Sanford C. Bernstein Issues Positive Forecast for Canadian National Railway (TSE:CNR) Stock Price

Canadian National Railway (TSE:CNR) (NYSE:CNI) had its price objective lifted by Sanford C. Bernstein from C$163.00 to C$196.00 in a research report report published on Thursday,BayStreet.CA reports.

CNR has been the subject of a number of other research reports. Desjardins lifted their target price on shares of Canadian National Railway from C$163.00 to C$185.00 and gave the company a “buy” rating in a research note on Thursday, July 9th. Citizens Jmp raised shares of Canadian National Railway to a “hold” rating in a research note on Wednesday. Susquehanna lowered Canadian National Railway from a “strong-buy” rating to a “hold” rating in a report on Tuesday. Stephens raised Canadian National Railway to a “hold” rating in a research report on Wednesday, July 8th. Finally, TD boosted their target price on Canadian National Railway from C$171.00 to C$191.00 in a research note on Friday, July 10th. Three equities research analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating and seven have assigned a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of C$170.56.

Canadian National Railway Stock Up 3.4%

Shares of Canadian National Railway stock opened at C$180.16 on Thursday. The stock has a 50-day moving average price of C$165.14 and a 200 day moving average price of C$151.32. The company has a market cap of C$109.29 billion, a P/E ratio of 23.74, a P/E/G ratio of 3.38 and a beta of 1.18. The company has a current ratio of 0.67, a quick ratio of 0.57 and a debt-to-equity ratio of 104.96. Canadian National Railway has a 1 year low of C$126.11 and a 1 year high of C$180.17.

Canadian National Railway (TSE:CNR) (NYSE:CNI) last posted its quarterly 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 during the quarter. Canadian National Railway had a net margin of 27.23% and a return on equity of 21.93%. As a group, analysts expect that Canadian National Railway will post 8.2610275 EPS for the current fiscal year.

Insider Buying and Selling

In related news, Director Justin M. Howell purchased 350 shares of the firm’s stock in a transaction dated Friday, May 15th. The stock was bought at an average price of C$152.74 per share, for a total transaction of C$53,459.00. Following the purchase, the director owned 350 shares in the company, valued at C$53,459. The trade was a ∞ increase in their position. 2.64% of the stock is owned by insiders.

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.