Desjardins Increases Canadian National Railway (TSE:CNR) Price Target to C$195.00

Canadian National Railway (TSE:CNR) (NYSE:CNI) had its target price boosted by investment analysts at Desjardins from C$189.00 to C$195.00 in a report released on Friday, BayStreet.CA reports. The brokerage currently has a “buy” rating on the stock. Desjardins’ target price would indicate a potential upside of 10.20% from the company’s previous close.

Other analysts also recently issued research reports about the company. JPMorgan Chase & Co. lifted their target price on Canadian National Railway from C$158.00 to C$164.00 and gave the company a “neutral” rating in a research note on Wednesday, January 24th. BMO Capital Markets lifted their target price on Canadian National Railway from C$185.00 to C$195.00 in a research note on Monday, April 1st. CIBC lifted their target price on Canadian National Railway from C$177.00 to C$183.00 and gave the company a “neutral” rating in a research note on Wednesday, March 27th. ATB Capital lifted their target price on Canadian National Railway from C$165.00 to C$180.00 and gave the company a “sector perform” rating in a research note on Wednesday, January 24th. Finally, Veritas Investment Research downgraded Canadian National Railway from a “buy” rating to a “reduce” rating and set a C$168.00 target price on the stock. in a research note on Wednesday, January 24th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, Canadian National Railway has an average rating of “Hold” and an average price target of C$182.71.

Canadian National Railway Trading Down 0.1 %

TSE:CNR opened at C$176.95 on Friday. Canadian National Railway has a 12-month low of C$143.13 and a 12-month high of C$181.34. The firm has a market capitalization of C$113.29 billion, a P/E ratio of 20.72, a P/E/G ratio of 2.06 and a beta of 0.66. The company has a debt-to-equity ratio of 93.89, a current ratio of 0.61 and a quick ratio of 0.58. The business has a 50 day simple moving average of C$175.67 and a 200 day simple moving average of C$164.00.

Canadian National Railway (TSE:CNR) (NYSE:CNI) last released its quarterly earnings data on Tuesday, January 23rd. The company reported C$2.02 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of C$1.96 by C$0.06. Canadian National Railway had a return on equity of 27.11% and a net margin of 33.43%. The business had revenue of C$4.47 billion during the quarter, compared to analyst estimates of C$4.38 billion. Equities research analysts predict that Canadian National Railway will post 8.0824553 EPS for the current year.

Insider Activity

In other Canadian National Railway news, Director Shauneen Elizabeth Bruder purchased 6,000 shares of the stock in a transaction dated Thursday, February 1st. The shares were acquired at an average price of C$168.44 per share, for a total transaction of C$1,010,640.00. In other news, Director Shauneen Elizabeth Bruder bought 6,000 shares of the stock in a transaction on Thursday, February 1st. The shares were purchased at an average price of C$168.44 per share, for a total transaction of C$1,010,640.00. Also, Senior Officer Derek Michael Taylor sold 2,610 shares of the business’s stock in a transaction dated Monday, February 26th. The shares were sold at an average price of C$131.26, for a total value of C$342,577.38. 1.67% of the stock is currently owned by corporate insiders.

About Canadian National Railway

Canadian National Railway Company, together with its subsidiaries, engages in the rail, intermodal, trucking, and marine transportation and logistics business in Canada and the United States. The company provides rail services, which include equipment, custom brokerage services, transloading and distribution, business development and real estate, and private car storage services; and intermodal services, such as temperature controlled cargo, port partnerships, and logistics parks.