Canadian National Railway (TSE:CNR) Stock Rating Upgraded by National Bank Financial

Canadian National Railway (TSE:CNR) (NYSE:CNI) was upgraded by equities researchers at National Bank Financial from a “hold” rating to a “strong-buy” rating in a research report issued to clients and investors on Wednesday, Zacks.com reports. National Bank Financial also issued estimates for Canadian National Railway’s Q4 2024 earnings at $2.34 EPS and FY2024 earnings at $8.06 EPS.

A number of other research firms also recently weighed in on CNR. Barclays raised their price target on shares of Canadian National Railway from C$170.00 to C$175.00 in a research note on Thursday, April 4th. UBS Group cut their target price on shares of Canadian National Railway from C$205.00 to C$202.00 in a research report on Wednesday, April 24th. CIBC increased their price target on Canadian National Railway from C$177.00 to C$183.00 and gave the company a “neutral” rating in a research note on Wednesday, March 27th. Sanford C. Bernstein boosted their price objective on Canadian National Railway from C$191.00 to C$195.00 and gave the stock an “outperform” rating in a research report on Monday, April 15th. Finally, Raymond James increased their target price on Canadian National Railway from C$185.00 to C$190.00 and gave the company an “outperform” rating in a research report on Monday, April 22nd. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of C$184.00.

Canadian National Railway Stock Down 0.3 %

CNR stock opened at C$161.55 on Wednesday. Canadian National Railway has a 52 week low of C$143.13 and a 52 week high of C$181.34. The business has a 50-day simple moving average of C$170.04 and a 200 day simple moving average of C$171.07. The company has a quick ratio of 0.58, a current ratio of 0.60 and a debt-to-equity ratio of 101.48. The company has a market cap of C$102.78 billion, a PE ratio of 19.70, a price-to-earnings-growth ratio of 2.06 and a beta of 0.66.

Canadian National Railway (TSE:CNR) (NYSE:CNI) last posted its quarterly earnings results on Tuesday, April 23rd. The company reported C$1.72 EPS for the quarter, hitting analysts’ consensus estimates of C$1.72. The company had revenue of C$4.25 billion during the quarter, compared to analysts’ expectations of C$4.29 billion. Canadian National Railway had a return on equity of 27.06% and a net margin of 32.86%. Sell-side analysts anticipate that Canadian National Railway will post 7.7897884 EPS for the current fiscal year.

Insider Buying and Selling

In related news, Director Shauneen Elizabeth Bruder purchased 544 shares of Canadian National Railway stock in a transaction that occurred on Tuesday, June 25th. The stock was bought at an average price of C$160.21 per share, for a total transaction of C$87,156.42. 1.69% of the stock is owned by corporate 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.