Canadian National Railway (TSE:CNR) Stock Price Expected to Rise, Berenberg Bank Analyst Says

Canadian National Railway (TSE:CNR) (NYSE:CNI) had its price target hoisted by analysts at Berenberg Bank from C$148.00 to C$152.00 in a research report issued on Tuesday,BayStreet.CA reports. Berenberg Bank’s price objective would indicate a potential upside of 13.38% from the company’s previous close.

Several other research analysts have also commented on the company. Royal Bank Of Canada lifted their price target on Canadian National Railway from C$148.00 to C$158.00 and gave the stock an “outperform” rating in a report on Monday, November 3rd. JPMorgan Chase & Co. decreased their target price on shares of Canadian National Railway from C$154.00 to C$153.00 and set a “neutral” rating on the stock in a report on Wednesday, October 8th. Citigroup raised their price target on shares of Canadian National Railway from C$119.00 to C$120.00 and gave the stock a “buy” rating in a report on Monday, November 3rd. BMO Capital Markets reduced their price target on shares of Canadian National Railway from C$168.00 to C$163.00 and set an “outperform” rating on the stock in a research report on Wednesday, July 23rd. Finally, Evercore ISI lowered Canadian National Railway from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, July 23rd. One analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, eight have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of C$152.53.

Canadian National Railway Price Performance

Shares of TSE:CNR traded up C$1.56 during midday trading on Tuesday, hitting C$134.06. The company had a trading volume of 300,608 shares, compared to its average volume of 1,490,240. Canadian National Railway has a twelve month low of C$126.11 and a twelve month high of C$157.95. The stock has a market cap of C$82.51 billion, a price-to-earnings ratio of 18.21, a price-to-earnings-growth ratio of 3.38 and a beta of 0.86. 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 business’s 50-day simple moving average is C$132.16 and its 200-day simple moving average is C$136.21.

About Canadian National Railway

Canadian National’s railway spans Canada from coast to coast and extends through Chicago to the Gulf of Mexico. In 2019, CN delivered almost 6 million carloads over its 19,600 miles of track. CN generated roughly CAD 14 billion in total revenue by hauling intermodal containers (25% of consolidated revenue), petroleum and chemicals (21%), grain and fertilizers (16%), forest products (12%), metals and mining (11%), automotive shipments (6%), and coal (4%).