Canadian National Railway (CNR) Given New C$116.00 Price Target at CIBC
Canadian National Railway (TSE:CNR) (NYSE:CNI) had its price target raised by CIBC from C$110.00 to C$116.00 in a note issued to investors on Thursday. CIBC’s target price would indicate a potential upside of 10.87% from the company’s previous close.
Other research analysts have also recently issued reports about the company. National Bank Financial upped their price objective on Canadian National Railway from C$105.00 to C$108.00 and gave the stock a “sector perform” rating in a research report on Wednesday, October 25th. BMO Capital Markets reaffirmed an “outperform” rating and set a C$111.00 price objective on shares of Canadian National Railway in a research report on Wednesday, October 25th. Scotiabank lowered their price objective on Canadian National Railway from C$115.00 to C$113.00 and set an “outperform” rating for the company in a research report on Wednesday, October 25th. Desjardins raised Canadian National Railway from a “hold” rating to a “buy” rating in a research report on Wednesday, October 25th. Finally, TD Securities raised Canadian National Railway from a “hold” rating to a “buy” rating and upped their price objective for the stock from C$110.00 to C$115.00 in a research report on Thursday, November 30th. Two analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Canadian National Railway presently has a consensus rating of “Buy” and a consensus target price of C$109.20.
Canadian National Railway (CNR) traded up C$0.44 during trading hours on Thursday, hitting C$104.63. The stock had a trading volume of 927,108 shares, compared to its average volume of 872,510. The firm has a market cap of $78,210.00, a PE ratio of 20.48 and a beta of 0.72. Canadian National Railway has a twelve month low of C$89.29 and a twelve month high of C$108.64.
Canadian National Railway Company Profile
Canadian National Railway Company is engaged in the rail and related transportation business. The Company’s network of approximately 20,000 route miles of track spans Canada and mid-America, connecting approximately three coasts, including the Atlantic, the Pacific and the Gulf of Mexico and serving the cities and ports of Vancouver, Prince Rupert (British Columbia), Montreal, Halifax, New Orleans, and Mobile (Alabama), and the metropolitan areas of Toronto, Edmonton, Winnipeg, Calgary, Chicago, Memphis, Detroit, Duluth (Minnesota)/Superior (Wisconsin), and Jackson (Mississippi), with connections to all points in North America.
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