Canadian National Railway Upgraded to Buy by TD Securities

Canadian National Railway (TSE:CNR - Get Free Report) has received an upgrade from equities research analysts at TD Securities. They have revised their rating for the railway company from "hold" to "buy" in a recent report issued on Monday. Along with the rating change, TD Securities has adjusted their target price for the stock, lowering it to C$170.00 from the previous C$175.00. This new target suggests a potential upside of 17.78% based on the stock's current trading price.

In addition to TD Securities, other analysts have also provided updates regarding Canadian National Railway. ATB Capital recently increased their price target from C$167.00 to C$168.00 in a report on October 23rd. Similarly, Evercore ISI upgraded the railway to a "strong-buy" rating on December 19th. Conversely, Barclays reduced their price target from C$165.00 to C$162.00, maintaining a "hold" rating.

Further insights reveal that Veritas upgraded the company from "hold" to "strong-buy" on the same date as ATB Capital's report. Meanwhile, JPMorgan Chase & Co. reaffirmed an "outperform" rating on January 7th. Currently, analysts have given the stock a mix of ratings: one analyst has a sell rating, five have a hold rating, nine have a buy rating, and four have assigned a strong buy rating. According to MarketBeat, the consensus rating for the stock is "Moderate Buy," with an average price target set at C$170.73.

Recent Trading Activity

During trading on Monday, Canadian National Railway saw an increment of C$0.19, bringing their stock price to C$144.34. The trading volume was 351,162 shares, which is lower than the average of 964,573. Over the last year, the stock has experienced a low of C$143.18 and a high of C$181.34. Currently, the market capitalization stands at C$90.86 billion, with a price-to-earnings (P/E) ratio of 17.14, a P/E/G ratio of 3.38, and a beta of 0.65. The company's 50-day moving average is C$150.69, while the 200-day moving average is C$155.69. Additionally, the debt-to-equity ratio measures at 107.62, with a current ratio of 0.63 and a quick ratio of 0.58.

Insider Transactions

In terms of insider trading, Director Tracy Robinson purchased 3,300 shares of Canadian National Railway on November 20th, paying an average price of C$147.99 per share for a total of C$488,380.20. Another director, Shauneen Elizabeth Bruder, acquired 608 shares on December 23rd at an average price of C$145.24 each, equating to C$88,307.74. In the past quarter, insiders have bought 6,694 shares valued at approximately $1,005,958, which signifies that corporate insiders own 2.64% of the company's stock.

Overview of Canadian National Railway

The Canadian National Railway Company, along with its subsidiaries, operates within the rail, intermodal, trucking, and marine transportation and logistics sectors in both Canada and the United States. Their offerings include rail services such as equipment provision, custom brokerage services, transloading, distribution, and real estate services, as well as intermodal services featuring temperature-controlled cargo and logistics solutions.

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