Scotia Issues Positive Forecast for Canadian National Railway (TSE:CNR) Stock Price

Canadian National Railway (TSE:CNR) (NYSE:CNI) had its price target raised by investment analysts at Scotia from C$198.00 to C$200.00 in a note issued to investors on Monday, BayStreet reports. The firm currently has a “sector perform” rating on the stock. Scotia‘s price objective would indicate a potential upside of 12.75% from the stock’s previous close.

A number of other brokerages have also recently weighed in on CNR. ATB Cormark Capital Markets raised their price objective on shares of Canadian National Railway from C$166.00 to C$185.00 and gave the stock a “sector perform” rating in a research note on Monday, July 27th. Wells Fargo & Company upped their target price on Canadian National Railway from C$135.00 to C$145.00 and gave the company an “overweight” rating in a research note on Monday, July 27th. Scotiabank lowered their target price on Canadian National Railway from C$199.00 to C$198.00 and set a “sector outperform” rating on the stock in a report on Thursday, October 15th. Raymond James Financial downgraded Canadian National Railway from a “moderate buy” rating to a “hold” rating and dropped their price target for the stock from C$200.00 to C$195.00 in a research report on Monday, October 19th. Finally, JPMorgan Chase & Co. boosted their price target on Canadian National Railway from C$175.00 to C$182.00 in a report on Monday, July 27th. Three equities research analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating and ten have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of C$184.74.

Canadian National Railway Stock Up 2.6%

CNR traded up C$4.57 on Monday, hitting C$177.38. 377,371 shares of the company were exchanged, compared to its average volume of 1,567,564. The firm has a 50-day moving average price of C$170.69 and a two-hundred day moving average price of C$160.29. The company has a current ratio of 0.82, a quick ratio of 0.57 and a debt-to-equity ratio of 105.88. Canadian National Railway has a twelve month low of C$128.05 and a twelve month high of C$185.25. The company has a market cap of C$107.16 billion, a price-to-earnings ratio of 22.77, a price-to-earnings-growth ratio of 3.38 and a beta of 1.16.

Canadian National Railway (TSE:CNR) (NYSE:CNI) last released its quarterly earnings data on Friday, October 30th. The company reported C$2.16 earnings per share (EPS) for the quarter. The business had revenue of C$4.77 billion during the quarter. Canadian National Railway had a net margin of 26.42% and a return on equity of 22.34%. On average, equities analysts predict that Canadian National Railway will post 8.26 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.