Royal Bank of Canada Boosts Canadian National Railway (TSE:CNR) Price Target to C$137.00

Canadian National Railway (TSE:CNR) (NYSE:CNI) had its price target hoisted by research analysts at Royal Bank of Canada from C$128.00 to C$137.00 in a research report issued on Friday, BayStreet.CA reports. Royal Bank of Canada’s target price indicates a potential upside of 11.96% from the company’s previous close.

Several other brokerages also recently issued reports on CNR. CIBC lifted their target price on Canadian National Railway from C$124.00 to C$126.00 in a research note on Wednesday, July 24th. National Bank Financial decreased their target price on Canadian National Railway from C$126.00 to C$124.00 and set a “sector perform” rating on the stock in a research note on Thursday, June 27th. JPMorgan Chase & Co. lifted their target price on Canadian National Railway from C$122.00 to C$125.00 in a research note on Monday, July 29th. Raymond James reissued an “outperform” rating and set a C$135.00 target price on shares of Canadian National Railway in a research note on Wednesday, July 24th. Finally, BMO Capital Markets lifted their target price on Canadian National Railway from C$125.00 to C$126.00 in a research note on Wednesday, July 24th. Four equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Canadian National Railway presently has an average rating of “Hold” and an average price target of C$125.91.

Shares of CNR stock traded up C$0.23 during trading hours on Friday, reaching C$122.37. 496,660 shares of the company traded hands, compared to its average volume of 1,078,625. Canadian National Railway has a 12-month low of C$96.46 and a 12-month high of C$127.96. The company has a debt-to-equity ratio of 77.28, a current ratio of 0.69 and a quick ratio of 0.34. The company has a market cap of $88.10 billion and a P/E ratio of 20.18. The firm has a 50-day moving average price of C$122.74 and a 200 day moving average price of C$121.59.



Canadian National Railway (TSE:CNR) (NYSE:CNI) last posted its quarterly earnings data on Tuesday, July 23rd. The company reported C$1.73 earnings per share for the quarter, beating the Zacks’ consensus estimate of C$1.65 by C$0.08. The company had revenue of C$3.96 billion for the quarter, compared to analysts’ expectations of C$3.93 billion. Sell-side analysts predict that Canadian National Railway will post 6.2915347 EPS for the current year.

In other news, insider Cascade Investment, L.L.C. acquired 188,936 shares of Canadian National Railway stock in a transaction on Friday, August 9th. The shares were acquired at an average price of C$123.84 per share, with a total value of C$23,398,063.23. Following the purchase, the insider now directly owns 101,048,265 shares in the company, valued at approximately C$12,513,939,608.10. Also, Director Denis Losier sold 1,000 shares of Canadian National Railway stock in a transaction that occurred on Thursday, September 12th. The stock was sold at an average price of C$122.11, for a total value of C$122,110.00. Following the completion of the sale, the director now directly owns 171,254 shares in the company, valued at approximately C$20,911,825.94. In the last ninety days, insiders acquired 428,636 shares of company stock worth $52,403,800 and sold 17,609 shares worth $2,156,008.

About Canadian National Railway

Canadian National Railway Company engages in rail and related transportation business. The company transports cargo serving exporters, importers, retailers, farmers, and manufacturers. It operates a network of approximately 20,000 route miles of track spans Canada and mid-America connecting the Atlantic, the Pacific, and the Gulf of Mexico.

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Analyst Recommendations for Canadian National Railway (TSE:CNR)

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