Canadian National Railway (TSE:CNR) Hits New 1-Year High Following Analyst Upgrade

Shares of Canadian National Railway (TSE:CNR) (NYSE:CNI) hit a new 52-week high during trading on Tuesday after Raymond James Financial raised their price target on the stock from C$170.00 to C$198.00. Raymond James Financial currently has an outperform rating on the stock. Canadian National Railway traded as high as C$178.40 and last traded at C$177.53, with a volume of 1162572 shares. The stock had previously closed at C$176.19.

Other equities research analysts have also recently issued reports about the stock. Scotia raised their target price on shares of Canadian National Railway from C$160.00 to C$162.00 and gave the stock a “sector outperform” rating in a research report on Thursday, April 30th. Royal Bank Of Canada boosted their price target on shares of Canadian National Railway from C$178.00 to C$195.00 and gave the company an “outperform” rating in a research report on Wednesday, June 24th. Desjardins increased their price target on shares of Canadian National Railway from C$163.00 to C$185.00 and gave the stock a “buy” rating in a research note on Thursday, July 9th. Sanford C. Bernstein raised their price objective on shares of Canadian National Railway from C$156.00 to C$163.00 in a report on Tuesday, March 31st. Finally, JPMorgan Chase & Co. increased their target price on Canadian National Railway from C$156.00 to C$175.00 in a research report on Friday, July 10th. Three investment analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating and six have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Canadian National Railway currently has an average rating of “Moderate Buy” and an average target price of C$166.38.

Insider Activity

In other Canadian National Railway news, Director Justin M. Howell purchased 350 shares of the firm’s stock in a transaction that occurred on Friday, May 15th. The stock was bought at an average cost of C$152.74 per share, for a total transaction of C$53,459.00. Following the purchase, the director directly owned 350 shares in the company, valued at C$53,459. The trade was a ∞ increase in their ownership of the stock. 2.64% of the stock is currently owned by insiders.

Canadian National Railway Stock Down 0.8%

The stock’s 50 day simple moving average is C$164.57 and its two-hundred day simple moving average is C$151.00. The firm has a market cap of C$105.71 billion, a P/E ratio of 22.96, a P/E/G ratio of 3.38 and a beta of 1.18. The company has a debt-to-equity ratio of 104.96, a current ratio of 0.67 and a quick ratio of 0.57.

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

About Canadian National Railway

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.