Canadian National Railway (TSE:CNR) Sets New 52-Week High After Analyst Upgrade

Shares of Canadian National Railway (TSE:CNR) (NYSE:CNI) reached a new 52-week high during trading on Wednesday after Desjardins raised their price target on the stock from C$163.00 to C$185.00. Desjardins currently has a buy rating on the stock. Canadian National Railway traded as high as C$174.57 and last traded at C$174.34, with a volume of 1156384 shares changing hands. The stock had previously closed at C$172.65.

Other analysts have also issued research reports about the stock. ATB Cormark Capital Markets increased their price target on shares of Canadian National Railway from C$146.00 to C$150.00 and gave the stock a “sector perform” rating in a research report on Friday, April 17th. National Bank Financial upped their target price on Canadian National Railway from C$164.00 to C$173.00 and gave the stock a “sector perform” rating in a research note on Friday, June 26th. TD raised their target price on Canadian National Railway from C$164.00 to C$171.00 and gave the company a “buy” rating in a report on Monday, April 13th. Evercore raised Canadian National Railway from a “hold” rating to a “strong-buy” rating in a report on Thursday, June 25th. Finally, Scotia lifted their price target on Canadian National Railway from C$160.00 to C$162.00 and gave the company a “sector outperform” rating in a research note on Thursday, April 30th. Three investment analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating and five have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of C$161.00.

Insider Buying and Selling

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

Canadian National Railway Trading Up 1.3%

The company has a market cap of C$106.82 billion, a price-to-earnings ratio of 23.20, a PEG ratio of 3.38 and a beta of 1.18. The firm has a 50 day moving average price of C$162.56 and a two-hundred day moving average price of C$149.85. 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 issued its quarterly earnings results on Wednesday, April 29th. The company reported C$1.80 earnings per share (EPS) 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, equities analysts forecast that Canadian National Railway will post 8.2610275 earnings per share 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.