Canadian National Railway (TSE:CNR) Price Target Cut to C$164.00 by Analysts at TD Securities

Canadian National Railway (TSE:CNR) (NYSE:CNI) had its price objective cut by equities researchers at TD Securities from C$166.00 to C$164.00 in a research report issued on Monday,BayStreet.CA reports. The firm currently has a “buy” rating on the stock. TD Securities’ price objective points to a potential upside of 25.99% from the stock’s previous close.

Several other analysts also recently issued reports on CNR. Berenberg Bank upped their price target on shares of Canadian National Railway from C$148.00 to C$152.00 in a report on Tuesday, November 11th. JPMorgan Chase & Co. cut their price objective on Canadian National Railway from C$149.00 to C$147.00 in a research report on Monday. ATB Capital lowered their target price on Canadian National Railway from C$153.00 to C$146.00 and set a “sector perform” rating on the stock in a report on Monday. Vertical Research raised Canadian National Railway from a “hold” rating to a “strong-buy” rating in a report on Monday, January 5th. Finally, Citigroup increased their price objective on Canadian National Railway from C$119.00 to C$120.00 and gave the company a “buy” rating in a research note on Monday, November 3rd. Three equities research analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of C$151.60.

Canadian National Railway Price Performance

CNR stock traded down C$0.82 during midday trading on Monday, hitting C$130.17. 1,095,946 shares of the stock were exchanged, compared to its average volume of 1,262,193. The stock’s 50-day moving average price is C$135.52 and its 200-day moving average price is C$133.17. The company has a debt-to-equity ratio of 107.59, a quick ratio of 0.58 and a current ratio of 0.64. The stock has a market cap of C$79.86 billion, a price-to-earnings ratio of 17.69, a PEG ratio of 3.38 and a beta of 0.80. Canadian National Railway has a fifty-two week low of C$126.11 and a fifty-two week high of C$152.12.

Canadian National Railway (TSE:CNR) (NYSE:CNI) last released its quarterly earnings results on Friday, January 30th. The company reported C$2.08 earnings per share (EPS) for the quarter. Canadian National Railway had a return on equity of 27.10% and a net margin of 31.20%.The business had revenue of C$4.46 billion during the quarter. Research analysts predict 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.