Canadian National Railway (TSE:CNR) Stock Gets Price Target Increase from Royal Bank Of Canada

Canadian National Railway (TSE:CNR) (NYSE:CNI) had its price target lifted by research analysts at Royal Bank Of Canada from C$198.00 to C$200.00 in a research report issued to clients and investors on Monday, BayStreet reports. The brokerage presently has an “outperform” rating on the stock. Royal Bank Of Canada‘s target price points to a potential upside of 12.75% from the stock’s previous close.

Several other equities research analysts have also recently issued reports on the stock. Sanford C. Bernstein raised their target price on shares of Canadian National Railway from C$163.00 to C$196.00 in a report on Thursday, July 16th. National Bank Financial boosted their target price on shares of Canadian National Railway from C$190.00 to C$194.00 and gave the company a “sector perform” rating in a research note on Monday. Scotiabank lowered their price target on Canadian National Railway from C$199.00 to C$198.00 and set a “sector outperform” rating on the stock in a report on Thursday, October 15th. Scotia raised their price target on Canadian National Railway from C$198.00 to C$200.00 and gave the stock a “sector perform” rating in a research note on Monday. Finally, ATB Cormack lifted their price objective on Canadian National Railway from C$185.00 to C$190.00 and gave the stock a “sector perform” rating in a report on Thursday, October 15th. Three research analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating and ten have given a Hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of C$184.74.

Canadian National Railway Stock Performance

Shares of Canadian National Railway stock traded up C$4.57 during trading hours on Monday, hitting C$177.38. 377,371 shares of the company’s stock traded hands, compared to its average volume of 1,567,564. The stock has a market capitalization of C$107.16 billion, a price-to-earnings ratio of 22.77, a PEG ratio of 3.38 and a beta of 1.16. Canadian National Railway has a 12-month low of C$128.05 and a 12-month high of C$185.25. The company has a debt-to-equity ratio of 105.88, a current ratio of 0.82 and a quick ratio of 0.57. The company has a fifty day simple moving average of C$170.69 and a 200-day simple moving average of C$160.29.

Canadian National Railway (TSE:CNR) (NYSE:CNI) last posted its quarterly earnings data on Friday, October 30th. The company reported C$2.16 EPS for the quarter. The business had revenue of C$4.77 billion for the quarter. Canadian National Railway had a return on equity of 22.34% and a net margin of 26.42%. Equities research analysts anticipate that Canadian National Railway will post 8.26 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.