JPMorgan Chase & Co. Raises Canadian National Railway (TSE:CNR) Price Target to C$109.00

Canadian National Railway (TSE:CNR) (NYSE:CNI) had its price target upped by analysts at JPMorgan Chase & Co. from C$103.00 to C$109.00 in a report issued on Thursday, January 11th. JPMorgan Chase & Co.’s price target points to a potential upside of 11.82% from the company’s previous close.

A number of other brokerages have also weighed in on CNR. Royal Bank of Canada lowered their price objective on Canadian National Railway from C$114.00 to C$113.00 and set an “outperform” rating for the company in a research note on Wednesday, October 25th. Scotiabank lowered their price objective on Canadian National Railway from C$115.00 to C$113.00 and set an “outperform” rating for the company in a research note on Wednesday, October 25th. National Bank Financial raised their price objective on Canadian National Railway from C$105.00 to C$108.00 and gave the company a “sector perform” rating in a research note on Wednesday, October 25th. BMO Capital Markets restated an “outperform” rating and set a C$111.00 price objective on shares of Canadian National Railway in a research note on Wednesday, October 25th. Finally, CIBC raised their price objective on Canadian National Railway from C$110.00 to C$116.00 in a research note on Thursday, January 4th. Two investment analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus price target of C$110.20.

Canadian National Railway (TSE:CNR) traded down C$0.40 during mid-day trading on Thursday, hitting C$97.48. The stock had a trading volume of 1,416,000 shares, compared to its average volume of 1,320,000. Canadian National Railway has a fifty-two week low of C$89.29 and a fifty-two week high of C$108.64. The firm has a market capitalization of $72,590.00, a price-to-earnings ratio of 13.41 and a beta of 0.61.

Canadian National Railway (TSE:CNR) (NYSE:CNI) last issued its quarterly earnings data on Tuesday, January 23rd. The company reported C$1.20 earnings per share for the quarter, missing analysts’ consensus estimates of C$1.23 by C($0.03). Canadian National Railway had a net margin of 29.74% and a return on equity of 25.50%. The business had revenue of C$3.29 billion for the quarter, compared to analyst estimates of C$3.29 billion.

In related news, insider Sean Finn sold 15,425 shares of the firm’s stock in a transaction that occurred on Monday, January 29th. The stock was sold at an average price of C$98.21, for a total value of C$1,514,889.25. Also, insider Jean-Jacques Ruest sold 14,736 shares of the firm’s stock in a transaction that occurred on Friday, December 15th. The stock was sold at an average price of C$103.87, for a total value of C$1,530,628.32.

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Canadian National Railway Company Profile

Canadian National Railway Company is engaged in the rail and related transportation business. The Company’s network of approximately 20,000 route miles of track spans Canada and mid-America, connecting approximately three coasts, including the Atlantic, the Pacific and the Gulf of Mexico and serving the cities and ports of Vancouver, Prince Rupert (British Columbia), Montreal, Halifax, New Orleans, and Mobile (Alabama), and the metropolitan areas of Toronto, Edmonton, Winnipeg, Calgary, Chicago, Memphis, Detroit, Duluth (Minnesota)/Superior (Wisconsin), and Jackson (Mississippi), with connections to all points in North America.

Analyst Recommendations for Canadian National Railway (TSE:CNR)

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