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

Shares of Canadian National Railway (TSE:CNR) (NYSE:CNI) have been given a consensus recommendation of “Moderate Buy” by the seventeen research firms that are currently covering the company, MarketBeat.com reports. Six equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and two have issued a strong buy rating on the company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is C$158.00.

A number of brokerages have recently issued reports on CNR. Scotiabank increased 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 research note on Thursday, April 9th. Scotia increased 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 research note on Thursday, April 30th. TD increased 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 research note on Monday, April 13th. JPMorgan Chase & Co. increased their target price on Canadian National Railway from C$147.00 to C$153.00 in a research report on Tuesday, April 7th. Finally, Sanford C. Bernstein increased their target price on Canadian National Railway from C$156.00 to C$163.00 in a research report on Tuesday, March 31st.

Canadian National Railway Stock Performance

Shares of CNR opened at C$159.73 on Monday. The company has a quick ratio of 0.58, a current ratio of 0.67 and a debt-to-equity ratio of 104.96. The business has a 50-day simple moving average of C$157.75 and a two-hundred day simple moving average of C$146.44. The stock has a market cap of C$96.89 billion, a price-to-earnings ratio of 21.04, a PEG ratio of 3.38 and a beta of 1.21. Canadian National Railway has a 52 week low of C$126.11 and a 52 week high of C$169.90.

Canadian National Railway (TSE:CNR) (NYSE:CNI) last issued 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 return on equity of 21.93% and a net margin of 27.23%. On average, analysts expect that Canadian National Railway will post 8.2610275 EPS for the current year.

Insider Activity

In other Canadian National Railway news, Director Shauneen Elizabeth Bruder bought 620 shares of the business’s stock in a transaction that occurred on Thursday, March 26th. The stock was purchased at an average price 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 C$2,690,345.97. This trade represents a 3.36% increase in their position. Also, Director Justin M. Howell bought 350 shares of the business’s stock in a transaction that occurred on Friday, May 15th. The shares were acquired at an average price of C$152.74 per share, with a total value of C$53,459.00. Following 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. Company 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.