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

Canadian National Railway (TSE:CNR) (NYSE:CNI) shares reached a new 52-week high on Tuesday . The stock traded as high as C$167.59 and last traded at C$165.14, with a volume of 2171723 shares. The stock had previously closed at C$163.25.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the stock. Scotiabank increased their price objective on shares of Canadian National Railway from C$155.00 to C$160.00 and gave the stock an “outperform” rating in a research report on Thursday, April 9th. Desjardins increased their target price on shares of Canadian National Railway from C$156.00 to C$163.00 and gave the stock a “buy” rating in a research note on Thursday, April 30th. TD increased their target price on shares of Canadian National Railway from C$164.00 to C$171.00 and gave the stock a “buy” rating in a research note on Monday, April 13th. UBS Group lowered shares of Canadian National Railway from a “strong-buy” rating to a “hold” rating in a research note on Monday, February 2nd. Finally, TD Securities cut their target price on shares of Canadian National Railway from C$166.00 to C$164.00 and set a “buy” rating on the stock in a research note on Monday, February 2nd. Two investment analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating and six have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of C$158.00.

Canadian National Railway Price Performance

The stock has a market capitalization of C$100.17 billion, a P/E ratio of 21.76, a price-to-earnings-growth ratio of 3.38 and a beta of 1.15. The business’s 50 day simple moving average is C$151.40 and its two-hundred day simple moving average is C$143.22. The company has a quick ratio of 0.58, a current ratio of 0.67 and a debt-to-equity ratio of 104.96.

Canadian National Railway (TSE:CNR) (NYSE:CNI) last released its quarterly earnings data on Wednesday, April 29th. The company reported C$1.80 earnings per share for the quarter. Canadian National Railway had a net margin of 27.23% and a return on equity of 21.93%. The firm had revenue of C$4.38 billion for the quarter. As a group, sell-side analysts forecast that Canadian National Railway will post 8.2610275 earnings per share for the current fiscal year.

Insider Buying and Selling at Canadian National Railway

In other news, Director Justin M. Howell bought 350 shares of the stock in a transaction dated Friday, May 15th. The stock was bought at an average price of C$152.74 per share, for a total transaction of C$53,459.00. Following the completion of the acquisition, the director directly owned 350 shares in the company, valued at approximately C$53,459. This trade represents a ∞ increase in their position. Also, Director Albert Monaco bought 7,400 shares of the stock in a transaction dated Friday, March 20th. The stock was purchased at an average price of C$135.68 per share, with a total value of C$1,004,032.00. Following the acquisition, the director owned 7,400 shares of the company’s stock, valued at C$1,004,032. The trade was a ∞ increase in their ownership of the stock. Over the last three months, insiders have acquired 8,370 shares of company stock valued at $1,144,954. Corporate insiders own 2.64% of the company’s stock.

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.