Canadian National Railway (TSE:CNR) Stock Has Average Price Target of C$182.76 According to Brokerages

Shares of Canadian National Railway (TSE:CNR) (NYSE:CNI) have earned a consensus rating of “Moderate Buy” from the twenty ratings firms that are covering the company, Marketbeat.com reports. Eight investment analysts have rated the stock with a hold rating, nine have issued a buy rating and three have assigned a strong buy rating to the company. The average 1-year price target among analysts that have covered the stock in the last year is C$182.76.

A number of research firms have recently weighed in on CNR. JPMorgan Chase & Co. raised their price target on shares of Canadian National Railway from C$175.00 to C$182.00 in a research report on Monday, July 27th. Susquehanna cut shares of Canadian National Railway from a “strong-buy” rating to a “hold” rating in a report on Tuesday, July 14th. Desjardins increased their price objective on shares of Canadian National Railway from C$185.00 to C$199.00 and gave the company a “buy” rating in a research note on Monday, July 27th. Royal Bank Of Canada decreased their price objective on shares of Canadian National Railway from C$205.00 to C$198.00 and set an “outperform” rating for the company in a report on Thursday, September 24th. Finally, Scotiabank boosted their target price on shares of Canadian National Railway from C$162.00 to C$194.00 in a research report on Thursday, July 16th.

Canadian National Railway Trading Up 2.4%

Shares of CNR opened at C$170.66 on Wednesday. Canadian National Railway has a one year low of C$128.05 and a one year high of C$185.25. The stock has a 50-day moving average price of C$173.28 and a 200 day moving average price of C$164.04. The company has a debt-to-equity ratio of 103.26, a quick ratio of 0.57 and a current ratio of 0.87. The company has a market capitalization of C$103.23 billion, a P/E ratio of 21.91, a P/E/G ratio of 3.38 and a beta of 1.13.

Canadian National Railway (TSE:CNR) (NYSE:CNI) last posted its quarterly earnings data on Friday, July 24th. The company reported C$2.08 earnings per share (EPS) for the quarter. Canadian National Railway had a return on equity of 22.19% and a net margin of 26.92%.The company had revenue of C$4.75 billion for the quarter. Sell-side analysts forecast that Canadian National Railway will post 8.2610275 EPS 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. Midwest and the U.S. Gulf Coast, contributing to sustainable trade and the prosperity of the communities in which it operates since 1919.