Raymond James Financial Issues Positive Forecast for Canadian National Railway (TSE:CNR) Stock Price
by Teresa Graham · The Cerbat GemCanadian National Railway (TSE:CNR – Get Free Report) (NYSE:CNI) had its price target lifted by equities research analysts at Raymond James Financial from C$162.00 to C$170.00 in a note issued to investors on Thursday,BayStreet.CA reports. The brokerage currently has an “outperform” rating on the stock. Raymond James Financial’s target price indicates a potential upside of 9.51% from the stock’s current price.
Other analysts have also issued reports about the company. UBS Group lowered Canadian National Railway from a “strong-buy” rating to a “hold” rating in a research note on Monday, February 2nd. Royal Bank Of Canada lifted their price target on Canadian National Railway from C$151.00 to C$160.00 in a research note on Thursday, March 26th. Sanford C. Bernstein lifted their price objective on Canadian National Railway from C$156.00 to C$163.00 in a research note on Tuesday, March 31st. Canadian Imperial Bank of Commerce lifted their price objective on Canadian National Railway from C$151.00 to C$154.00 in a research note on Thursday, January 8th. Finally, 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. Three investment analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating and seven have given a Hold rating to the company’s stock. According to MarketBeat.com, Canadian National Railway has an average rating of “Moderate Buy” and an average target price of C$157.19.
Check Out Our Latest Research Report on CNR
Canadian National Railway Trading Up 3.7%
Shares of CNR stock traded up C$5.55 during mid-day trading on Thursday, reaching C$155.23. 899,996 shares of the stock traded hands, compared to its average volume of 1,751,362. The stock’s fifty day simple moving average is C$146.69 and its two-hundred day simple moving average is C$139.06. Canadian National Railway has a 1-year low of C$126.11 and a 1-year high of C$155.76. The company has a market cap of C$94.91 billion, a price-to-earnings ratio of 20.51, a price-to-earnings-growth ratio of 3.38 and a beta of 1.08. The company has a quick ratio of 0.58, a current ratio of 0.67 and a debt-to-equity ratio of 101.25.
Canadian National Railway (TSE:CNR – Get Free Report) (NYSE:CNI) last announced its quarterly earnings results on Friday, January 30th. The company reported C$2.08 EPS for the quarter. Canadian National Railway had a return on equity of 21.95% and a net margin of 27.28%.The firm had revenue of C$4.46 billion for the quarter. On average, research analysts anticipate that Canadian National Railway will post 8.2610275 EPS for the current fiscal year.
Insider Buying and Selling
In related news, Director Albert Monaco acquired 7,400 shares of the business’s stock in a transaction that occurred on Friday, March 20th. The shares were bought at an average cost of C$135.68 per share, with a total value of C$1,004,032.00. Following the completion of the purchase, the director directly owned 7,400 shares in the company, valued at C$1,004,032. The trade was a ∞ increase in their ownership of the stock. Also, Director Shauneen Elizabeth Bruder acquired 620 shares of the business’s stock in a transaction that occurred on Thursday, March 26th. The stock was bought at an average cost of C$141.07 per share, for a total transaction of C$87,463.40. Following the completion of the purchase, 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 ownership of the stock. 2.64% of the stock is owned by insiders.
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.