National Bank Financial Forecasts Strong Price Appreciation for Canadian National Railway (TSE:CNR) Stock

by · The Markets Daily

Canadian National Railway (TSE:CNR – Get Free Report) (NYSE:CNI) had its price target lifted by investment analysts at National Bank Financial from C$164.00 to C$173.00 in a report issued on Friday,BayStreet.CA reports. The brokerage currently has a “sector perform” rating on the stock. National Bank Financial’s price target points to a potential upside of 1.32% from the stock’s previous close.

Other analysts also recently issued reports about the company. ATB Cormark Capital Markets raised their price target on 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. Royal Bank Of Canada lifted their price target on shares of Canadian National Railway from C$178.00 to C$195.00 and gave the stock an “outperform” rating in a research note on Wednesday. Evercore raised shares of Canadian National Railway from a “hold” rating to a “strong-buy” rating in a research report on Thursday. Desjardins raised their price objective on shares of Canadian National Railway from C$156.00 to C$163.00 and gave the stock a “buy” rating in a research note on Thursday, April 30th. Finally, JPMorgan Chase & Co. upped their target price on Canadian National Railway from C$147.00 to C$153.00 in a research note on Tuesday, April 7th. Three research analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating and five have given a Hold rating to the company’s 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.

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Canadian National Railway Price Performance

Canadian National Railway stock traded down C$0.04 during mid-day trading on Friday, reaching C$170.75. 584,241 shares of the company’s stock traded hands, compared to its average volume of 1,761,816. Canadian National Railway has a 12-month low of C$126.11 and a 12-month high of C$171.23. The company has a quick ratio of 0.57, a current ratio of 0.67 and a debt-to-equity ratio of 104.96. The stock has a 50 day moving average of C$158.74 and a two-hundred day moving average of C$147.25. The company has a market cap of C$103.58 billion, a price-to-earnings ratio of 22.50, a PEG ratio of 3.38 and a beta of 1.21.

Canadian National Railway (TSE:CNR – Get Free Report) (NYSE:CNI) last posted its earnings results on Wednesday, April 29th. The company reported C$1.80 earnings per share 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. Equities analysts forecast that Canadian National Railway will post 8.2610275 earnings per share for the current year.

Insider Activity

In other news, Director Justin M. Howell purchased 350 shares of the business’s stock in a transaction dated Friday, May 15th. The shares were purchased at an average price of C$152.74 per share, for a total transaction of C$53,459.00. Following the completion of the purchase, the director owned 350 shares in the company, valued at approximately C$53,459. This represents a ∞ increase in their position. Insiders own 2.64% of the company’s stock.

About Canadian National Railway

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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.

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