Canadian National Railway Company (CNR) Rating Reiterated by Royal Bank Of Canada
Canadian National Railway Company (TSE:CNR) (NYSE:CNI)‘s stock had its “outperform” rating restated by equities researchers at Royal Bank Of Canada in a research report issued to clients and investors on Friday. They currently have a C$110.00 price objective on the stock. Royal Bank Of Canada’s target price points to a potential upside of 11.20% from the company’s current price.
A number of other analysts have also weighed in on CNR. BMO Capital Markets restated an “outperform” rating and set a C$111.00 target price on shares of Canadian National Railway in a research note on Wednesday, July 26th. Raymond James Financial, Inc. upped their target price on shares of Canadian National Railway from C$112.00 to C$115.00 and gave the stock an “outperform” rating in a research note on Friday, June 16th. Finally, Scotiabank upped their target price on shares of Canadian National Railway from C$110.00 to C$115.00 and gave the stock an “outperform” rating in a research note on Thursday, June 15th. Four investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Canadian National Railway currently has a consensus rating of “Buy” and a consensus price target of C$101.31.
Canadian National Railway (CNR) traded up 0.23% during mid-day trading on Friday, hitting $98.92. 675,368 shares of the stock were exchanged. The company has a 50 day moving average of $100.43 and a 200 day moving average of $100.95. Canadian National Railway has a 12-month low of $80.63 and a 12-month high of $108.64. The firm has a market cap of $74.29 billion and a P/E ratio of 19.46.
Canadian National Railway (TSE:CNR) (NYSE:CNI) last released its earnings results on Tuesday, July 25th. The company reported $1.34 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.31 by $0.03. Canadian National Railway had a net margin of 30.97% and a return on equity of 27.63%. The firm had revenue of $3.33 billion for the quarter, compared to analyst estimates of $3.22 billion. On average, equities analysts anticipate that Canadian National Railway will post $5.13 earnings per share for the current fiscal year.
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In other Canadian National Railway news, insider Kimberley A. Madigan sold 1,592 shares of the stock in a transaction that occurred on Thursday, June 15th. The shares were sold at an average price of C$78.58, for a total value of C$125,099.36. Also, insider Sean Finn sold 15,425 shares of the stock in a transaction that occurred on Friday, July 28th. The shares were sold at an average price of C$98.46, for a total transaction of C$1,518,745.50. Over the last quarter, insiders acquired 8,200 shares of company stock worth $826,781 and sold 17,267 shares worth $1,668,955.
About Canadian National Railway
Canadian National Railway Company is engaged in the rail and related transportation business. The Company’s network of approximately 20,000 route miles of track spans Canada and mid-America, connecting approximately three coasts, including the Atlantic, the Pacific and the Gulf of Mexico and serving the cities and ports of Vancouver, Prince Rupert (British Columbia), Montreal, Halifax, New Orleans, and Mobile (Alabama), and the metropolitan areas of Toronto, Edmonton, Winnipeg, Calgary, Chicago, Memphis, Detroit, Duluth (Minnesota)/Superior (Wisconsin), and Jackson (Mississippi), with connections to all points in North America.
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