Canadian National Railway (TSE:CNR) Stock Price Expected to Rise, CIBC Analyst Says

Canadian National Railway (TSE:CNR) (NYSE:CNI) had its price objective upped by equities researchers at CIBC from C$151.00 to C$154.00 in a report released on Thursday,BayStreet.CA reports. CIBC’s price target would suggest a potential upside of 11.85% from the stock’s previous close.

Several other research analysts have also recently weighed in on CNR. Scotiabank boosted their price target 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. Vertical Research upgraded Canadian National Railway from a “hold” rating to a “strong-buy” rating in a report on Monday, January 5th. Desjardins increased their price objective on shares of Canadian National Railway from C$151.00 to C$161.00 and gave the stock a “buy” rating in a research report on Friday, December 12th. ATB Capital lifted their target price on Canadian National Railway from C$150.00 to C$151.00 and gave the company a “sector perform” rating in a research report on Monday, November 3rd. Finally, Citigroup boosted their price target on shares of Canadian National Railway from C$119.00 to C$120.00 and gave the stock a “buy” rating in a research note on Monday, November 3rd. Three investment analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, Canadian National Railway has an average rating of “Moderate Buy” and an average price target of C$153.40.

Canadian National Railway Stock Down 0.1%

Shares of CNR opened at C$137.69 on Thursday. Canadian National Railway has a one year low of C$126.11 and a one year high of C$154.56. The company has a debt-to-equity ratio of 107.59, a quick ratio of 0.58 and a current ratio of 0.64. The stock has a 50 day moving average price of C$134.68 and a 200 day moving average price of C$133.94. The stock has a market capitalization of C$84.75 billion, a price-to-earnings ratio of 18.71, a PEG ratio of 3.38 and a beta of 0.80.

Canadian National Railway (TSE:CNR) (NYSE:CNI) last released its 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 business had revenue of C$4.17 billion during the quarter. Equities research analysts forecast 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.