Canadian National Railway (TSE:CNR) Price Target Raised to C$190.00 at Raymond James

Canadian National Railway (TSE:CNR) (NYSE:CNI) had its price objective lifted by Raymond James from C$185.00 to C$190.00 in a research report released on Monday, BayStreet.CA reports. The firm currently has an outperform rating on the stock. Raymond James also issued estimates for Canadian National Railway’s Q1 2024 earnings at $1.73 EPS, Q2 2024 earnings at $1.99 EPS, Q4 2024 earnings at $2.25 EPS and FY2025 earnings at $8.25 EPS.

A number of other equities analysts have also recently issued reports on CNR. Scotiabank upped their target price on Canadian National Railway from C$173.00 to C$184.00 and gave the stock a sector perform rating in a report on Monday, March 25th. BMO Capital Markets upped their target price on Canadian National Railway from C$185.00 to C$195.00 in a report on Monday, April 1st. Royal Bank of Canada upped their target price on Canadian National Railway from C$164.00 to C$171.00 in a report on Monday, April 1st. Sanford C. Bernstein upped their target price on Canadian National Railway from C$191.00 to C$195.00 and gave the stock an outperform rating in a report on Monday, April 15th. Finally, CIBC increased their price target on Canadian National Railway from C$177.00 to C$183.00 and gave the company a neutral rating in a research note on Wednesday, March 27th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and four have issued a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of Hold and a consensus target price of C$184.50.

Canadian National Railway Price Performance

Shares of CNR stock opened at C$168.35 on Monday. Canadian National Railway has a twelve month low of C$143.13 and a twelve month high of C$181.34. The business has a fifty day simple moving average of C$176.07 and a 200 day simple moving average of C$165.60. The company has a quick ratio of 0.58, a current ratio of 0.61 and a debt-to-equity ratio of 93.89. The company has a market cap of C$107.78 billion, a P/E ratio of 19.74, a P/E/G ratio of 2.06 and a beta of 0.65.

Canadian National Railway (TSE:CNR) (NYSE:CNI) last issued its earnings results on Tuesday, January 23rd. The company reported C$2.02 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 business had revenue of C$4.47 billion during the quarter, compared to analysts’ expectations of C$4.38 billion. On average, sell-side analysts forecast that Canadian National Railway will post 8.0140399 EPS for the current fiscal year.

Insider Buying and Selling

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

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.