Canadian National Railway (TSE:CNR) Price Target Raised to C$169.00

Canadian National Railway (TSE:CNR) (NYSE:CNI) had its price objective lifted by investment analysts at BMO Capital Markets from C$158.00 to C$169.00 in a research note issued on Thursday,BayStreet.CA reports. BMO Capital Markets’ price objective would suggest a potential upside of 12.79% from the company’s current price.

CNR has been the topic of several other reports. 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. Desjardins dropped their price target on shares of Canadian National Railway from C$160.00 to C$156.00 and set a “buy” rating on the stock in a research note on Monday, February 2nd. TD Securities cut their price target on shares of Canadian National Railway from C$166.00 to C$164.00 and set a “buy” rating for the company in a report on Monday, February 2nd. Scotiabank lowered their price objective on Canadian National Railway from C$163.00 to C$155.00 and set an “outperform” rating on the stock in a report on Monday, February 2nd. Finally, UBS Group cut Canadian National Railway from a “strong-buy” rating to a “hold” rating in a research report on Monday, February 2nd. Three equities research analysts have rated the stock with a Strong Buy rating, six have given a Buy rating and seven have given a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of C$152.00.

Canadian National Railway Stock Performance

CNR stock traded up C$2.09 during trading on Thursday, hitting C$149.84. The company had a trading volume of 677,556 shares, compared to its average volume of 1,537,700. Canadian National Railway has a 1-year low of C$126.11 and a 1-year high of C$152.12. The firm has a 50-day moving average price of C$137.38 and a 200-day moving average price of C$133.95. The company has a quick ratio of 0.58, a current ratio of 0.64 and a debt-to-equity ratio of 107.59. The firm has a market cap of C$91.61 billion, a PE ratio of 19.79, a price-to-earnings-growth ratio of 3.38 and a beta of 0.85.

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 (EPS) for the quarter. Canadian National Railway had a return on equity of 27.10% and a net margin of 31.20%.The business had revenue of C$4.46 billion for the quarter. On average, analysts expect that Canadian National Railway will post 8.2610275 earnings per share for the current 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.