Canadian National Railway (TSE:CNR) Sets New 12-Month High - What's Next?

Key Points

• New 52-week high: Shares hit a 52-week high of C$158.25 mid-day and last traded at C$157.36 on volume of 1,274,093 shares.
• Analyst view: The consensus rating is a Moderate Buy with a consensus price target of C$157.19, while several brokers have raised targets (TD to C$171, RBC to C$160) even as UBS downgraded to Hold.
• Fundamentals and insider buying: CN reported quarterly EPS of C$2.08 with a 27.28% net margin and ROE of 21.95%, market cap ~C$96.21B and P/E 20.79, and directors purchased shares recently (Albert Monaco 7,400 at C$135.68; Shauneen Bruder 620 at C$141.07), with insiders owning 2.64%.

Shares of Canadian National Railway (TSE:CNR - Get Free Report) NYSE: CNI hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as C$158.25 and last traded at C$157.36, with a volume of 1274093 shares traded. The stock had previously closed at C$156.73.

Analysts Set New Price Targets

Several equities research analysts have issued reports on the stock. Canadian Imperial Bank of Commerce raised their price objective on shares of Canadian National Railway from C$151.00 to C$154.00 in a research report on Thursday, January 8th. UBS Group downgraded shares of Canadian National Railway from a "strong-buy" rating to a "hold" rating in a research report on Monday, February 2nd. Royal Bank Of Canada raised their price objective on shares of Canadian National Railway from C$151.00 to C$160.00 in a research report on Thursday, March 26th. JPMorgan Chase & Co. raised their price objective on shares of Canadian National Railway from C$147.00 to C$153.00 in a research report on Tuesday, April 7th. Finally, TD raised their price objective on shares of Canadian National Railway from C$164.00 to C$171.00 and gave the stock a "buy" rating in a research report on Monday, April 13th. Three analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating and seven have given a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of C$157.19.

Canadian National Railway Trading Up 0.4%

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 business's 50-day moving average price is C$147.50 and its two-hundred day moving average price is C$139.73. The company has a market capitalization of C$96.21 billion, a price-to-earnings ratio of 20.79, a P/E/G ratio of 3.38 and a beta of 1.08.

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

Insider Buying and Selling

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