Canadian National Railway (TSE:CNR) Given New C$194.00 Price Target at Scotiabank

Canadian National Railway (TSE:CNR) (NYSE:CNI) had its target price raised by Scotiabank from C$162.00 to C$194.00 in a research report released on Thursday morning,BayStreet.CA reports.

Several other equities analysts have also weighed in on CNR. TD increased their price objective on shares of Canadian National Railway from C$171.00 to C$191.00 in a report on Friday, July 10th. Scotia lifted 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. Sanford C. Bernstein upped their target price on shares of Canadian National Railway from C$163.00 to C$196.00 in a research report on Thursday. Susquehanna cut shares of Canadian National Railway from a “strong-buy” rating to a “hold” rating in a research report on Tuesday. Finally, ATB Cormark Capital Markets increased their price target on Canadian National Railway from C$150.00 to C$166.00 and gave the company a “sector perform” rating in a research note on Friday, July 10th. Three equities research analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating and seven have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Canadian National Railway currently has a consensus rating of “Moderate Buy” and a consensus target price of C$170.56.

Canadian National Railway Stock Performance

Canadian National Railway stock opened at C$180.16 on Thursday. 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. The company has a market cap of C$109.29 billion, a PE ratio of 23.74, a PEG ratio of 3.38 and a beta of 1.18. The company’s 50-day moving average is C$165.14 and its two-hundred day moving average is C$151.32.

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

Insider Buying and Selling

In other news, Director Justin M. Howell bought 350 shares of the stock in a transaction on 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 owned 350 shares of the company’s stock, valued at approximately C$53,459. This trade represents a ∞ increase in their ownership of the stock. Insiders own 2.64% of the company’s stock.

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.