Canadian National Railway Upgraded to Strong-Buy by Evercore ISI

On Thursday, analysts at Evercore ISI upgraded their rating for Canadian National Railway (TSE:CNR - Get Free Report, NYSE:CNI) from a "hold" to a "strong-buy" in their latest report. This change indicates a more positive outlook on the company's future performance compared to previous evaluations.

Canadian National Railway has recently garnered attention from various financial institutions. For example, Raymond James revised their target price for the company, lowering it from C$187.00 to C$180.00, while maintaining an "outperform" rating in a report dated September 11th. Similarly, BMO Capital Markets adjusted their price target from C$182.00 to C$178.00, also holding an "outperform" rating.

Additionally, ATB Capital made a slight increase to their target price for Canadian National Railway, raising it from C$167.00 to C$168.00 in a report released on October 23rd. Furthermore, UBS Group raised their price target from C$189.00 to C$190.00 in a research note published shortly afterward. Meanwhile, National Bankshares reduced their target from C$181.00 to C$178.00, continuing to rate the stock as "outperform".

As of now, one analyst has placed a sell rating on the stock, while seven analysts have issued hold ratings, seven have given buy ratings, and four have characterized the stock as a strong buy. According to data analyzed from MarketBeat, Canadian National Railway has an average consensus rating of "Moderate Buy," with a consensus target price of C$171.07.

Canadian National Railway Stock Performance

On Thursday, shares of CNR experienced a slight increase of 0.3%, trading at a value of C$145.34. During the trading session, the company saw a significant volume of 3,242,450 shares exchanged, far surpassing its average volume of 1,140,871. Currently, the stock's 50-day moving average stands at C$153.20, and the 200-day moving average is at C$158.16.

Canadian National Railway boasts a market capitalization of C$91.49 billion and currently has a P/E ratio of 17.26, alongside a price-to-earnings-growth ratio of 3.38. The stock has experienced a 1-year low of C$143.72 and a high of C$181.34. Key ratios for the company include a current ratio of 0.63, a quick ratio of 0.58, and a debt-to-equity ratio of 107.62.

Insider Trading Activity

In recent insider trading news, Director Tracy Robinson acquired 3,300 shares of the company's stock on November 20th, at an average price of C$147.99 per share, bringing her total investment to C$488,380.20. Additionally, on September 25th, Director Shauneen Elizabeth Bruder purchased 543 shares at C$157.53 each, totaling C$85,539.88.

Over the last three months, insiders have gathered 6,629 shares of Canadian National Railway valued at approximately $1,003,190. Insiders hold about 2.64% of the company's stock, indicating a level of confidence in the firm’s future.

About Canadian National Railway

Canadian National Railway Company, along with its subsidiaries, operates in various transportation and logistics sectors across Canada and the United States. Its services encompass rail shipping, intermodal transport, trucking, and marine logistics. The company offers a range of rail services, including equipment rental, custom brokerage, transloading, distribution, business development, real estate services, and private car storage. Additionally, it provides intermodal services, such as temperature-controlled cargo distribution, port partnerships, and management of logistics parks.

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