Canadian National Railway (TSE:CNR) Price Target Raised to C$169.00 at Royal Bank of Canada

Canadian National Railway (TSE:CNR) (NYSE:CNI) had its price objective increased by research analysts at Royal Bank of Canada from C$160.00 to C$169.00 in a research report issued to clients and investors on Monday, BayStreet.CA reports. The firm presently has a “sector perform” rating on the stock. Royal Bank of Canada’s price objective would indicate a potential upside of 7.19% from the stock’s previous close.

Several other research firms have also recently commented on CNR. JPMorgan Chase & Co. lowered their price target on Canadian National Railway from C$180.00 to C$176.00 in a report on Wednesday, July 24th. CIBC dropped their price target on Canadian National Railway from C$170.00 to C$160.00 and set a “neutral” rating on the stock in a research report on Wednesday, September 11th. Sanford C. Bernstein lowered Canadian National Railway from an “outperform” rating to a “market perform” rating and dropped their price target for the company from C$195.00 to C$179.00 in a research report on Monday, July 8th. Barclays lowered their price objective on Canadian National Railway from C$165.00 to C$162.00 and set a “hold” rating for the company in a research note on Wednesday, September 25th. Finally, National Bank Financial raised Canadian National Railway from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, June 26th. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating, five have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of C$175.36.

Canadian National Railway Trading Up 0.2 %

TSE:CNR traded up C$0.33 on Monday, reaching C$157.67. 169,285 shares of the company’s stock were exchanged, compared to its average volume of 1,125,727. The business has a fifty day moving average of C$158.12 and a 200-day moving average of C$166.41. The company has a quick ratio of 0.58, a current ratio of 0.63 and a debt-to-equity ratio of 107.62. Canadian National Railway has a 52-week low of C$143.13 and a 52-week high of C$181.34. The firm has a market capitalization of C$99.25 billion, a price-to-earnings ratio of 18.72, a price-to-earnings-growth ratio of 2.06 and a beta of 0.65.

Canadian National Railway (TSE:CNR) (NYSE:CNI) last posted its quarterly earnings data on Tuesday, July 23rd. The company reported C$1.84 earnings per share for the quarter, missing analysts’ consensus estimates of C$1.93 by C($0.09). Canadian National Railway had a net margin of 32.02% and a return on equity of 27.41%. The firm had revenue of C$4.33 billion during the quarter, compared to analysts’ expectations of C$4.40 billion. As a group, analysts expect that Canadian National Railway will post 8.4685501 earnings per share for the current year.

Insider Activity

In other Canadian National Railway news, Director Susan C. Jones bought 1,230 shares of the stock in a transaction on Tuesday, September 17th. The shares were purchased at an average price of C$162.05 per share, with a total value of C$199,324.82. In related news, Director Shauneen Elizabeth Bruder bought 543 shares of the business’s stock in a transaction that occurred on Wednesday, September 25th. The stock was acquired at an average price of C$157.53 per share, for a total transaction of C$85,539.88. Also, Director Susan C. Jones acquired 1,230 shares of the business’s stock in a transaction on Tuesday, September 17th. The stock was acquired at an average price of C$162.05 per share, with a total value of C$199,324.82. In the last quarter, insiders have purchased 4,383 shares of company stock valued at $585,772. Insiders own 1.69% of the company’s stock.

About Canadian National Railway

Canadian National Railway Company, together with its subsidiaries, engages in the rail, intermodal, trucking, and marine transportation and logistics business in Canada and the United States. The company provides rail services, which include equipment, custom brokerage services, transloading and distribution, business development and real estate, and private car storage services; and intermodal services, such as temperature controlled cargo, port partnerships, and logistics parks.