Canadian National Railway (TSE:CNR) Price Target Lowered to C$190.00 at National Bank Financial

Canadian National Railway (TSE:CNR) (NYSE:CNI) had its price target lowered by National Bank Financial from C$192.00 to C$190.00 in a note issued to investors on Wednesday, BayStreet reports. The firm currently has a “sector perform” rating on the stock. National Bank Financial’s price objective would indicate a potential upside of 12.25% from the stock’s current price.

Several other brokerages also recently weighed in on CNR. TD increased their price target on Canadian National Railway from C$191.00 to C$205.00 and gave the stock a “buy” rating in a report on Monday, July 27th. ATB Cormark Capital Markets lifted their target price on Canadian National Railway from C$166.00 to C$185.00 and gave the stock a “sector perform” rating in a research report on Monday, July 27th. Canadian Imperial Bank of Commerce upped their price target on shares of Canadian National Railway from C$185.00 to C$198.00 in a report on Monday, July 27th. BMO Capital Markets lifted their price objective on shares of Canadian National Railway from C$180.00 to C$195.00 in a report on Monday, July 27th. Finally, Raymond James Financial boosted their price objective on shares of Canadian National Railway from C$198.00 to C$200.00 and gave the company an “outperform” rating in a research report on Monday, July 27th. Three investment analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating and eight have issued a Hold rating to the stock. According to data from MarketBeat, Canadian National Railway currently has a consensus rating of “Moderate Buy” and an average price target of C$183.18.

Canadian National Railway Price Performance

CNR stock traded up C$1.00 during mid-day trading on Wednesday, hitting C$169.26. The company had a trading volume of 427,555 shares, compared to its average volume of 1,641,474. The company has a market capitalization of C$102.39 billion, a price-to-earnings ratio of 21.73, a P/E/G ratio of 3.38 and a beta of 1.13. The company has a 50-day moving average price of C$174.91 and a 200 day moving average price of C$162.78. The company has a quick ratio of 0.57, a current ratio of 0.87 and a debt-to-equity ratio of 103.26. Canadian National Railway has a 12-month low of C$126.96 and a 12-month high of C$185.25.

Canadian National Railway (TSE:CNR) (NYSE:CNI) last announced its earnings results on Friday, July 24th. The company reported C$2.08 earnings per share (EPS) for the quarter. The firm had revenue of C$4.75 billion for the quarter. Canadian National Railway had a net margin of 26.92% and a return on equity of 22.19%. On average, research analysts anticipate that Canadian National Railway will post 8.2610275 earnings per share for the current year.

About Canadian National Railway

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.