Canadian National Railway (TSE:CNR) Price Target Raised to C$163.00

Canadian National Railway (TSE:CNR) (NYSE:CNI) had its target price raised by Scotiabank from C$160.00 to C$163.00 in a research note issued to investors on Wednesday,BayStreet.CA reports. Scotiabank currently has an outperform rating on the stock.

Other equities research analysts also recently issued reports about the stock. CIBC boosted their price objective on shares of Canadian National Railway from C$151.00 to C$154.00 in a research note on Thursday, January 8th. ATB Capital upped their price target on shares of Canadian National Railway from C$150.00 to C$151.00 and gave the stock a “sector perform” rating in a research report on Monday, November 3rd. Berenberg Bank increased their price target on Canadian National Railway from C$148.00 to C$152.00 in a report on Tuesday, November 11th. Citigroup boosted their price objective on Canadian National Railway from C$119.00 to C$120.00 and gave the stock a “buy” rating in a research note on Monday, November 3rd. Finally, Royal Bank Of Canada lowered their target price on Canadian National Railway from C$158.00 to C$153.00 and set an “outperform” rating for the company in a research note on Thursday, December 18th. Three analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of C$153.53.

Canadian National Railway Stock Performance

Shares of TSE:CNR opened at C$136.78 on Wednesday. The business has a 50-day moving average of C$135.19 and a two-hundred day moving average of C$133.59. The firm has a market capitalization of C$84.19 billion, a PE ratio of 18.58, a P/E/G ratio of 3.38 and a beta of 0.80. The company has a debt-to-equity ratio of 107.59, a current ratio of 0.64 and a quick ratio of 0.58. Canadian National Railway has a 12 month low of C$126.11 and a 12 month high of C$154.13.

Canadian National Railway (TSE:CNR) (NYSE:CNI) last released its quarterly earnings data on Friday, October 31st. The company reported C$1.83 earnings per share for the quarter. The business had revenue of C$4.17 billion for the quarter. Canadian National Railway had a return on equity of 27.10% and a net margin of 31.20%. As a group, research analysts forecast 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.