Scotia Issues Positive Forecast for Canadian National Railway (TSE:CNR) Stock Price
by Renee Jackson · The Cerbat GemCanadian National Railway (TSE:CNR – Free Report) (NYSE:CNI) had its target price hoisted by Scotia from C$160.00 to C$162.00 in a research note released on Thursday morning,BayStreet.CA reports. Scotia currently has a sector outperform rating on the stock.
A number of other research firms also recently weighed in on CNR. Scotiabank boosted their target price on Canadian National Railway from C$155.00 to C$160.00 and gave the stock an “outperform” rating in a research report on Thursday, April 9th. BMO Capital Markets boosted their target price on Canadian National Railway from C$158.00 to C$169.00 in a research report on Thursday, February 19th. Desjardins boosted their target price on Canadian National Railway from C$156.00 to C$163.00 and gave the stock a “buy” rating in a research report on Thursday. Royal Bank Of Canada boosted their target price on Canadian National Railway from C$151.00 to C$160.00 in a research report on Thursday, March 26th. Finally, Raymond James Financial boosted their target price on 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. Three analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating and seven have given a Hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of C$158.94.
Read Our Latest Stock Analysis on Canadian National Railway
Canadian National Railway Stock Performance
TSE:CNR opened at C$152.57 on Thursday. The business’s 50-day moving average price is C$147.55 and its two-hundred day moving average price is C$139.88. Canadian National Railway has a twelve month low of C$126.11 and a twelve month high of C$158.25. The stock has a market cap of C$93.28 billion, a P/E ratio of 20.15, a PEG 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 104.96.
Canadian National Railway (TSE:CNR – Get Free Report) (NYSE:CNI) last released its earnings results on Wednesday, April 29th. The company reported C$1.80 earnings per share for the quarter. The company had revenue of C$4.38 billion during the quarter. Canadian National Railway had a return on equity of 21.93% and a net margin of 27.23%. As a group, equities analysts predict that Canadian National Railway will post 8.2610275 EPS for the current fiscal year.
Insider Activity at Canadian National Railway
In related news, Director Albert Monaco acquired 7,400 shares of the stock in a transaction on Friday, March 20th. The stock was purchased at an average price of C$135.68 per share, for a total transaction of C$1,004,032.00. Following the completion of the transaction, the director owned 7,400 shares of the company’s stock, valued at C$1,004,032. This trade represents a ∞ increase in their position. Also, Director Shauneen Elizabeth Bruder acquired 620 shares of the stock in a transaction 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 transaction, the director directly owned 19,071 shares of the company’s stock, valued at approximately C$2,690,345.97. The trade was a 3.36% increase in their position. Insiders own 2.64% of the company’s stock.
Canadian National Railway News Roundup
Here are the key news stories impacting Canadian National Railway this week:
- Positive Sentiment: Royal Bank of Canada raised its price target to C$178 (from C$160) and kept an “outperform” rating — the largest single upside call among the recent updates (~16.9% above the recent price). This is the most market-moving analyst action today. RBC raises CNR target to C$178
- Positive Sentiment: Desjardins bumped its target to C$163 (from C$156) and kept a “buy” rating — another vote of confidence implying ~7% upside. Desjardins raises target to C$163
- Positive Sentiment: Scotia raised its target to C$162 (from C$160) with a “sector outperform” call (~6% upside), adding to the cluster of upgrades supporting the rally. Scotia raises CNR target TickerReport coverage
- Positive Sentiment: Quarterly results showed C$1.80 EPS and C$4.38B revenue, with a 27.28% net margin and 21.95% ROE — metrics that support higher valuation and justify analyst upgrades. MarketBeat: CNR earnings details
- Neutral Sentiment: Coverage flagged that CN has achieved record operating efficiency but also put a new debt shelf in place. The combination can be positive (funding growth or buybacks) or raise leverage concerns — worth monitoring for capital allocation implications. Yahoo: Record efficiency & debt shelf
- Neutral Sentiment: Analyst/write-up asking whether investors should “reassess” CN after the recent share-price climb — highlights valuation risk after multiple upgrades and gains; could temper momentum if investors decide to lock in profits. Yahoo: Is it time to reassess CN?
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.