Canadian National Railway (TSE:CNR) Given New C$169.00 Price Target at Royal Bank of Canada

Canadian National Railway (TSE:CNR) (NYSE:CNI) had its target price boosted by analysts at Royal Bank of Canada from C$160.00 to C$169.00 in a research report issued to clients and investors on Monday, BayStreet.CA reports. The brokerage presently has a “sector perform” rating on the stock. Royal Bank of Canada’s target price points to a potential upside of 6.94% from the stock’s previous close.

Several other equities analysts also recently commented on CNR. CIBC cut their price objective on Canadian National Railway from C$170.00 to C$160.00 and set a “neutral” rating on the stock in a research report on Wednesday, September 11th. JPMorgan Chase & Co. cut their price objective on Canadian National Railway from C$180.00 to C$176.00 in a research report on Wednesday, July 24th. Stephens raised Canadian National Railway to a “hold” rating in a research report on Wednesday, July 24th. BMO Capital Markets cut their price objective on Canadian National Railway from C$182.00 to C$178.00 and set an “outperform” rating on the stock in a research report on Wednesday, September 11th. Finally, Desjardins lowered their target price on Canadian National Railway from C$192.00 to C$181.00 and set a “buy” rating for the company in a report on Wednesday, September 11th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating, five have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average target price of C$175.36.

Canadian National Railway Stock Performance

TSE CNR opened at C$158.03 on Monday. The company has a market cap 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. The business’s 50 day moving average price is C$157.96 and its 200-day moving average price is C$166.35. Canadian National Railway has a fifty-two week low of C$143.13 and a fifty-two week high of C$181.34.

Canadian National Railway (TSE:CNR) (NYSE:CNI) last released its earnings results on Tuesday, July 23rd. The company reported C$1.84 earnings per share for the quarter, missing the consensus estimate of C$1.93 by C($0.09). The company had revenue of C$4.33 billion for the quarter, compared to the consensus estimate of C$4.40 billion. Canadian National Railway had a net margin of 32.02% and a return on equity of 27.41%. Sell-side analysts predict that Canadian National Railway will post 8.4685501 earnings per share for the current year.

Insider Activity at Canadian National Railway

In other news, Director Josephine Ann Marie Depass Olsovsky acquired 2,610 shares of the business’s stock in a transaction dated Friday, July 26th. The shares were acquired at an average cost of C$115.29 per share, with a total value of C$300,906.90. In other news, Director Josephine Ann Marie Depass Olsovsky acquired 2,610 shares of the business’s stock in a transaction dated Friday, July 26th. The shares were acquired at an average cost of C$115.29 per share, with a total value of C$300,906.90. Also, Director Susan C. Jones acquired 1,230 shares of the business’s stock in a transaction dated Tuesday, September 17th. The stock was purchased at an average cost of C$162.05 per share, for a total transaction of C$199,324.82. Insiders have acquired 4,383 shares of company stock valued at $585,772 in the last ninety days. Corporate insiders own 1.69% of the company’s stock.

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.