Vertical Research Upgrades Canadian National Railway (TSE:CNR) to “Strong-Buy”

Canadian National Railway (TSE:CNR) (NYSE:CNI) was upgraded by equities researchers at Vertical Research from a “hold” rating to a “strong-buy” rating in a report released on Monday,Zacks.com reports.

CNR has been the subject of a number of other research reports. JPMorgan Chase & Co. reduced their price objective on shares of Canadian National Railway from C$154.00 to C$153.00 and set a “neutral” rating for the company in a research note on Wednesday, October 8th. CIBC upgraded Canadian National Railway from a “neutral” rating to an “outperform” rating and increased their price target for the company from C$146.00 to C$151.00 in a research note on Friday, November 28th. Desjardins raised their price target on Canadian National Railway from C$151.00 to C$161.00 and gave the stock a “buy” rating in a report on Friday, December 12th. Royal Bank Of Canada dropped their price objective on shares of Canadian National Railway from C$158.00 to C$153.00 and set an “outperform” rating on the stock in a report on Thursday, December 18th. Finally, Citigroup increased their price objective on Canadian National Railway from C$119.00 to C$120.00 and gave the company a “buy” rating in a report on Monday, November 3rd. Three equities research analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, Canadian National Railway presently has an average rating of “Moderate Buy” and an average price target of C$153.20.

Canadian National Railway Trading Up 1.6%

Shares of CNR opened at C$139.00 on Monday. The company has a 50-day moving average of C$134.39 and a 200 day moving average of C$133.93. 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 has a 1-year low of C$126.11 and a 1-year high of C$154.56. The firm has a market capitalization of C$85.55 billion, a price-to-earnings ratio of 18.89, a PEG ratio of 3.38 and a beta of 0.80.

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