CIBC Forecasts Strong Price Appreciation for Canadian National Railway (TSE:CNR) Stock

Canadian National Railway (TSE:CNR) (NYSE:CNI) had its price objective boosted by CIBC from C$151.00 to C$154.00 in a note issued to investors on Thursday,BayStreet.CA reports. CIBC’s price objective points to a potential upside of 11.72% from the company’s previous close.

Other equities analysts also recently issued research reports about the company. ATB Capital raised their target price on 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. JPMorgan Chase & Co. reduced 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 research note on Wednesday, October 8th. Royal Bank Of Canada reduced their price target on shares of Canadian National Railway from C$158.00 to C$153.00 and set an “outperform” rating on the stock in a research report on Thursday, December 18th. Vertical Research raised shares of Canadian National Railway from a “hold” rating to a “strong-buy” rating in a report on Monday. Finally, Scotiabank lifted their target price on shares of Canadian National Railway from C$150.00 to C$160.00 and gave the company an “outperform” rating in a research note on Monday, November 3rd. Three equities research analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, Canadian National Railway has an average rating of “Moderate Buy” and a consensus target price of C$153.40.

Canadian National Railway Price Performance

Shares of TSE:CNR traded up C$3.85 during midday trading on Thursday, reaching C$137.85. 524,017 shares of the company’s stock were exchanged, compared to its average volume of 1,047,116. 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 company’s 50 day simple moving average is C$134.47 and its two-hundred day simple moving average is C$133.93. Canadian National Railway has a 12 month low of C$126.11 and a 12 month high of C$154.56. The firm has a market capitalization of C$84.85 billion, a PE ratio of 18.73, a price-to-earnings-growth ratio of 3.38 and a beta of 0.80.

Canadian National Railway (TSE:CNR) (NYSE:CNI) last posted its earnings results 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 net margin of 31.20% and a return on equity of 27.10%. Equities research analysts expect that Canadian National Railway will post 8.2610275 earnings per share for the current fiscal 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.