Canadian National Railway (TSE:CNR) Receives C$183.29 Consensus Price Target from Brokerages

Canadian National Railway (TSE:CNR) (NYSE:CNI) has earned an average recommendation of “Moderate Buy” from the twenty research firms that are presently covering the company, MarketBeat Ratings reports. Eight equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and three have given a strong buy rating to the company. The average twelve-month price target among brokers that have issued a report on the stock in the last year is C$183.29.

A number of research firms recently commented on CNR. BMO Capital Markets lifted their price target on Canadian National Railway from C$180.00 to C$195.00 in a report on Monday, July 27th. Canadian Imperial Bank of Commerce lifted their target price on Canadian National Railway from C$185.00 to C$198.00 in a report on Monday, July 27th. Evercore raised shares of Canadian National Railway from a “hold” rating to a “strong-buy” rating in a research report on Thursday, June 25th. Susquehanna downgraded shares of Canadian National Railway from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, July 14th. Finally, Sanford C. Bernstein raised their price target on shares of Canadian National Railway from C$163.00 to C$196.00 in a research report on Thursday, July 16th.

Canadian National Railway Trading Up 1.2%

Canadian National Railway stock opened at C$169.60 on Friday. The company has a debt-to-equity ratio of 103.26, a current ratio of 0.87 and a quick ratio of 0.57. The firm has a 50-day moving average of C$175.94 and a 200-day moving average of C$161.92. The company has a market cap of C$102.59 billion, a price-to-earnings ratio of 21.77, a P/E/G ratio of 3.38 and a beta of 1.13. Canadian National Railway has a one year low of C$126.96 and a one year high of C$185.25.

Canadian National Railway (TSE:CNR) (NYSE:CNI) last posted its quarterly earnings results on Friday, July 24th. The company reported C$2.08 earnings per share for the quarter. Canadian National Railway had a return on equity of 22.19% and a net margin of 26.92%.The firm had revenue of C$4.75 billion for the quarter. On average, equities analysts expect that Canadian National Railway will post 8.2610275 earnings per share for the current fiscal 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.