Royal Bank of Canada Increases Canadian National Railway (TSE:CNR) Price Target to C$169.00

Canadian National Railway (TSE:CNR) (NYSE:CNI) had its price objective increased by equities research analysts at Royal Bank of Canada from C$160.00 to C$169.00 in a report issued on Monday, BayStreet.CA reports. The firm currently has a “sector perform” rating on the stock. Royal Bank of Canada’s target price would indicate a potential upside of 6.94% from the company’s current price.

A number of other research analysts have also weighed in on the company. JPMorgan Chase & Co. reduced their target price on Canadian National Railway from C$180.00 to C$176.00 in a report on Wednesday, July 24th. National Bankshares cut their price objective on Canadian National Railway from C$190.00 to C$186.00 and set an “outperform” rating for the company in a report on Wednesday, July 24th. TD Securities cut their price objective on Canadian National Railway from C$185.00 to C$180.00 and set a “hold” rating for the company in a report on Wednesday, July 24th. Stephens upgraded Canadian National Railway to a “hold” rating in a research report on Wednesday, July 24th. Finally, Raymond James dropped their target price on Canadian National Railway from C$187.00 to C$180.00 and set an “outperform” rating for the company in a research report on Wednesday, September 11th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating, five have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of C$175.36.

Canadian National Railway Trading Down 0.2 %

Shares of Canadian National Railway stock opened at C$158.03 on Monday. Canadian National Railway has a 52-week low of C$143.13 and a 52-week high of C$181.34. The stock’s 50-day simple moving average is C$157.96 and its 200 day simple moving average is C$166.35. The stock has a market capitalization of C$99.48 billion, a P/E ratio of 18.77, a P/E/G ratio of 2.06 and a beta of 0.65. The company has a debt-to-equity ratio of 107.62, a quick ratio of 0.58 and a current ratio of 0.63.

Canadian National Railway (TSE:CNR) (NYSE:CNI) last announced its quarterly earnings data on Tuesday, July 23rd. The company reported C$1.84 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C$1.93 by C($0.09). Canadian National Railway had a net margin of 32.02% and a return on equity of 27.41%. The firm had revenue of C$4.33 billion during the quarter, compared to the consensus estimate of C$4.40 billion. As a group, research analysts anticipate that Canadian National Railway will post 8.4685501 EPS for the current year.

Insider Buying and Selling

In other news, Director Josephine Ann Marie Depass Olsovsky purchased 2,610 shares of Canadian National Railway stock in a transaction that occurred on Friday, July 26th. The shares were bought at an average cost of C$115.29 per share, with a total value of C$300,906.90. In related news, Director Josephine Ann Marie Depass Olsovsky bought 2,610 shares of the business’s stock in a transaction dated Friday, July 26th. The shares were purchased at an average cost of C$115.29 per share, with a total value of C$300,906.90. Also, Director Shauneen Elizabeth Bruder bought 543 shares of the business’s stock in a transaction dated Wednesday, September 25th. The stock was bought at an average cost of C$157.53 per share, for a total transaction of C$85,539.88. Insiders have bought a total of 4,383 shares of company stock valued at $585,772 over the last ninety days. Company insiders own 1.69% of the company’s stock.

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.