Canadian National Railway (TSE:CNR) Price Target Raised to C$198.00

Canadian National Railway (TSE:CNR) (NYSE:CNI) had its target price boosted by Canadian Imperial Bank of Commerce from C$185.00 to C$198.00 in a research note issued to investors on Monday morning,BayStreet.CA reports.

Several other research analysts also recently issued reports on the stock. Scotia raised their price objective on shares of Canadian National Railway from C$160.00 to C$162.00 and gave the stock a “sector outperform” rating in a research report on Thursday, April 30th. ATB Cormark Capital Markets upped their target price on shares of Canadian National Railway from C$150.00 to C$166.00 and gave the company a “sector perform” rating in a report on Friday, July 10th. Raymond James Financial increased their target price on shares of Canadian National Railway from C$170.00 to C$198.00 and gave the stock an “outperform” rating in a research note on Tuesday, July 14th. Scotiabank raised their price target on Canadian National Railway from C$162.00 to C$194.00 in a report on Thursday, July 16th. Finally, Royal Bank Of Canada boosted their price target on Canadian National Railway from C$178.00 to C$195.00 and gave the company an “outperform” rating in a research report on Wednesday, June 24th. Three 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 company has an average rating of “Moderate Buy” and a consensus target price of C$183.29.

Canadian National Railway Stock Down 0.2%

Shares of TSE CNR opened at C$182.57 on Monday. The stock has a market cap of C$110.44 billion, a PE ratio of 24.05, a price-to-earnings-growth ratio of 3.38 and a beta of 1.18. Canadian National Railway has a 52-week low of C$126.11 and a 52-week high of C$185.25. The business has a 50-day moving average price of C$170.08 and a 200 day moving average price of C$154.16. 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 announced its earnings results on Friday, July 24th. The company reported C$2.08 earnings per share (EPS) for the quarter. The business had revenue of C$4.75 billion for the quarter. Canadian National Railway had a net margin of 26.92% and a return on equity of 22.19%. Equities research analysts forecast that Canadian National Railway will post 8.2610275 earnings per share for the current year.

Insider Transactions at Canadian National Railway

In other news, Director Justin M. Howell acquired 350 shares of the company’s stock in a transaction on Friday, May 15th. The shares were bought at an average cost of C$152.74 per share, with a total value of C$53,459.00. Following the purchase, the director owned 350 shares of the company’s stock, valued at C$53,459. This represents 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.