Canadian National Railway (TSE:CNR) Price Target Raised to C$171.00

Key Points

• TD raised its price target on Canadian National Railway to C$171.00 (from C$164.00) with a "buy" rating, implying about a 12.1% upside from the prior close.
• Analyst opinions are mixed — several firms cut or trimmed targets while others upgraded or raised targets; the MarketBeat consensus is a "Moderate Buy" with a mean price target of C$155.38.
• The stock traded at C$152.56 (up 0.2%) with a market cap of C$93.3B and a P/E of 20.15; CN reported quarterly EPS of C$2.08 and strong margins, and insiders recently bought shares, bringing insider ownership to 2.64%.

Canadian National Railway (TSE:CNR - Get Free Report) NYSE: CNI had its price target hoisted by analysts at TD from C$164.00 to C$171.00 in a research note issued to investors on Monday,BayStreet.CA reports. The firm currently has a "buy" rating on the stock. TD's price objective points to a potential upside of 12.09% from the company's previous close.

Several other research analysts have also weighed in on the company. UBS Group lowered Canadian National Railway from a "strong-buy" rating to a "hold" rating in a research report on Monday, February 2nd. National Bank Financial dropped their price target on Canadian National Railway from C$150.00 to C$147.00 and set a "sector perform" rating on the stock in a research report on Monday, February 2nd. Vertical Research raised Canadian National Railway from a "hold" rating to a "strong-buy" rating in a research report on Monday, January 5th. BMO Capital Markets upped their price target on Canadian National Railway from C$158.00 to C$169.00 in a research report on Thursday, February 19th. Finally, Scotiabank upped their price target on Canadian National Railway from C$155.00 to C$160.00 and gave the company an "outperform" rating in a research report on Thursday. Three analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating and seven have issued a Hold rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of C$155.38.

Canadian National Railway Stock Up 0.2%

TSE:CNR traded up C$0.30 during trading hours on Monday, hitting C$152.56. 337,453 shares of the company's stock traded hands, compared to its average volume of 1,838,521. The firm has a market cap of C$93.28 billion, a P/E ratio of 20.15, a P/E/G ratio of 3.38 and a beta of 1.08. Canadian National Railway has a twelve month low of C$126.11 and a twelve month high of C$154.63. The company has a debt-to-equity ratio of 101.25, a quick ratio of 0.58 and a current ratio of 0.67. The stock's fifty day moving average price is C$144.50 and its two-hundred day moving average price is C$137.98.

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

Insider Transactions at Canadian National Railway

In other news, Director Shauneen Elizabeth Bruder bought 620 shares of the stock in a transaction on Thursday, March 26th. The shares were purchased at an average price of C$141.07 per share, for a total transaction of C$87,463.40. Following the completion of the purchase, the director directly owned 19,071 shares of the company's stock, valued at C$2,690,345.97. This trade represents a 3.36% increase in their position. Also, Director Albert Monaco bought 7,400 shares of the stock in a transaction on Friday, March 20th. The stock was purchased at an average price of C$135.68 per share, for a total transaction of C$1,004,032.00. Following the purchase, the director directly owned 7,400 shares of the company's stock, valued at approximately C$1,004,032. This represents a ∞ increase in their ownership of the stock. Insiders own 2.64% of the company's stock.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.