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

Canadian National Railway (TSE:CNR) (NYSE:CNI) had its price objective hoisted by research analysts at Raymond James Financial from C$198.00 to C$200.00 in a research report issued on Monday,BayStreet.CA reports. The brokerage presently has an “outperform” rating on the stock. Raymond James Financial’s target price would suggest a potential upside of 9.84% from the company’s previous close.

Several other research analysts have also recently issued reports on the stock. Scotiabank lifted their target price on shares of Canadian National Railway from C$162.00 to C$194.00 in a report on Thursday, July 16th. BMO Capital Markets raised their price target on shares of Canadian National Railway from C$180.00 to C$195.00 in a research report on Monday. ATB Cormark Capital Markets boosted their price objective on shares of Canadian National Railway from C$166.00 to C$185.00 and gave the stock a “sector perform” rating in a report on Monday. Citizens Jmp upgraded Canadian National Railway to a “hold” rating in a research note on Wednesday, July 15th. Finally, TD lifted their target price on Canadian National Railway from C$191.00 to C$205.00 and gave the stock a “buy” rating in a report on Monday. Three investment analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating and eight have issued a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of C$183.29.

Canadian National Railway Stock Down 0.4%

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

Canadian National Railway (TSE:CNR) (NYSE:CNI) last announced its quarterly earnings results on Friday, July 24th. The company reported C$2.08 earnings per share (EPS) 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 for the quarter. As a group, equities analysts forecast that Canadian National Railway will post 8.2610275 earnings per share for the current fiscal year.

Insider Activity at Canadian National Railway

In related news, Director Justin M. Howell acquired 350 shares of the firm’s stock in a transaction dated 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 completion of 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 ownership of the stock. 2.64% of the stock is owned by corporate 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.