Desjardins Issues Positive Forecast for Canadian National Railway (TSE:CNR) Stock Price

Canadian National Railway (TSE:CNR) (NYSE:CNI) had its price objective hoisted by Desjardins from C$163.00 to C$185.00 in a report published on Thursday,BayStreet.CA reports. They currently have a buy rating on the stock.

A number of other equities analysts have also weighed in on the company. National Bank Financial upped their price objective on Canadian National Railway from C$164.00 to C$173.00 and gave the stock a “sector perform” rating in a research note on Friday, June 26th. Royal Bank Of Canada lifted their target price on Canadian National Railway from C$178.00 to C$195.00 and gave the company an “outperform” rating in a research note on Wednesday, June 24th. TD boosted their price target on 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. Stephens upgraded Canadian National Railway to a “hold” rating in a research note on Wednesday. Finally, Scotiabank increased their price objective on shares of Canadian National Railway from C$155.00 to C$160.00 and gave the company an “outperform” rating in a report on Thursday, April 9th. Three investment analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of C$161.00.

Canadian National Railway Stock Performance

Shares of CNR opened at C$176.10 on Thursday. The business has a 50-day simple moving average of C$162.56 and a two-hundred day simple moving average of C$149.85. The company has a quick ratio of 0.57, a current ratio of 0.67 and a debt-to-equity ratio of 104.96. Canadian National Railway has a 52 week low of C$126.11 and a 52 week high of C$177.11. The stock has a market cap of C$106.82 billion, a price-to-earnings ratio of 23.20, a PEG ratio of 3.38 and a beta of 1.18.

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

Insider Buying and Selling at Canadian National Railway

In other news, Director Justin M. Howell acquired 350 shares of the company’s stock in a transaction that occurred on Friday, May 15th. The shares were bought at an average price of C$152.74 per share, with a total value of C$53,459.00. Following the completion of the purchase, the director directly owned 350 shares in the company, valued at C$53,459. This trade represents a ∞ increase in their ownership of the stock. 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.