TD Securities Cuts Canadian National Railway (TSE:CNR) Price Target to C$164.00

Canadian National Railway (TSE:CNR) (NYSE:CNI) had its price target trimmed by TD Securities from C$166.00 to C$164.00 in a report issued on Monday,BayStreet.CA reports. The brokerage currently has a buy rating on the stock.

Other analysts have also issued reports about the company. ATB Capital reduced their price objective on Canadian National Railway from C$153.00 to C$146.00 and set a “sector perform” rating on the stock in a research note on Monday. JPMorgan Chase & Co. dropped their target price on shares of Canadian National Railway from C$149.00 to C$147.00 in a report on Monday. Desjardins reduced their price target on shares of Canadian National Railway from C$161.00 to C$160.00 and set a “buy” rating on the stock in a research note on Monday, January 12th. Scotiabank upped their price objective on shares of Canadian National Railway from C$160.00 to C$163.00 and gave the stock an “outperform” rating in a research report on Wednesday, January 21st. Finally, Vertical Research raised shares of Canadian National Railway from a “hold” rating to a “strong-buy” rating in a research note on Monday, January 5th. Three research analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating and eight have assigned a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of C$151.60.

Canadian National Railway Stock Performance

Shares of TSE:CNR opened at C$135.23 on Monday. Canadian National Railway has a 1 year low of C$126.11 and a 1 year high of C$152.12. The stock has a market capitalization of C$82.97 billion, a price-to-earnings ratio of 17.86, a price-to-earnings-growth ratio of 3.38 and a beta of 0.85. The company has a debt-to-equity ratio of 107.59, a current ratio of 0.64 and a quick ratio of 0.58. The company’s 50 day simple moving average is C$135.65 and its 200 day simple moving average is C$133.09.

Canadian National Railway (TSE:CNR) (NYSE:CNI) last released its earnings results on Friday, January 30th. The company reported C$2.08 earnings per share for the quarter. Canadian National Railway had a return on equity of 27.10% and a net margin of 31.20%.The firm had revenue of C$4.46 billion during the quarter. As a group, research analysts predict that Canadian National Railway will post 8.2610275 EPS for the current fiscal year.

Canadian National Railway Company Profile

CN powers the economy by safely transporting more than 300 million tons of natural resources, manufactured products, and finished goods throughout North America every year for its customers. With its nearly 20,000-mile rail network and related transportation services, CN connects Canada’s Eastern and Western coasts with the U.S. Midwest and the U.S. Gulf Coast, contributing to sustainable trade and the prosperity of the communities in which it operates since 1919.