Scotiabank Cuts Canadian National Railway (TSE:CNR) Price Target to C$155.00

Canadian National Railway (TSE:CNR) (NYSE:CNI) had its price target decreased by Scotiabank from C$163.00 to C$155.00 in a report issued on Monday,BayStreet.CA reports. Scotiabank currently has an outperform rating on the stock.

A number of other equities research analysts also recently commented on CNR. JPMorgan Chase & Co. lowered their price objective on Canadian National Railway from C$149.00 to C$147.00 in a research report on Monday. Desjardins lowered their price target on Canadian National Railway from C$160.00 to C$156.00 and set a “buy” rating for the company in a report on Monday. 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 for the company in a research note on Thursday, December 18th. Citigroup raised their target price on shares of Canadian National Railway from C$119.00 to C$120.00 and gave the stock a “buy” rating in a research report on Monday, November 3rd. Finally, CIBC upped their price target on shares of Canadian National Railway from C$151.00 to C$154.00 in a research report on Thursday, January 8th. Three analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating and eight have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of C$151.60.

Canadian National Railway Stock Performance

TSE:CNR opened at C$135.23 on Monday. The company has a debt-to-equity ratio of 107.59, a current ratio of 0.64 and a quick ratio of 0.58. The firm has a market cap of C$82.97 billion, a PE ratio of 17.86, a P/E/G ratio of 3.38 and a beta of 0.85. The firm has a 50 day simple moving average of C$135.65 and a 200-day simple moving average of C$133.09. Canadian National Railway has a 1-year low of C$126.11 and a 1-year high of C$152.12.

Canadian National Railway (TSE:CNR) (NYSE:CNI) last released its earnings results on Friday, January 30th. The company reported C$2.08 EPS for the quarter. The firm had revenue of C$4.46 billion during the quarter. Canadian National Railway had a net margin of 31.20% and a return on equity of 27.10%. On average, equities analysts expect that Canadian National Railway will post 8.2610275 EPS 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.