Raymond James Raises Canadian National Railway (TSE:CNR) Price Target to C$190.00

Canadian National Railway (TSE:CNR) (NYSE:CNI) had its target price lifted by Raymond James from C$185.00 to C$190.00 in a research note published on Monday morning, BayStreet.CA reports. Raymond James currently has an outperform rating on the stock. Raymond James also issued estimates for Canadian National Railway’s Q1 2024 earnings at $1.73 EPS, Q2 2024 earnings at $1.99 EPS, Q4 2024 earnings at $2.25 EPS and FY2025 earnings at $8.25 EPS.

A number of other brokerages have also recently issued reports on CNR. Barclays raised their target price on Canadian National Railway from C$170.00 to C$175.00 in a report on Thursday, April 4th. Royal Bank of Canada raised their target price on Canadian National Railway from C$164.00 to C$171.00 in a report on Monday, April 1st. JPMorgan Chase & Co. raised their target price on Canadian National Railway from C$158.00 to C$164.00 and gave the stock a neutral rating in a report on Wednesday, January 24th. Sanford C. Bernstein raised their target price on Canadian National Railway from C$191.00 to C$195.00 and gave the stock an outperform rating in a report on Monday, April 15th. Finally, ATB Capital raised their target price on Canadian National Railway from C$165.00 to C$180.00 and gave the stock a sector perform rating in a report on Wednesday, January 24th. One analyst has rated the stock with a sell rating, eight have given a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of Hold and a consensus price target of C$184.50.

Canadian National Railway Price Performance

Shares of CNR stock opened at C$168.35 on Monday. The stock has a 50-day moving average price of C$176.07 and a 200 day moving average price of C$165.60. The company has a quick ratio of 0.58, a current ratio of 0.61 and a debt-to-equity ratio of 93.89. The firm has a market cap of C$107.78 billion, a price-to-earnings ratio of 19.74, a PEG ratio of 2.06 and a beta of 0.65. Canadian National Railway has a 12 month low of C$143.13 and a 12 month high of C$181.34.

Canadian National Railway (TSE:CNR) (NYSE:CNI) last announced its quarterly earnings data on Tuesday, January 23rd. The company reported C$2.02 EPS for the quarter, topping analysts’ consensus estimates of C$1.96 by C$0.06. Canadian National Railway had a return on equity of 27.11% and a net margin of 33.43%. The firm had revenue of C$4.47 billion during the quarter, compared to analyst estimates of C$4.38 billion. Research analysts expect that Canadian National Railway will post 8.0140399 EPS for the current year.

Insider Activity

In other news, Senior Officer Derek Michael Taylor sold 2,610 shares of Canadian National Railway stock in a transaction dated Monday, February 26th. The stock was sold at an average price of C$131.26, for a total transaction of C$342,577.38. In other Canadian National Railway news, Senior Officer Derek Michael Taylor sold 2,610 shares of the business’s stock in a transaction that occurred on Monday, February 26th. The stock was sold at an average price of C$131.26, for a total value of C$342,577.38. Also, Director Shauneen Elizabeth Bruder bought 488 shares of the business’s stock in a transaction on Tuesday, March 26th. The stock was purchased at an average price of C$177.40 per share, for a total transaction of C$86,571.20. 1.67% of the stock is currently owned by company insiders.

About Canadian National Railway

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.