Canadian National Railway (TSE:CNR) Upgraded at National Bank Financial

Canadian National Railway (TSE:CNR) (NYSE:CNI) was upgraded by investment analysts at National Bank Financial from a “hold” rating to a “strong-buy” rating in a research report issued to clients and investors on Wednesday, Zacks.com reports. National Bank Financial also issued estimates for Canadian National Railway’s Q4 2024 earnings at $2.34 EPS and FY2024 earnings at $8.06 EPS.

Other equities analysts have also issued reports about the stock. Sanford C. Bernstein increased their price objective on shares of Canadian National Railway from C$191.00 to C$195.00 and gave the company an “outperform” rating in a report on Monday, April 15th. Scotiabank increased their price objective on shares of Canadian National Railway from C$173.00 to C$184.00 and gave the company a “sector perform” rating in a report on Monday, March 25th. BMO Capital Markets lowered their target price on shares of Canadian National Railway from C$195.00 to C$188.00 and set an “outperform” rating for the company in a research note on Wednesday, June 19th. CIBC upped their target price on shares of Canadian National Railway from C$177.00 to C$183.00 and gave the company a “neutral” rating in a research note on Wednesday, March 27th. Finally, Barclays upped their target price on shares of Canadian National Railway from C$170.00 to C$175.00 in a research note on Thursday, April 4th. One research analyst has rated the stock with a sell rating, seven have given a hold rating, five have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, Canadian National Railway currently has an average rating of “Hold” and an average price target of C$184.00.

Canadian National Railway Price Performance

Shares of CNR stock opened at C$161.55 on Wednesday. The firm’s 50 day moving average is C$170.04 and its 200-day moving average is C$171.07. Canadian National Railway has a 1 year low of C$143.13 and a 1 year high of C$181.34. The firm has a market capitalization of C$102.78 billion, a price-to-earnings ratio of 19.70, a PEG ratio of 2.06 and a beta of 0.66. The company has a current ratio of 0.60, a quick ratio of 0.58 and a debt-to-equity ratio of 101.48.

Canadian National Railway (TSE:CNR) (NYSE:CNI) last announced its quarterly earnings data on Tuesday, April 23rd. The company reported C$1.72 earnings per share for the quarter, meeting the consensus estimate of C$1.72. Canadian National Railway had a net margin of 32.86% and a return on equity of 27.06%. The business had revenue of C$4.25 billion for the quarter, compared to analyst estimates of C$4.29 billion. Sell-side analysts forecast that Canadian National Railway will post 7.7897884 EPS for the current fiscal year.

Insider Buying and Selling

In other Canadian National Railway news, Director Shauneen Elizabeth Bruder purchased 544 shares of the stock in a transaction that occurred on Tuesday, June 25th. The shares were acquired at an average cost of C$160.21 per share, with a total value of C$87,156.42. 1.69% of the stock is owned by 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.