Canadian National Railway (TSE:CNR) Price Target Raised to C$195.00 at Desjardins

Canadian National Railway (TSE:CNR) (NYSE:CNI) had its price objective lifted by investment analysts at Desjardins from C$189.00 to C$195.00 in a note issued to investors on Friday, BayStreet.CA reports. The brokerage presently has a “buy” rating on the stock. Desjardins’ price objective would indicate a potential upside of 10.28% from the company’s previous close.

A number of other research analysts have also weighed in on the stock. TD Securities raised their target price on shares of Canadian National Railway from C$180.00 to C$185.00 and gave the stock a “hold” rating in a research note on Wednesday, January 24th. National Bankshares raised their target price on shares of Canadian National Railway from C$172.00 to C$190.00 in a research note on Thursday, April 4th. Barclays raised their target price on shares of Canadian National Railway from C$170.00 to C$175.00 in a research note on Thursday, April 4th. Sanford C. Bernstein raised their target price on shares of Canadian National Railway from C$187.00 to C$191.00 and gave the stock an “outperform” rating in a research note on Monday, February 5th. Finally, JPMorgan Chase & Co. raised their target price on shares of Canadian National Railway from C$158.00 to C$164.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 24th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Canadian National Railway has an average rating of “Hold” and an average target price of C$182.71.

Canadian National Railway Price Performance

Shares of CNR stock traded down C$0.29 during mid-day trading on Friday, hitting C$176.83. 354,156 shares of the stock were exchanged, compared to its average volume of 954,003. The company has a market cap of C$113.21 billion, a PE ratio of 20.64, a price-to-earnings-growth ratio of 2.06 and a beta of 0.66. Canadian National Railway has a 52-week low of C$143.13 and a 52-week high of C$181.34. The firm has a fifty day moving average of C$175.54 and a 200 day moving average of C$163.71. The company has a quick ratio of 0.58, a current ratio of 0.61 and a debt-to-equity ratio of 93.89.

Canadian National Railway (TSE:CNR) (NYSE:CNI) last posted its quarterly earnings data on Tuesday, January 23rd. The company reported C$2.02 earnings per share (EPS) for the quarter, topping the consensus estimate of C$1.96 by C$0.06. Canadian National Railway had a return on equity of 27.11% and a net margin of 33.43%. The company had revenue of C$4.47 billion for the quarter, compared to analysts’ expectations of C$4.38 billion. Research analysts anticipate that Canadian National Railway will post 8.0824553 earnings per share for the current year.

Insiders Place Their Bets

In other Canadian National Railway news, Director Shauneen Elizabeth Bruder purchased 488 shares of the company’s stock in a transaction on Tuesday, March 26th. The stock was acquired at an average price of C$177.40 per share, for a total transaction of C$86,571.20. In related news, Senior Officer Derek Michael Taylor sold 2,610 shares of the business’s stock in a transaction on Monday, February 26th. The shares were sold at an average price of C$131.26, for a total transaction of C$342,577.38. Also, Director Shauneen Elizabeth Bruder acquired 488 shares of the firm’s stock in a transaction on Tuesday, March 26th. The stock was bought at an average price of C$177.40 per share, with a total value of C$86,571.20. Insiders own 1.67% of the company’s stock.

About Canadian National Railway

Canadian National Railway Company, together with its subsidiaries, engages in the rail, intermodal, trucking, and marine transportation and logistics business in Canada and the United States. The company provides rail services, which include equipment, custom brokerage services, transloading and distribution, business development and real estate, and private car storage services; and intermodal services, such as temperature controlled cargo, port partnerships, and logistics parks.