Canadian National Railway (TSE:CNR) Price Target Raised to C$190.00

Canadian National Railway (TSE:CNR) (NYSE:CNI) had its price target raised by ATB Cormack from C$185.00 to C$190.00 in a research note published on Thursday morning,BayStreet reports. ATB Cormack currently has a sector perform rating on the stock.

A number of other research firms also recently issued reports on CNR. Evercore upgraded Canadian National Railway from a “hold” rating to a “strong-buy” rating in a research note on Thursday, June 25th. Raymond James Financial boosted their price objective on Canadian National Railway from C$198.00 to C$200.00 and gave the company an “outperform” rating in a research note on Monday, July 27th. Scotiabank reduced their price objective on Canadian National Railway from C$199.00 to C$198.00 and set a “sector outperform” rating for the company in a research note on Thursday. Barclays increased their price objective on Canadian National Railway from C$155.00 to C$185.00 and gave the company an “equal weight” rating in a report on Monday, July 27th. Finally, National Bank Financial decreased their price objective on Canadian National Railway from C$192.00 to C$190.00 and set a “sector perform” rating for the company in a report on Wednesday, September 23rd. Three research analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating and eight have issued a Hold rating to the company. Based on data from MarketBeat, Canadian National Railway presently has an average rating of “Moderate Buy” and an average target price of C$183.39.

Canadian National Railway Stock Up 0.5%

CNR opened at C$172.39 on Thursday. The business’s 50-day simple moving average is C$171.21 and its 200-day simple moving average is C$166.11. The company has a debt-to-equity ratio of 103.26, a quick ratio of 0.57 and a current ratio of 0.87. Canadian National Railway has a one year low of C$128.05 and a one year high of C$185.25. The stock has a market capitalization of C$104.14 billion, a P/E ratio of 22.13, a price-to-earnings-growth ratio of 3.38 and a beta of 1.16.

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 for the quarter. The business had revenue of C$4.75 billion during the quarter. Canadian National Railway had a return on equity of 22.19% and a net margin of 26.92%. Analysts anticipate that Canadian National Railway will post 8.26 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.