Canadian National Railway (TSE:CNR) (NYSE:CNI) had its target price raised by stock analysts at Raymond James from C$125.00 to C$135.00 in a research note issued to investors on Tuesday, BayStreet.CA reports. Raymond James’ price target suggests a potential upside of 9.32% from the company’s current price.
Several other research analysts have also issued reports on the company. Morgan Stanley cut their price target on Canadian National Railway from C$117.00 to C$116.00 in a report on Thursday, April 4th. National Bank Financial increased their price target on Canadian National Railway from C$110.00 to C$112.00 and gave the stock a “sector perform” rating in a report on Thursday, March 28th. BMO Capital Markets set a C$116.00 price target on Canadian National Railway and gave the stock a “market perform” rating in a report on Thursday, January 31st. CIBC increased their price target on Canadian National Railway from C$118.00 to C$119.00 in a report on Wednesday, January 30th. Finally, JPMorgan Chase & Co. increased their price target on Canadian National Railway from C$116.00 to C$119.00 in a report on Wednesday, January 30th. Three analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus price target of C$119.25.
TSE CNR traded up C$0.75 during trading hours on Tuesday, hitting C$123.49. 543,834 shares of the company’s stock were exchanged, compared to its average volume of 1,174,615. Canadian National Railway has a 1-year low of C$94.37 and a 1-year high of C$123.95. The stock has a market capitalization of $88.87 billion and a P/E ratio of 21.05. The company has a debt-to-equity ratio of 71.25, a current ratio of 0.78 and a quick ratio of 0.41.
In other news, Senior Officer Sean Finn sold 2,650 shares of the firm’s stock in a transaction that occurred on Monday, March 11th. The stock was sold at an average price of C$116.76, for a total value of C$309,421.95. Following the transaction, the insider now owns 18,185 shares in the company, valued at C$2,123,335.16. Also, Senior Officer Donald K. Reardon sold 11,400 shares of the firm’s stock in a transaction that occurred on Tuesday, March 19th. The shares were sold at an average price of C$115.57, for a total value of C$1,317,500.55. Following the completion of the transaction, the insider now owns 12,869 shares in the company, valued at approximately C$1,487,273.21. Insiders sold 47,767 shares of company stock worth $5,394,685 in the last 90 days.
About Canadian National Railway
Canadian National Railway Company engages in rail and related transportation business. The company transports cargo serving exporters, importers, retailers, farmers, and manufacturers. It operates a network of approximately 20,000 route miles of track spans Canada and mid-America connecting the Atlantic, the Pacific, and the Gulf of Mexico.
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