Canadian National Railway (TSE:CNR) Receives C$151.60 Average Price Target from Brokerages

Canadian National Railway (TSE:CNR) (NYSE:CNI) has been assigned an average recommendation of “Moderate Buy” from the sixteen ratings firms that are covering the company, Marketbeat Ratings reports. Seven research analysts have rated the stock with a hold recommendation, six have given a buy recommendation and three have issued a strong buy recommendation on the company. The average 12 month price objective among brokers that have issued a report on the stock in the last year is C$152.00.

A number of brokerages have weighed in on CNR. Berenberg Bank raised their price objective on Canadian National Railway from C$148.00 to C$152.00 in a report on Tuesday, November 11th. Scotiabank decreased their price target on shares of Canadian National Railway from C$163.00 to C$155.00 and set an “outperform” rating on the stock in a research note on Monday, February 2nd. National Bank Financial 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 note on Monday, February 2nd. BMO Capital Markets increased their target price on shares of Canadian National Railway from C$158.00 to C$169.00 in a research note on Thursday. Finally, Vertical Research raised Canadian National Railway from a “hold” rating to a “strong-buy” rating in a research report on Monday, January 5th.

Canadian National Railway Price Performance

Shares of Canadian National Railway stock opened at C$149.93 on Tuesday. The stock’s 50-day simple moving average is C$137.68 and its 200-day simple moving average is C$134.06. 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 company has a market capitalization of C$91.67 billion, a price-to-earnings ratio of 19.81, a PEG ratio of 3.38 and a beta of 0.85.

Canadian National Railway (TSE:CNR) (NYSE:CNI) last posted its quarterly earnings results on Friday, January 30th. The company reported C$2.08 earnings per share for the quarter. Canadian National Railway had a net margin of 31.20% and a return on equity of 27.10%. The firm had revenue of C$4.46 billion during the quarter. As a group, analysts expect that Canadian National Railway will post 8.2610275 earnings per share for the current fiscal 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.