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

Canadian National Railway (TSE:CNR - Get Free Report) NYSE: CNI had its price target raised 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 brokerage currently has a "sector perform" rating on the stock.

CNR has been the subject of a number of other reports. CIBC reduced their price target on shares of Canadian National Railway from C$170.00 to C$160.00 and set a "neutral" rating for the company in a research report on Wednesday, September 11th. National Bank Financial raised shares of Canadian National Railway from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, June 26th. Desjardins reduced their price target on shares of Canadian National Railway from C$192.00 to C$181.00 and set a "buy" rating for the company in a research report on Wednesday, September 11th. Raymond James reduced their price target on shares of 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. Finally, JPMorgan Chase & Co. cut their price objective on shares of Canadian National Railway from C$180.00 to C$176.00 in a research report on Wednesday, July 24th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average price target of C$175.36.

Canadian National Railway Stock Performance

The business's 50 day moving average price is C$158.12 and its 200-day moving average price is C$166.41. The company has a market capitalization of C$99.69 billion, a price-to-earnings ratio of 18.73, a P/E/G ratio of 2.06 and a beta of 0.65. The company has a quick ratio of 0.58, a current ratio of 0.63 and a debt-to-equity ratio of 107.62. Canadian National Railway has a 12-month low of C$143.13 and a 12-month high of C$181.34.

Canadian National Railway (TSE:CNR - Get Free Report) NYSE: CNI last posted its quarterly earnings data 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). Canadian National Railway had a return on equity of 27.41% and a net margin of 32.02%. The company had revenue of C$4.33 billion during the quarter, compared to analyst estimates of C$4.40 billion. As a group, sell-side analysts forecast that Canadian National Railway will post 8.4685501 earnings per share for the current year.

Insider Buying and Selling at Canadian National Railway

In other Canadian National Railway news, Director Susan C. Jones purchased 1,230 shares of the business's stock in a transaction that occurred on Tuesday, September 17th. The stock was acquired at an average cost of C$162.05 per share, with a total value of C$199,324.82. In other news, Director Shauneen Elizabeth Bruder acquired 543 shares of the company's stock in a transaction on Wednesday, September 25th. The stock was purchased at an average cost of C$157.53 per share, with a total value of C$85,539.88. Also, Director Susan C. Jones acquired 1,230 shares of the company's stock in a transaction on Tuesday, September 17th. The shares were purchased at an average cost of C$162.05 per share, with a total value of C$199,324.82. Over the last three months, insiders purchased 4,383 shares of company stock valued at $585,772. 1.69% of the stock is currently owned by company 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.