Canadian National Railway (TSE:CNR) Stock Rated “Moderate Buy” by Wall Street Brokerages

Shares of Canadian National Railway (TSE:CNR) (NYSE:CNI) have been given an average rating of “Moderate Buy” by the twenty ratings firms that are currently covering the stock, Marketbeat reports. Eight equities research analysts have rated the stock with a hold recommendation, nine have assigned a buy recommendation and three have issued a strong buy recommendation on the company. The average twelve-month price objective among analysts that have updated their coverage on the stock in the last year is C$182.76.

A number of equities research analysts have recently weighed in on CNR shares. TD lifted their price objective on Canadian National Railway from C$191.00 to C$205.00 and gave the stock a “buy” 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 company a “sector perform” rating in a report on Monday, July 27th. Scotiabank raised their price target on Canadian National Railway from C$162.00 to C$194.00 in a research note on Thursday, July 16th. Scotia lifted their price target on shares of Canadian National Railway from C$194.00 to C$199.00 and gave the company a “sector outperform” rating in a report on Monday, July 27th. Finally, BMO Capital Markets boosted their price objective on shares of Canadian National Railway from C$180.00 to C$195.00 in a research report on Monday, July 27th.

Canadian National Railway Stock Performance

Shares of TSE:CNR opened at C$170.66 on Wednesday. The company has a current ratio of 0.87, a quick ratio of 0.57 and a debt-to-equity ratio of 103.26. The company has a 50-day moving average price of C$173.28 and a 200-day moving average price of C$164.17. The company has a market cap of C$103.23 billion, a price-to-earnings ratio of 21.91, a price-to-earnings-growth ratio of 3.38 and a beta of 1.13. Canadian National Railway has a 12 month low of C$128.05 and a 12 month high of C$185.25.

Canadian National Railway (TSE:CNR) (NYSE:CNI) last posted its earnings results on Friday, July 24th. The company reported C$2.08 earnings per share (EPS) for the quarter. The company had revenue of C$4.75 billion for the quarter. Canadian National Railway had a return on equity of 22.19% and a net margin of 26.92%. As a group, equities analysts anticipate that Canadian National Railway will post 8.2610275 EPS for the current year.

About Canadian National Railway

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.