Canadian National Railway (TSE:CNR) Given Consensus Recommendation of "Moderate Buy" by Brokerages

Key Points

• Canadian National Railway has a “Moderate Buy” consensus among 20 analysts, including nine buy ratings, three strong-buy ratings and eight holds. The average 12-month price target is C$183.29, with several brokerages recently raising their targets as high as C$199.
• CNR shares opened at C$174.34, down 1.2%, but remain near their 52-week high of C$185.25. The company has a C$105.46 billion market capitalization and trades at a price-to-earnings ratio of 22.38.
• For its latest quarter, Canadian National Railway reported C$2.08 in earnings per share and C$4.75 billion in revenue, alongside a 26.92% net margin and 22.19% return on equity. A company director also purchased 350 shares worth approximately C$53,459.

Shares of Canadian National Railway (TSE:CNR - Get Free Report) NYSE: CNI have received a consensus recommendation of "Moderate Buy" from the twenty analysts that are covering the stock, MarketBeat Ratings reports. Eight equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and three have issued a strong buy rating on the company. The average 1-year target price among analysts that have updated their coverage on the stock in the last year is C$183.29.

Several brokerages have recently commented on CNR. Canadian Imperial Bank of Commerce upped their price target on Canadian National Railway from C$185.00 to C$198.00 in a research note on Monday, July 27th. Scotiabank boosted their price objective on shares of Canadian National Railway from C$162.00 to C$194.00 in a report on Thursday, July 16th. Desjardins upped their target price on shares of Canadian National Railway from C$185.00 to C$199.00 and gave the company a "buy" rating in a research report on Monday, July 27th. Wells Fargo & Company upped their target price on shares of Canadian National Railway from C$135.00 to C$145.00 and gave the company an "overweight" rating in a research report on Monday, July 27th. Finally, JPMorgan Chase & Co. increased their target price on shares of Canadian National Railway from C$175.00 to C$182.00 in a research note on Monday, July 27th.

Insider Activity at Canadian National Railway

In related news, Director Justin M. Howell acquired 350 shares of the stock in a transaction that occurred on Friday, May 15th. The stock was purchased at an average price of C$152.74 per share, with a total value of C$53,459.00. Following the transaction, the director owned 350 shares of the company's stock, valued at approximately C$53,459. This trade represents a ∞ increase in their position. Corporate insiders own 2.64% of the company's stock.

Canadian National Railway Stock Down 1.2%

CNR stock opened at C$174.34 on Tuesday. Canadian National Railway has a one year low of C$126.11 and a one year high of C$185.25. The firm has a market cap of C$105.46 billion, a PE ratio of 22.38, a PEG ratio of 3.38 and a beta of 1.19. The firm's 50 day moving average price is C$172.65 and its 200-day moving average price is C$156.44. The company has a debt-to-equity ratio of 103.26, a quick ratio of 0.57 and a current ratio of 0.87.

Canadian National Railway (TSE:CNR - Get Free Report) NYSE: CNI last issued its quarterly earnings data on Friday, July 24th. The company reported C$2.08 earnings per share for the quarter. The company had revenue of C$4.75 billion during the quarter. Canadian National Railway had a return on equity of 22.19% and a net margin of 26.92%. On average, equities research analysts anticipate that Canadian National Railway will post 8.2610275 EPS for the current year.

About Canadian National Railway

CN powers the economy by safely transporting more than 300 million tons of natural resources, manufactured products, and finished goods throughout North America every year for its customers. With its nearly 20,000-mile rail network and related transportation services, CN connects Canada's Eastern and Western coasts with the U.S. Midwest and the U.S. Gulf Coast, contributing to sustainable trade and the prosperity of the communities in which it operates since 1919.

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