Canadian National Railway (TSE:CNR) Price Target Raised to C$160.00

Canadian National Railway (TSE:CNR) (NYSE:CNI) had its price objective hoisted by Royal Bank Of Canada from C$151.00 to C$160.00 in a report published on Thursday morning,BayStreet.CA reports.

Several other analysts also recently issued reports on CNR. Vertical Research raised Canadian National Railway from a “hold” rating to a “strong-buy” rating in a report on Monday, January 5th. BMO Capital Markets upped their price objective on Canadian National Railway from C$158.00 to C$169.00 in a research note on Thursday, February 19th. TD Securities dropped their target price on Canadian National Railway from C$166.00 to C$164.00 and set a “buy” rating on the stock in a research report on Monday, February 2nd. UBS Group cut Canadian National Railway from a “strong-buy” rating to a “hold” rating in a research note on Monday, February 2nd. Finally, Canadian Imperial Bank of Commerce boosted their price target on shares of Canadian National Railway from C$151.00 to C$154.00 in a report on Thursday, January 8th. Three analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating and seven have issued a Hold rating to the company. According to MarketBeat.com, Canadian National Railway has a consensus rating of “Moderate Buy” and a consensus price target of C$152.60.

Canadian National Railway Price Performance

CNR opened at C$140.82 on Thursday. The firm has a market cap of C$86.10 billion, a price-to-earnings ratio of 18.60, a price-to-earnings-growth ratio of 3.38 and a beta of 1.13. Canadian National Railway has a fifty-two week low of C$126.11 and a fifty-two week high of C$154.63. The company’s 50-day moving average price is C$142.42 and its 200 day moving average price is C$136.71. The company has a quick ratio of 0.58, a current ratio of 0.67 and a debt-to-equity ratio of 101.25.

Canadian National Railway (TSE:CNR) (NYSE:CNI) last issued its earnings results on Friday, January 30th. The company reported C$2.08 earnings per share (EPS) for the quarter. Canadian National Railway had a net margin of 27.28% and a return on equity of 21.95%. The firm had revenue of C$4.46 billion for the quarter. As a group, sell-side analysts expect that Canadian National Railway will post 8.2610275 earnings per share 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.