Canadian National Railway (TSE:CNR) Upgraded at Citizens Jmp

Citizens Jmp upgraded shares of Canadian National Railway (TSE:CNR) (NYSE:CNI) to a hold rating in a research report released on Wednesday morning,Zacks.com reports.

A number of other research analysts have also recently weighed in on CNR. Scotiabank lifted their price objective on Canadian National Railway from C$155.00 to C$160.00 and gave the company an “outperform” rating in a research report on Thursday, April 9th. Scotia increased their target price 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. Raymond James Financial raised their target price on shares of Canadian National Railway from C$170.00 to C$198.00 and gave the stock an “outperform” rating in a research note on Tuesday. Susquehanna downgraded shares of Canadian National Railway from a “strong-buy” rating to a “hold” rating in a report on Tuesday. Finally, JPMorgan Chase & Co. upped their price target on shares of Canadian National Railway from C$156.00 to C$175.00 in a research report on Friday, July 10th. Three research analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating and seven have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of C$170.56.

Canadian National Railway Price Performance

Shares of Canadian National Railway stock opened at C$180.94 on Wednesday. Canadian National Railway has a one year low of C$126.11 and a one year high of C$181.52. The stock’s fifty day moving average is C$165.71 and its 200 day moving average is C$151.53. The stock has a market cap of C$109.76 billion, a P/E ratio of 23.84, a P/E/G ratio of 3.38 and a beta of 1.18. The company has a debt-to-equity ratio of 104.96, a quick ratio of 0.57 and a current ratio of 0.67.

Canadian National Railway (TSE:CNR) (NYSE:CNI) last released its earnings results 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 company had revenue of C$4.38 billion for the quarter. Sell-side analysts anticipate that Canadian National Railway will post 8.2610275 earnings per share for the current year.

Insider Activity at Canadian National Railway

In other Canadian National Railway news, Director Justin M. Howell acquired 350 shares of the company’s stock in a transaction dated Friday, May 15th. The stock was purchased 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 approximately C$53,459. The trade was a ∞ increase in their position. 2.64% of the stock is owned by insiders.

Canadian National Railway News Roundup

Here are the key news stories impacting Canadian National Railway this week:

• Positive Sentiment: Scotiabank raised its price target on Canadian National Railway to C$194.00 from C$162.00, signaling confidence in the company’s earnings potential and leaving room for further upside. Canadian National Railway (TSE:CNR) Given New C$194.00 Price Target at Scotiabank
• Positive Sentiment: Sanford C. Bernstein also lifted its target to C$196.00 from C$163.00, reinforcing the bullish view that CNR can continue to perform well. Sanford C. Bernstein Issues Positive Forecast for Canadian National Railway (TSE:CNR) Stock Price
• Neutral Sentiment: Citizens JMP upgraded the stock to “hold,” which supports a more constructive outlook but is less enthusiastic than the recent price-target hikes. Canadian National Railway upgrade by Citizens JMP
• Negative Sentiment: Canadian National Railway suspended operations and evacuated workers in an area affected by wildfire near Armstrong, Ontario, highlighting a near-term operational risk that could weigh on results if disruptions persist. CN Railway evacuates workers, suspends operations in area hit by wildfire

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.