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Equities researchers at CIBC hoisted their price objective on shares of Canadian National Railway Company (TSE:CNR) from C$65.00 to C$76.00 in a research report issued on Wednesday. CIBC’s price objective points to a potential upside of 9.51% from the stock’s previous close.

Canadian National Railway Company (TSE:CNR) opened at 69.40 on Wednesday. Canadian National Railway Company has a 52 week low of $49.01 and a 52 week high of $69.84. The stock’s 50-day moving average is $66.60 and its 200-day moving average is $62.53. The company has a market cap of $57.123 billion and a price-to-earnings ratio of 21.46.

Canadian National Railway Company (TSE:CNR) last announced its earnings results on Wednesday, April 23rd. The company reported $0.66 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.63 by $0.03. On average, analysts predict that Canadian National Railway Company will post $3.52 earnings per share for the current fiscal year.

Several other analysts have also recently commented on the stock. Analysts at Barclays raised their price target on shares of Canadian National Railway Company to C$77.00 in a research note on Monday. They now have an “overweight” rating on the stock. Separately, analysts at Scotiabank raised their price target on shares of Canadian National Railway Company from C$69.00 to C$74.00 in a research note on Wednesday, June 25th. They now have an “outperform” rating on the stock. Finally, analysts at RBC Capital raised their price target on shares of Canadian National Railway Company from C$76.00 to C$78.00 in a research note on Monday, June 16th. They now have an “outperform” rating on the stock. Four investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. Canadian National Railway Company presently has an average rating of “Buy” and an average target price of C$79.63.

Canadian National Railway Company (TSE:CNR) is engaged in the rail and related transportation business.

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