Canadian National Railway Receives Strong Upgrade from Evercore ISI

Canadian National Railway (TSE:CNR) has been upgraded by analysts at Evercore ISI. The firm changed its recommendation from a "hold" rating to a "strong-buy" rating in a report published on Thursday.

Canadian National Railway has recently attracted attention from various financial analysts. For instance, Raymond James revised their target price for the stock, lowering it from C$187.00 to C$180.00, while maintaining an "outperform" rating. This was reported on September 11th. BMO Capital Markets also adjusted their price target downward from C$182.00 to C$178.00 and kept the "outperform" rating on the same date. Additionally, ATB Capital increased their target price from C$167.00 to C$168.00 on October 23rd. Meanwhile, UBS Group lifted their price target from C$189.00 to C$190.00 on October 24th. Furthermore, National Bankshares cut their target from C$181.00 to C$178.00 while also maintaining an "outperform" rating on October 23rd.

Overall, market analytics show a mix of ratings for Canadian National Railway, with one analyst issuing a sell rating, seven maintaining a hold, seven suggesting a buy, and four recommending a strong buy. According to data from MarketBeat, the shares currently hold a consensus rating of "Moderate Buy" and a consensus target price of C$171.07.

Recent Trading Performance

On Thursday, shares of Canadian National Railway increased by 0.3%, reaching a price of C$145.34. The trading volume for the day was approximately 3,242,450 shares, well above the average of 1,140,871 shares. The stock's 50-day moving average stands at C$153.20, while the 200-day moving average is at C$158.16. The company has a market capitalization of C$91.49 billion, a price-to-earnings (P/E) ratio of 17.26, and a price-to-earnings-growth (PEG) ratio of 3.38. The stock has experienced a low of C$143.72 and a high of C$181.34 over the past year. Financial ratios indicate a current ratio of 0.63, a quick ratio of 0.58, and a debt-to-equity ratio of 107.62.

Insider Transactions

In other developments, insider trading activity has been noted as well. Director Tracy Robinson acquired 3,300 shares of Canadian National Railway on November 20th at an average price of C$147.99, totaling C$488,380.20. Additionally, Director Shauneen Elizabeth Bruder purchased 543 shares at an average price of C$157.53 on September 25th, amounting to C$85,539.88. Over the past three months, insiders have bought a total of 6,629 shares valued at approximately C$1,003,190, and they hold about 2.64% of the company’s outstanding shares.

Company Overview

Canadian National Railway Company, along with its subsidiaries, operates in the field of rail transport and logistics across Canada and the United States. The company offers a range of services, including rail transport, intermodal transportation, trucking, and marine logistics. Additional services include custom brokerage, transloading, distribution, and private car storage.

Railway, Upgrade, Investment