Canadian National Railway (TSE:CNR) Sets New 12-Month High – Time to Buy?

Canadian National Railway (TSE:CNR) (NYSE:CNI) shares hit a new 52-week high during mid-day trading on Monday . The stock traded as high as C$153.92 and last traded at C$153.61, with a volume of 176487 shares changing hands. The stock had previously closed at C$153.07.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on the stock. UBS Group lowered shares of Canadian National Railway from a “strong-buy” rating to a “hold” rating in a report on Monday, February 2nd. Citigroup lifted their target price on Canadian National Railway from C$119.00 to C$120.00 and gave the company a “buy” rating in a research report on Monday, November 3rd. ATB Cormark Capital Markets decreased their price target on shares of Canadian National Railway from C$153.00 to C$146.00 and set a “sector perform” rating for the company in a research note on Monday, February 2nd. National Bank Financial decreased their target price on shares of Canadian National Railway from C$150.00 to C$147.00 and set a “sector perform” rating for the company in a research report on Monday, February 2nd. Finally, Scotiabank dropped their price objective on shares of Canadian National Railway from C$163.00 to C$155.00 and set an “outperform” rating on the stock in a research report on Monday, February 2nd. Three research analysts have rated the stock with a Strong Buy rating, six have given a Buy rating and seven have issued a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of C$152.00.

Canadian National Railway Stock Up 0.3%

The firm has a 50-day simple moving average of C$139.62 and a 200 day simple moving average of C$135.10. The stock has a market capitalization of C$93.86 billion, a P/E ratio of 20.28, a P/E/G ratio of 3.38 and a beta of 0.85. The company has a debt-to-equity ratio of 107.59, a current ratio of 0.64 and a quick ratio of 0.58.

Canadian National Railway (TSE:CNR) (NYSE:CNI) last released its quarterly earnings results on Friday, January 30th. The company reported C$2.08 earnings per share (EPS) for the quarter. The firm had revenue of C$4.46 billion during the quarter. Canadian National Railway had a net margin of 31.20% and a return on equity of 27.10%. On average, equities research analysts forecast that Canadian National Railway will post 8.2610275 EPS for the current year.

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.