Canadian National Railway (TSE:CNR) Receives Average Recommendation of “Moderate Buy” from Brokerages

Canadian National Railway (TSE:CNR) (NYSE:CNI) has received an average rating of “Moderate Buy” from the twenty research firms that are presently covering the stock, MarketBeat reports. Eight research analysts have rated the stock with a hold rating, nine have assigned a buy rating and three have assigned a strong buy rating to the company. The average 1 year target price among brokerages that have updated their coverage on the stock in the last year is C$183.29.

A number of research analysts have commented on CNR shares. Susquehanna lowered shares of Canadian National Railway from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, July 14th. Barclays raised their price target on Canadian National Railway from C$155.00 to C$185.00 and gave the stock an “equal weight” rating in a report on Monday, July 27th. National Bank Financial boosted their price target on Canadian National Railway from C$173.00 to C$192.00 and gave the company a “sector perform” rating in a research report on Monday, July 27th. Evercore raised Canadian National Railway from a “hold” rating to a “strong-buy” rating in a research note on Thursday, June 25th. Finally, ATB Cormark Capital Markets increased their price objective on Canadian National Railway from C$166.00 to C$185.00 and gave the stock a “sector perform” rating in a research report on Monday, July 27th.

Canadian National Railway Stock Performance

Shares of CNR opened at C$170.58 on Friday. The company’s 50 day simple moving average is C$176.11 and its 200-day simple moving average is C$161.20. The firm has a market cap of C$103.18 billion, a PE ratio of 21.90, a price-to-earnings-growth ratio of 3.38 and a beta of 1.19. Canadian National Railway has a 12-month low of C$126.11 and a 12-month high of C$185.25. The company has a current ratio of 0.87, a quick ratio of 0.57 and a debt-to-equity ratio of 103.26.

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