Sanford C. Bernstein Increases Canadian National Railway (TSE:CNR) Price Target to C$195.00

Canadian National Railway (TSE:CNR) (NYSE:CNI) had its price objective hoisted by Sanford C. Bernstein from C$191.00 to C$195.00 in a report released on Monday, BayStreet.CA reports. The firm presently has an “outperform” rating on the stock. Sanford C. Bernstein’s target price suggests a potential upside of 10.87% from the company’s current price.

Several other equities analysts also recently issued reports on CNR. Barclays boosted their price objective on Canadian National Railway from C$170.00 to C$175.00 in a research report on Thursday, April 4th. TD Securities lifted their price target on Canadian National Railway from C$180.00 to C$185.00 and gave the company a “hold” rating in a research report on Wednesday, January 24th. CIBC lifted their price target on Canadian National Railway from C$177.00 to C$183.00 and gave the stock a “neutral” rating in a research note on Wednesday, March 27th. Raymond James lifted their target price on shares of Canadian National Railway from C$175.00 to C$185.00 in a research report on Monday, January 22nd. Finally, JPMorgan Chase & Co. lifted their price objective on shares of Canadian National Railway from C$158.00 to C$164.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 24th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat, Canadian National Railway currently has a consensus rating of “Hold” and a consensus target price of C$183.00.

Canadian National Railway Stock Performance

CNR stock opened at C$175.88 on Monday. Canadian National Railway has a 1 year low of C$143.13 and a 1 year high of C$181.34. The stock has a market capitalization of C$112.61 billion, a price-to-earnings ratio of 20.62, a PEG ratio of 2.06 and a beta of 0.65. The company has a debt-to-equity ratio of 93.89, a quick ratio of 0.58 and a current ratio of 0.61. The stock’s fifty day moving average is C$175.85 and its two-hundred day moving average is C$164.53.

Canadian National Railway (TSE:CNR) (NYSE:CNI) last issued its quarterly earnings data on Tuesday, January 23rd. The company reported C$2.02 earnings per share for the quarter, beating the consensus estimate of C$1.96 by C$0.06. The firm had revenue of C$4.47 billion for the quarter, compared to the consensus estimate of C$4.38 billion. Canadian National Railway had a net margin of 33.43% and a return on equity of 27.11%. On average, research analysts predict that Canadian National Railway will post 8.0140399 EPS for the current year.

Insider Buying and Selling at Canadian National Railway

In related news, Director Shauneen Elizabeth Bruder acquired 6,000 shares of the business’s stock in a transaction that occurred on Thursday, February 1st. The shares were acquired at an average cost of C$168.44 per share, with a total value of C$1,010,640.00. In other news, Senior Officer Derek Michael Taylor sold 2,610 shares of the stock in a transaction dated Monday, February 26th. The shares were sold at an average price of C$131.26, for a total transaction of C$342,577.38. Also, Director Shauneen Elizabeth Bruder purchased 6,000 shares of Canadian National Railway stock in a transaction that occurred on Thursday, February 1st. The shares were bought at an average cost of C$168.44 per share, with a total value of C$1,010,640.00. Insiders own 1.67% of the company’s stock.

Canadian National Railway Company Profile

Canadian National Railway Company, together with its subsidiaries, engages in the rail, intermodal, trucking, and marine transportation and logistics business in Canada and the United States. The company provides rail services, which include equipment, custom brokerage services, transloading and distribution, business development and real estate, and private car storage services; and intermodal services, such as temperature controlled cargo, port partnerships, and logistics parks.