Canadian National Railway (TSE:CNR) Price Target Raised to C$160.00 at Scotiabank
by Teresa Graham · The Cerbat GemCanadian National Railway (TSE:CNR – Get Free Report) (NYSE:CNI) had its price objective lifted by stock analysts at Scotiabank from C$155.00 to C$160.00 in a report released on Thursday,BayStreet.CA reports. The brokerage presently has an “outperform” rating on the stock. Scotiabank’s price objective indicates a potential upside of 5.19% from the stock’s current price.
A number of other brokerages have also recently weighed in on CNR. BMO Capital Markets lifted their price objective on Canadian National Railway from C$158.00 to C$169.00 in a research note on Thursday, February 19th. Desjardins set a C$156.00 price objective on Canadian National Railway and gave the company a “buy” rating in a research note on Tuesday, March 31st. UBS Group cut Canadian National Railway from a “strong-buy” rating to a “hold” rating in a research note on Monday, February 2nd. JPMorgan Chase & Co. lifted their price objective on Canadian National Railway from C$147.00 to C$153.00 in a research note on Tuesday. Finally, Vertical Research raised Canadian National Railway from a “hold” rating to a “strong-buy” rating in a research note on Monday, January 5th. Three research analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating and seven have assigned a Hold rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of C$154.33.
Get Our Latest Research Report on Canadian National Railway
Canadian National Railway Trading Up 2.1%
Shares of TSE CNR traded up C$3.06 during trading on Thursday, reaching C$152.10. The stock had a trading volume of 713,747 shares, compared to its average volume of 1,858,445. Canadian National Railway has a fifty-two week low of C$126.11 and a fifty-two week high of C$154.63. The company has a debt-to-equity ratio of 101.25, a quick ratio of 0.58 and a current ratio of 0.67. The business’s 50-day moving average price is C$143.76 and its 200-day moving average price is C$137.56. The company has a market cap of C$92.99 billion, a P/E ratio of 20.09, a PEG ratio of 3.38 and a beta of 1.08.
Canadian National Railway (TSE:CNR – Get Free Report) (NYSE:CNI) last issued its quarterly earnings data on Friday, January 30th. The company reported C$2.08 earnings per share for the quarter. Canadian National Railway had a return on equity of 21.95% and a net margin of 27.28%.The business had revenue of C$4.46 billion during the quarter. On average, equities research analysts predict that Canadian National Railway will post 8.2610275 EPS for the current fiscal year.
Insiders Place Their Bets
In related news, Director Albert Monaco bought 7,400 shares of the firm’s stock in a transaction that occurred on Friday, March 20th. The stock was purchased at an average cost of C$135.68 per share, for a total transaction of C$1,004,032.00. Following the completion of the acquisition, the director owned 7,400 shares in the company, valued at approximately C$1,004,032. This trade represents a ∞ increase in their position. Also, Director Shauneen Elizabeth Bruder bought 620 shares of the firm’s stock in a transaction that occurred on Thursday, March 26th. The stock was bought at an average price of C$141.07 per share, with a total value of C$87,463.40. Following the completion of the acquisition, the director owned 19,071 shares of the company’s stock, valued at C$2,690,345.97. This trade represents a 3.36% increase in their position. Company insiders own 2.64% of the company’s stock.
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.