National Bank Financial Issues Positive Forecast for Canadian National Railway (TSE:CNR) Stock Price

Canadian National Railway (TSE:CNR) (NYSE:CNI) had its target price raised by analysts at National Bank Financial from C$190.00 to C$194.00 in a research note issued to investors on Monday, BayStreet reports. The firm presently has a “sector perform” rating on the stock. National Bank Financial‘s price target would indicate a potential upside of 9.37% from the company’s previous close.

Several other research analysts have also recently weighed in on CNR. Citizens Jmp raised shares of Canadian National Railway to a “hold” rating in a report on Wednesday, July 15th. Stifel Nicolaus set a C$200.00 price objective on Canadian National Railway and gave the company a “buy” rating in a research note on Tuesday, October 27th. Scotia boosted their target price on Canadian National Railway from C$194.00 to C$199.00 and gave the stock a “sector outperform” rating in a research report on Monday, July 27th. ATB Cormark Capital Markets upped their target price on Canadian National Railway from C$166.00 to C$185.00 and gave the stock a “sector perform” rating in a research note on Monday, July 27th. Finally, Susquehanna cut Canadian National Railway from a “strong-buy” rating to a “hold” rating in a report on Tuesday, July 14th. Three investment analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating and ten have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of C$184.74.

Canadian National Railway Price Performance

Shares of CNR stock traded up C$4.57 during trading hours on Monday, reaching C$177.38. The stock had a trading volume of 377,371 shares, compared to its average volume of 1,567,564. The stock’s fifty day simple moving average is C$170.69 and its 200 day simple moving average is C$160.29. The firm has a market capitalization of C$107.16 billion, a PE ratio of 22.77, a PEG ratio of 3.38 and a beta of 1.16. Canadian National Railway has a 12 month low of C$128.05 and a 12 month high of C$185.25. The company has a current ratio of 0.82, a quick ratio of 0.57 and a debt-to-equity ratio of 105.88.

Canadian National Railway (TSE:CNR) (NYSE:CNI) last posted its earnings results on Friday, October 30th. The company reported C$2.16 earnings per share for the quarter. The business had revenue of C$4.77 billion for the quarter. Canadian National Railway had a net margin of 26.42% and a return on equity of 22.34%. On average, equities research analysts predict that Canadian National Railway will post 8.26 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.