Canadian National Railway (TSE:CNR) Price Target Raised to C$160.00

Key Points

• Scotiabank raised its price target on Canadian National Railway to C$160 (from C$155) and kept an "outperform" rating, implying roughly a 5.19% upside from the prior close.
• Analyst consensus is a "Moderate Buy" with a mean price target of C$154.33; analysts are mixed (3 Strong Buy, 6 Buy, 7 Hold) and the stock recently traded at C$152.10, giving CN a market cap of C$92.99 billion.
• Insider buying occurred—Director Albert Monaco purchased 7,400 shares at C$135.68 and Director Shauneen Bruder bought 620 shares at C$141.07, with insiders owning about 2.64% of the company.

Canadian National Railway (TSE:CNR - Get Free Report) NYSE: CNI had its price target upped by equities researchers at Scotiabank from C$155.00 to C$160.00 in a research note issued to investors on Thursday,BayStreet.CA reports. The firm currently has an "outperform" rating on the stock. Scotiabank's price target points to a potential upside of 5.19% from the company's previous close.

Other equities analysts also recently issued research reports about the company. Vertical Research upgraded Canadian National Railway from a "hold" rating to a "strong-buy" rating in a research report on Monday, January 5th. JPMorgan Chase & Co. lifted their price objective on Canadian National Railway from C$147.00 to C$153.00 in a research report on Tuesday. UBS Group downgraded Canadian National Railway from a "strong-buy" rating to a "hold" rating in a research report on Monday, February 2nd. BMO Capital Markets raised their target price on Canadian National Railway from C$158.00 to C$169.00 in a research note on Thursday, February 19th. Finally, TD Securities cut their target price on Canadian National Railway from C$166.00 to C$164.00 and set a "buy" rating for the company in a research note on Monday, February 2nd. Three equities research analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating and seven have given a Hold rating to the stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of C$154.33.

Canadian National Railway Trading Up 2.1%

Canadian National Railway stock traded up C$3.06 during trading on Thursday, reaching C$152.10. 713,747 shares of the company were exchanged, compared to its average volume of 1,858,445. Canadian National Railway has a 52-week low of C$126.11 and a 52-week high of C$154.63. The company has a market capitalization of C$92.99 billion, a P/E ratio of 20.09, a PEG ratio of 3.38 and a beta of 1.08. The company has a debt-to-equity ratio of 101.25, a current ratio of 0.67 and a quick ratio of 0.58. The stock's 50 day simple moving average is C$143.76 and its two-hundred day simple moving average is C$137.56.

Canadian National Railway (TSE:CNR - Get Free Report) NYSE: CNI last announced its quarterly earnings data on Friday, January 30th. The company reported C$2.08 EPS for the quarter. Canadian National Railway had a return on equity of 21.95% and a net margin of 27.28%.The firm had revenue of C$4.46 billion for the quarter. On average, equities research analysts expect that Canadian National Railway will post 8.2610275 earnings per share for the current fiscal year.

Insider Buying and Selling at Canadian National Railway

In other Canadian National Railway news, Director Albert Monaco bought 7,400 shares of the business's stock in a transaction on Friday, March 20th. The stock was bought at an average price of C$135.68 per share, with a total value of C$1,004,032.00. Following the completion of the purchase, the director directly owned 7,400 shares in the company, valued at C$1,004,032. The trade was a ∞ increase in their ownership of the stock. Also, Director Shauneen Elizabeth Bruder bought 620 shares of the business's stock in a transaction on Thursday, March 26th. The shares were acquired at an average cost of C$141.07 per share, with a total value of C$87,463.40. Following the purchase, the director owned 19,071 shares of the company's stock, valued at C$2,690,345.97. The trade was a 3.36% increase in their ownership of the stock. 2.64% of the stock is owned by company insiders.

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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