Sanford C. Bernstein Forecasts Strong Price Appreciation for Canadian National Railway (TSE:CNR) Stock

Canadian National Railway (TSE:CNR) (NYSE:CNI) had its price target increased by stock analysts at Sanford C. Bernstein from C$156.00 to C$163.00 in a report released on Tuesday,BayStreet.CA reports. Sanford C. Bernstein’s price target would indicate a potential upside of 13.68% from the stock’s current price.

Several other brokerages have also commented on CNR. Royal Bank Of Canada increased their price objective on Canadian National Railway from C$151.00 to C$160.00 in a research report on Thursday, March 26th. TD Securities dropped their target price on Canadian National Railway from C$166.00 to C$164.00 and set a “buy” rating for the company in a research report on Monday, February 2nd. Scotiabank cut their target price on Canadian National Railway from C$163.00 to C$155.00 and set an “outperform” rating for the company in a research note on Monday, February 2nd. JPMorgan Chase & Co. reduced their price target on shares of Canadian National Railway from C$149.00 to C$147.00 in a research report on Monday, February 2nd. Finally, ATB Cormark Capital Markets decreased their price target on shares of Canadian National Railway from C$153.00 to C$146.00 and set a “sector perform” rating on the stock in a research note on Monday, February 2nd. Three analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating and seven have given a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of C$153.60.

Canadian National Railway Stock Performance

TSE CNR opened at C$143.39 on Tuesday. Canadian National Railway has a 52-week low of C$126.11 and a 52-week high of C$154.63. The company has a fifty day moving average of C$142.75 and a 200-day moving average of C$136.99. The company has a market capitalization of C$87.67 billion, a P/E ratio of 18.94, a P/E/G ratio of 3.38 and a beta of 1.13. The company has a debt-to-equity ratio of 101.25, a quick ratio of 0.58 and a current ratio of 0.67.

Canadian National Railway (TSE:CNR) (NYSE:CNI) last released its 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 business had revenue of C$4.46 billion for the quarter. As a group, equities research 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 Shauneen Elizabeth Bruder bought 620 shares of the stock in a transaction dated 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 purchase, the director owned 19,071 shares in the company, valued at approximately C$2,690,345.97. The trade was a 3.36% increase in their position. Corporate insiders own 2.64% of the company’s stock.

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.