Canadian National Railway (CNR) Given a C$117.00 Price Target by Morgan Stanley Analysts
Canadian National Railway (TSE:CNR) (NYSE:CNI) has been assigned a C$117.00 price target by analysts at Morgan Stanley in a report released on Monday. Morgan Stanley’s price objective would indicate a potential upside of 8.09% from the company’s current price.
A number of other equities analysts have also recently weighed in on CNR. BMO Capital Markets set a C$116.00 price target on Canadian National Railway and gave the stock a “market perform” rating in a report on Thursday, January 31st. JPMorgan Chase & Co. boosted their price target on Canadian National Railway from C$116.00 to C$119.00 in a report on Wednesday, January 30th. TD Securities boosted their price target on Canadian National Railway from C$125.00 to C$130.00 and gave the stock a “buy” rating in a report on Wednesday, January 30th. Raymond James reissued an “outperform” rating and issued a C$125.00 price target on shares of Canadian National Railway in a report on Wednesday, January 30th. Finally, CIBC boosted their price target on Canadian National Railway from C$118.00 to C$119.00 in a report on Wednesday, January 30th. Three analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average price target of C$118.00.
Shares of TSE CNR traded down C$1.40 during trading on Monday, reaching C$108.24. The company had a trading volume of 500,218 shares, compared to its average volume of 1,177,100. Canadian National Railway has a twelve month low of C$90.84 and a twelve month high of C$118.62. The stock has a market cap of $80.31 billion and a price-to-earnings ratio of 18.45. The company has a quick ratio of 0.41, a current ratio of 0.78 and a debt-to-equity ratio of 71.25.
Canadian National Railway Company Profile
Canadian National Railway Company engages in rail and related transportation business. The company transports cargo serving exporters, importers, retailers, farmers, and manufacturers. It operates a network of approximately 20,000 route miles of track spans Canada and mid-America connecting the Atlantic, the Pacific, and the Gulf of Mexico.
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