Raymond James Increases Canadian National Railway (CNR) Price Target to C$114.00

Canadian National Railway (TSE:CNR) (NYSE:CNI) had its price target boosted by investment analysts at Raymond James from C$110.00 to C$114.00 in a research note issued to investors on Friday. The brokerage currently has an “outperform” rating on the stock. Raymond James’ price target indicates a potential upside of 6.40% from the company’s previous close.

CNR has been the subject of a number of other research reports. Royal Bank of Canada cut their target price on shares of Canadian National Railway from C$112.00 to C$105.00 and set an “outperform” rating for the company in a research report on Tuesday, March 6th. Desjardins cut their target price on shares of Canadian National Railway from C$116.00 to C$115.00 and set a “buy” rating for the company in a research report on Wednesday, January 24th. Barclays cut their target price on shares of Canadian National Railway from C$110.00 to C$101.00 in a research report on Wednesday, April 18th. CIBC cut their target price on shares of Canadian National Railway from C$108.00 to C$105.00 in a research report on Monday, April 2nd. Finally, National Bank Financial cut their target price on shares of Canadian National Railway from C$108.00 to C$103.00 and set a “sector perform” rating for the company in a research report on Tuesday, March 20th. Two research analysts have rated the stock with a hold rating and six have given a buy rating to the company. Canadian National Railway has a consensus rating of “Buy” and a consensus target price of C$108.09.

TSE:CNR traded down C$0.30 during trading hours on Friday, reaching C$107.14. The company’s stock had a trading volume of 650,808 shares, compared to its average volume of 1,385,860. Canadian National Railway has a one year low of C$90.84 and a one year high of C$108.77.

Canadian National Railway (TSE:CNR) (NYSE:CNI) last issued its quarterly earnings data on Monday, April 23rd. The company reported C$1.00 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of C$1.02 by C($0.02). The business had revenue of C$3.19 billion during the quarter, compared to the consensus estimate of C$3.17 billion. Canadian National Railway had a return on equity of 65.99% and a net margin of 79.48%.

In other news, insider Sean Finn sold 3,100 shares of the company’s stock in a transaction dated Wednesday, April 25th. The shares were sold at an average price of C$97.58, for a total transaction of C$302,498.00. Insiders have sold 11,175 shares of company stock valued at $1,116,753 in the last ninety 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.

Analyst Recommendations for Canadian National Railway (TSE:CNR)

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