on shares of 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. Citizens Jmp raised shares of Canadian National Railway to a “hold” rating in a research report on Wednesday, July 15th. JPMorgan Chase & Co. increased their price target on Canadian National Railway from C$156.00 to C$175.00 in a research report on Friday, July 10th. Finally, Raymond James Financial increased their price target on shares of Canadian National Railway from C$170.00 to C$198.00 and gave the company an “outperform” rating in a research note on Tuesday, July 14th. Three equities research analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating and seven have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of C$170.56.

Canadian National Railway Price Performance

The company’s 50 day moving average is C$165.71 and its 200 day moving average is C$151.63. The firm has a market capitalization of C$109.09 billion, a price-to-earnings ratio of 23.69, a P/E/G ratio of 3.38 and a beta of 1.18. 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 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 net margin of 27.23% and a return on equity of 21.93%. The company had revenue of C$4.38 billion during the quarter. On average, 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 Justin M. Howell bought 350 shares of the company’s stock in a transaction dated Friday, May 15th. The stock was bought at an average cost of C$152.74 per share, for a total transaction of C$53,459.00. Following the transaction, the director owned 350 shares of the company’s stock, valued at C$53,459. This represents a ? increase in their ownership of the stock. 2.64% of the stock is currently owned by corporate insiders.

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.