Canadian National Railway (TSE:CNR) Given Consensus Rating of “Moderate Buy” by Analysts

Canadian National Railway (TSE:CNR) (NYSE:CNI) has been assigned a consensus rating of “Moderate Buy” from the seventeen research firms that are covering the stock, Marketbeat.com reports. Six analysts have rated the stock with a hold rating, nine have given a buy rating and two have given a strong buy rating to the company. The average 12 month price target among brokers that have issued ratings on the stock in the last year is C$158.00.

A number of equities analysts recently issued reports on CNR shares. TD raised their price objective on shares of Canadian National Railway from C$164.00 to C$171.00 and gave the stock a “buy” rating in a report on Monday, April 13th. 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 report on Thursday, April 9th. Scotia raised their price objective on shares of Canadian National Railway from C$160.00 to C$162.00 and gave the stock a “sector outperform” rating in a report on Thursday, April 30th. BMO Capital Markets raised their price objective on shares of Canadian National Railway from C$158.00 to C$169.00 in a report 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 report on Friday, April 17th.

Insider Activity at Canadian National Railway

In related news, Director Shauneen Elizabeth Bruder bought 620 shares of the stock in a transaction that occurred on Thursday, March 26th. The shares were bought at an average cost of C$141.07 per share, for a total transaction of C$87,463.40. Following the completion of the transaction, the director owned 19,071 shares of the company’s stock, valued at approximately C$2,690,345.97. This trade represents a 3.36% increase in their ownership of the stock. Also, Director Justin M. Howell bought 350 shares of the stock in a transaction that occurred on Friday, May 15th. The shares were bought at an average price of C$152.74 per share, for a total transaction of C$53,459.00. Following the completion of the transaction, the director directly owned 350 shares of the company’s stock, valued at C$53,459. This represents a ∞ increase in their position. Over the last three months, insiders have purchased 8,370 shares of company stock worth $1,144,954. Corporate insiders own 2.64% of the company’s stock.

Canadian National Railway Stock Performance

CNR stock opened at C$163.86 on Thursday. The company has a market cap of C$99.40 billion, a P/E ratio of 21.59, a price-to-earnings-growth ratio of 3.38 and a beta of 1.15. Canadian National Railway has a 1 year low of C$126.11 and a 1 year high of C$164.28. The company has a debt-to-equity ratio of 104.96, a current ratio of 0.67 and a quick ratio of 0.58. The stock’s fifty day moving average price is C$149.83 and its 200-day moving average price is C$142.57.

Canadian National Railway (TSE:CNR) (NYSE:CNI) last released its quarterly earnings results on Wednesday, April 29th. The company reported C$1.80 earnings per share (EPS) for the quarter. The firm had revenue of C$4.38 billion for the quarter. Canadian National Railway had a return on equity of 21.93% and a net margin of 27.23%. On average, equities analysts forecast that Canadian National Railway will post 8.2610275 earnings per share for the current year.

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.