Canadian National Railway (TSE:CNR) Reaches New 52-Week High – What’s Next?

Canadian National Railway (TSE:CNR) (NYSE:CNI)’s stock price hit a new 52-week high during trading on Tuesday . The company traded as high as C$159.75 and last traded at C$159.75, with a volume of 415719 shares changing hands. The stock had previously closed at C$157.79.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on the stock. JPMorgan Chase & Co. increased their price target on shares of Canadian National Railway from C$147.00 to C$153.00 in a report on Tuesday, April 7th. Royal Bank Of Canada raised their price objective on shares of Canadian National Railway from C$160.00 to C$178.00 and gave the stock an “outperform” rating in a research note on Thursday, April 30th. Scotiabank raised their price objective on shares of Canadian National Railway from C$155.00 to C$160.00 and gave the stock an “outperform” rating in a research note on Thursday, April 9th. BMO Capital Markets raised their price objective on shares of Canadian National Railway from C$158.00 to C$169.00 in a research note on Thursday, February 19th. Finally, ATB Cormark Capital Markets raised their price objective on shares of Canadian National Railway from C$146.00 to C$150.00 and gave the stock a “sector perform” rating in a research note on Friday, April 17th. Two equities research analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating and six have assigned a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of C$158.00.

Canadian National Railway Trading Up 1.2%

The company has a quick ratio of 0.58, a current ratio of 0.67 and a debt-to-equity ratio of 104.96. The firm has a market cap of C$96.90 billion, a P/E ratio of 21.05, a P/E/G ratio of 3.38 and a beta of 1.15. The company’s 50 day simple moving average is C$149.12 and its 200-day simple moving average is C$142.18.

Canadian National Railway (TSE:CNR) (NYSE:CNI) last issued its earnings results on Wednesday, April 29th. The company reported C$1.80 EPS for the quarter. The business had revenue of C$4.38 billion for the quarter. Canadian National Railway had a net margin of 27.23% and a return on equity of 21.93%. As a group, research analysts predict that Canadian National Railway will post 8.2610275 earnings per share for the current fiscal year.

Insider Activity at Canadian National Railway

In other news, Director Albert Monaco purchased 7,400 shares of the stock in a transaction that occurred 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 acquisition, the director owned 7,400 shares of the company’s stock, valued at approximately C$1,004,032. This trade represents a ∞ increase in their ownership of the stock. Also, Director Shauneen Elizabeth Bruder purchased 620 shares of the stock in a transaction that occurred on Thursday, March 26th. The stock was purchased at an average price of C$141.07 per share, with a total value of C$87,463.40. Following the acquisition, the director directly owned 19,071 shares of the company’s stock, valued at C$2,690,345.97. This trade represents a 3.36% increase in their position. Over the last quarter, insiders bought 8,370 shares of company stock worth $1,144,954. Company insiders own 2.64% of the company’s stock.

Canadian National Railway Company Profile

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.