Canadian National Railway (TSE:CNR) Sets New 52-Week High – Should You Buy?

Canadian National Railway (TSE:CNR) (NYSE:CNI) shares reached a new 52-week high on Thursday . The company traded as high as C$172.76 and last traded at C$172.76, with a volume of 338983 shares changing hands. The stock had previously closed at C$169.25.

Analyst Ratings Changes

A number of research firms have commented on CNR. Raymond James Financial lifted 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. 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 note on Thursday, April 30th. TD lifted 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 report on Monday, April 13th. ATB Cormark Capital Markets upped their price target on shares of Canadian National Railway from C$146.00 to C$150.00 and gave the company a “sector perform” rating in a research note on Friday, April 17th. Finally, JPMorgan Chase & Co. increased their price target on shares of Canadian National Railway from C$147.00 to C$153.00 in a report on Tuesday, April 7th. Three research analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of C$159.62.

Canadian National Railway Stock Up 1.6%

The stock has a fifty day moving average price of C$160.28 and a two-hundred day moving average price of C$148.22. The company has a market cap of C$104.29 billion, a price-to-earnings ratio of 22.65, a P/E/G ratio of 3.38 and a beta of 1.21. The company has a quick ratio of 0.57, 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 results on Wednesday, April 29th. The company reported C$1.80 EPS for the quarter. Canadian National Railway had a net margin of 27.23% and a return on equity of 21.93%. The business had revenue of C$4.38 billion for the quarter. As a group, sell-side analysts expect that Canadian National Railway will post 8.2610275 EPS for the current year.

Insider Activity at Canadian National Railway

In other Canadian National Railway news, Director Justin M. Howell purchased 350 shares of the company’s stock in a transaction dated 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 completion of the transaction, the director owned 350 shares in the company, valued at approximately C$53,459. This represents a ∞ increase in their ownership of the stock. 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.