Royal Bank Of Canada Issues Pessimistic Forecast for Canadian National Railway (TSE:CNR) Stock Price

Canadian National Railway (TSE:CNR) (NYSE:CNI) had its price objective decreased by stock analysts at Royal Bank Of Canada from C$158.00 to C$153.00 in a note issued to investors on Thursday,BayStreet.CA reports. The firm presently has an “outperform” rating on the stock. Royal Bank Of Canada’s price target points to a potential upside of 11.71% from the stock’s current price.

Several other brokerages have also weighed in on CNR. Desjardins upped their price objective on Canadian National Railway from C$151.00 to C$161.00 and gave the company a “buy” rating in a report on Friday, December 12th. ATB Capital upped their price target on shares of Canadian National Railway from C$150.00 to C$151.00 and gave the company a “sector perform” rating in a report on Monday, November 3rd. Scotiabank lifted their price objective on shares of Canadian National Railway from C$150.00 to C$160.00 and gave the stock an “outperform” rating in a research note on Monday, November 3rd. Citigroup increased their target price on shares of Canadian National Railway from C$119.00 to C$120.00 and gave the company a “buy” rating in a research note on Monday, November 3rd. Finally, JPMorgan Chase & Co. decreased their price target on shares of Canadian National Railway from C$154.00 to C$153.00 and set a “neutral” rating on the stock in a research report on Wednesday, October 8th. Two investment analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, Canadian National Railway presently has an average rating of “Moderate Buy” and an average target price of C$153.20.

Canadian National Railway Stock Performance

Shares of TSE CNR traded up C$2.64 during midday trading on Thursday, reaching C$136.96. 709,620 shares of the company traded hands, compared to its average volume of 1,509,784. The company has a market cap of C$84.30 billion, a price-to-earnings ratio of 18.61, a PEG ratio of 3.38 and a beta of 0.82. The stock has a 50-day moving average price of C$133.69 and a 200 day moving average price of C$134.62. Canadian National Railway has a 52 week low of C$126.11 and a 52 week high of C$154.56. The company has a debt-to-equity ratio of 107.59, a current ratio of 0.64 and a quick ratio of 0.58.

Canadian National Railway (TSE:CNR) (NYSE:CNI) last issued its quarterly earnings results on Friday, October 31st. The company reported C$1.83 earnings per share for the quarter. Canadian National Railway had a net margin of 31.20% and a return on equity of 27.10%. The company had revenue of C$4.17 billion during the quarter. Sell-side analysts anticipate that Canadian National Railway will post 8.2610275 earnings per share 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.