Canadian National Railway Receives Strong Buy Upgrade from Evercore ISI

Canadian National Railway (TSE:CNR, NYSE: CNI) has seen an upgrade from analysts at Evercore ISI, moving from a "hold" rating to a "strong-buy" rating, according to a report released on Thursday.

This upgrade comes amidst a flurry of recent evaluations and changes in target prices among various financial analysts regarding Canadian National Railway. For instance, Raymond James recently reduced their target price for the railway company from C$187.00 to C$180.00 while maintaining an "outperform" rating as reported on September 11th. Similarly, BMO Capital Markets adjusted their price target downward from C$182.00 to C$178.00, also classifying the stock as an "outperform" on the same day.

Adding to the analysis, ATB Capital boosted their target price from C$167.00 to C$168.00 in a report released on October 23rd. Meanwhile, UBS Group increased its price target from C$189.00 to C$190.00 on October 24th. National Bankshares also lowered their price objective from C$181.00 to C$178.00, while retaining an "outperform" rating on October 23rd.

Currently, the market has seen varied analyst opinions on the stock: one analyst has issued a sell rating, seven have rated it a hold, seven have designated it as a buy, and four have classified it as a strong buy. Overall, analysts have come to a consensus rating of "Moderate Buy" for Canadian National Railway, with a target price averaging C$171.07, according to MarketBeat.

Current Stock Performance

On Thursday, shares of Canadian National Railway rose by 0.3%, trading up C$0.47 to reach a price of C$145.34. During trading hours, the volume reached 3,242,450 shares, significantly surpassing the average trading volume of 1,140,871. The stock is currently positioned with a 50-day moving average of C$153.20 and a 200-day moving average of C$158.16, reflecting its market capitalization of C$91.49 billion. Canadian National Railway has experienced a price-to-earnings (P/E) ratio of 17.26 and a price-to-earnings-growth (PEG) ratio of 3.38.

The shares have fluctuated within a year, with a low of C$143.72 and a high of C$181.34. Additionally, the company's current ratio stands at 0.63, its quick ratio at 0.58, and it reports a debt-to-equity ratio of 107.62.

Insider Buying Activity

In other related news, insider transactions have been reported as well. On November 20th, Director Tracy Robinson purchased 3,300 shares at an average price of C$147.99 per share for a transaction total of C$488,380.20. Furthermore, Director Shauneen Elizabeth Bruder acquired 543 shares at an average price of C$157.53 in a transaction dated September 25th, amounting to C$85,539.88. Over the past three months, insiders of Canadian National Railway have purchased a total of 6,629 shares valued at approximately C$1,003,190, meaning that insiders collectively own 2.64% of the company's stock.

Company Overview

Canadian National Railway Company, including its subsidiaries, operates mainly in rail and intermodal transport along with trucking and marine logistics in both Canada and the United States. They offer a variety of rail services, such as equipment provision, custom brokerage, transloading, distribution, and private car storage, alongside intermodal services that cater to temperature-controlled cargo and port partnerships.

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