Desjardins Cuts Canadian National Railway (TSE:CNR) Price Target to C$160.00

Canadian National Railway (TSE:CNR) (NYSE:CNI) had its price objective cut by Desjardins from C$161.00 to C$160.00 in a report released on Monday morning,BayStreet.CA reports. They currently have a buy rating on the stock.

Other equities analysts have also recently issued reports about the company. Royal Bank Of Canada cut their price target on Canadian National Railway from C$158.00 to C$153.00 and set an “outperform” rating for the company in a report on Thursday, December 18th. JPMorgan Chase & Co. cut their target price on shares of Canadian National Railway from C$154.00 to C$153.00 and set a “neutral” rating for the company in a research note on Wednesday, October 8th. Vertical Research upgraded shares of Canadian National Railway from a “hold” rating to a “strong-buy” rating in a report on Monday, January 5th. Sanford C. Bernstein decreased their price target on shares of Canadian National Railway from C$149.00 to C$148.00 in a research note on Tuesday, September 30th. Finally, Scotiabank boosted their price objective on shares of Canadian National Railway from C$150.00 to C$160.00 and gave the company an “outperform” rating in a research report on Monday, November 3rd. Three investment analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of C$153.33.

Canadian National Railway Stock Performance

TSE:CNR opened at C$135.58 on Monday. The company has a current ratio of 0.64, a quick ratio of 0.58 and a debt-to-equity ratio of 107.59. The company has a market capitalization of C$83.45 billion, a P/E ratio of 18.42, a price-to-earnings-growth ratio of 3.38 and a beta of 0.80. The firm has a 50-day moving average price of C$134.75 and a two-hundred day moving average price of C$133.79. Canadian National Railway has a twelve month low of C$126.11 and a twelve month high of C$154.56.

Canadian National Railway (TSE:CNR) (NYSE:CNI) last announced its quarterly earnings results on Friday, October 31st. The company reported C$1.83 earnings per share (EPS) for the quarter. Canadian National Railway had a net margin of 31.20% and a return on equity of 27.10%. The company had revenue of C$4.17 billion for the quarter. As a group, 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.