Desjardins Cuts Canadian National Railway (TSE:CNR) Price Target to C$156.00

Canadian National Railway (TSE:CNR) (NYSE:CNI) had its target price trimmed by Desjardins from C$160.00 to C$156.00 in a report released on Monday,BayStreet.CA reports. The firm currently has a buy rating on the stock.

A number of other equities research analysts have also recently weighed in on CNR. National Bankshares dropped their price target on shares of Canadian National Railway from C$150.00 to C$147.00 and set a “sector perform” rating for the company in a research report on Monday. ATB Capital lowered their price objective on shares of Canadian National Railway from C$153.00 to C$146.00 and set a “sector perform” rating for the company in a research report on Monday. Cibc Captl Mkts raised Canadian National Railway from a “hold” rating to a “strong-buy” rating in a research report on Friday, November 28th. Berenberg Bank raised their price target on Canadian National Railway from C$148.00 to C$152.00 in a research report on Tuesday, November 11th. Finally, CIBC lifted their price objective on Canadian National Railway from C$151.00 to C$154.00 in a research note on Thursday, January 8th. Three analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating and eight have given a Hold rating to the company. According to MarketBeat, Canadian National Railway has an average rating of “Moderate Buy” and an average target price of C$151.60.

Canadian National Railway Price Performance

CNR stock opened at C$135.23 on Monday. Canadian National Railway has a 52-week low of C$126.11 and a 52-week high of C$152.12. The company has a quick ratio of 0.58, a current ratio of 0.64 and a debt-to-equity ratio of 107.59. The stock has a market cap of C$82.97 billion, a price-to-earnings ratio of 17.86, a price-to-earnings-growth ratio of 3.38 and a beta of 0.85. The business has a fifty day moving average of C$135.65 and a two-hundred day moving average of C$133.09.

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 for the quarter. The business had revenue of C$4.46 billion during 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 anticipate that Canadian National Railway will post 8.2610275 earnings per share 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.