Canadian National Railway (TSE:CNR) PT Raised to C$190.00

Canadian National Railway (TSE:CNR) (NYSE:CNI) had its price target increased by stock analysts at Raymond James from C$185.00 to C$190.00 in a note issued to investors on Monday, BayStreet.CA reports. The firm currently has an “outperform” rating on the stock. Raymond James’ price objective suggests a potential upside of 7.47% from the company’s previous close. Raymond James also issued estimates for Canadian National Railway’s Q1 2024 earnings at $1.73 EPS, Q2 2024 earnings at $1.99 EPS and Q4 2024 earnings at $2.25 EPS.

Several other research analysts have also commented on CNR. JPMorgan Chase & Co. raised their price objective on Canadian National Railway from C$158.00 to C$164.00 and gave the company a “neutral” rating in a research report on Wednesday, January 24th. Desjardins raised their price objective on Canadian National Railway from C$189.00 to C$195.00 and gave the company a “buy” rating in a research report on Friday, April 12th. Barclays raised their price objective on Canadian National Railway from C$170.00 to C$175.00 in a research report on Thursday, April 4th. Scotiabank lifted their target price on Canadian National Railway from C$173.00 to C$184.00 and gave the stock a “sector perform” rating in a research report on Monday, March 25th. Finally, CIBC lifted their target price on Canadian National Railway from C$177.00 to C$183.00 and gave the stock a “neutral” rating in a research report on Wednesday, March 27th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of C$183.36.

Canadian National Railway Price Performance

Shares of Canadian National Railway stock opened at C$176.79 on Monday. Canadian National Railway has a twelve month low of C$143.13 and a twelve month high of C$181.34. The stock has a market capitalization of C$113.19 billion, a P/E ratio of 20.73, a PEG ratio of 2.06 and a beta of 0.65. The company has a current ratio of 0.61, a quick ratio of 0.58 and a debt-to-equity ratio of 93.89. The business’s fifty day moving average price is C$176.20 and its 200 day moving average price is C$165.58.

Canadian National Railway (TSE:CNR) (NYSE:CNI) last issued its earnings results on Tuesday, January 23rd. The company reported C$2.02 earnings per share 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 firm had revenue of C$4.47 billion for the quarter, compared to analysts’ expectations of C$4.38 billion. As a group, research analysts anticipate that Canadian National Railway will post 8.0140399 earnings per share for the current year.

Insider Buying and Selling at Canadian National Railway

In related news, Director Shauneen Elizabeth Bruder purchased 488 shares of the company’s stock in a transaction on Tuesday, March 26th. The shares were bought at an average price of C$177.40 per share, with a total value of C$86,571.20. In other Canadian National Railway news, Senior Officer Derek Michael Taylor sold 2,610 shares of the business’s stock in a transaction on Monday, February 26th. The shares were sold at an average price of C$131.26, for a total transaction of C$342,577.38. Also, Director Shauneen Elizabeth Bruder purchased 488 shares of the company’s stock in a transaction dated Tuesday, March 26th. The stock was bought at an average cost of C$177.40 per share, for a total transaction of C$86,571.20. 1.67% of the stock is owned by corporate insiders.

Canadian National Railway Company Profile

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.