Canadian National Railway (TSE:CNR) Reaches New 12-Month High After Analyst Upgrade

Canadian National Railway (TSE:CNR) (NYSE:CNI)’s share price hit a new 52-week high during mid-day trading on Thursday after Royal Bank Of Canada raised their price target on the stock from C$178.00 to C$195.00. Royal Bank Of Canada currently has an outperform rating on the stock. Canadian National Railway traded as high as C$171.10 and last traded at C$170.66, with a volume of 377571 shares traded. The stock had previously closed at C$165.00.

CNR has been the topic of a number of other reports. ATB Cormark Capital Markets lifted their price objective on shares of Canadian National Railway from C$146.00 to C$150.00 and gave the stock a “sector perform” rating in a report on Friday, April 17th. Scotiabank raised their price target on shares of Canadian National Railway from C$155.00 to C$160.00 and gave the company an “outperform” rating in a research report on Thursday, April 9th. Desjardins boosted their price target on shares of Canadian National Railway from C$156.00 to C$163.00 and gave the stock a “buy” rating in a report on Thursday, April 30th. Raymond James Financial upped their price objective on shares of Canadian National Railway from C$162.00 to C$170.00 and gave the stock an “outperform” rating in a research report on Thursday, April 23rd. Finally, TD increased their price objective on shares of Canadian National Railway from C$164.00 to C$171.00 and gave the company a “buy” rating in a research note on Monday, April 13th. Two investment analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating and six have given a Hold rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of C$159.06.

Insider Transactions at Canadian National Railway

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

Canadian National Railway Stock Performance

The company’s 50-day moving average is C$158.40 and its two-hundred day moving average is C$147.00. The company has a quick ratio of 0.57, a current ratio of 0.67 and a debt-to-equity ratio of 104.96. The company has a market cap of C$103.52 billion, a P/E ratio of 22.48, a price-to-earnings-growth ratio of 3.38 and a beta of 1.21.

Canadian National Railway (TSE:CNR) (NYSE:CNI) last announced its quarterly earnings data on Wednesday, April 29th. The company reported C$1.80 EPS for the quarter. The business had revenue of C$4.38 billion for the quarter. Canadian National Railway had a net margin of 27.23% and a return on equity of 21.93%. Equities analysts predict that Canadian National Railway will post 8.2610275 EPS 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.