Desjardins Has Lowered Expectations for Canadian National Railway (TSE:CNR) Stock Price

Canadian National Railway (TSE:CNR) (NYSE:CNI) had its price target decreased by investment analysts at Desjardins from C$161.00 to C$160.00 in a research report issued on Monday,BayStreet.CA reports. The firm currently has a “buy” rating on the stock. Desjardins’ price target would suggest a potential upside of 18.39% from the stock’s current price.

CNR has been the subject of a number of other reports. National Bankshares set a C$150.00 price target on shares of Canadian National Railway and gave the company a “sector perform” rating in a report on Thursday, January 8th. CIBC lifted their target price on Canadian National Railway from C$151.00 to C$154.00 in a research report on Thursday, January 8th. Royal Bank Of Canada lowered their price target on Canadian National Railway from C$158.00 to C$153.00 and set an “outperform” rating on the stock in a research note on Thursday, December 18th. Scotiabank raised their price objective on Canadian National Railway from C$150.00 to C$160.00 and gave the stock an “outperform” rating in a research report on Monday, November 3rd. Finally, Sanford C. Bernstein decreased their price objective on Canadian National Railway from C$149.00 to C$148.00 in a report on Tuesday, September 30th. Three analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, Canadian National Railway has an average rating of “Moderate Buy” and a consensus price target of C$153.33.

Canadian National Railway Stock Performance

CNR opened at C$135.15 on Monday. The company has a quick ratio of 0.58, a current ratio of 0.64 and a debt-to-equity ratio of 107.59. The stock’s 50 day moving average price is C$134.75 and its two-hundred day moving average price is C$133.78. The firm has a market capitalization of C$83.18 billion, a P/E ratio of 18.36, a price-to-earnings-growth ratio of 3.38 and a beta of 0.80. Canadian National Railway has a 12-month low of C$126.11 and a 12-month high of C$154.56.

Canadian National Railway (TSE:CNR) (NYSE:CNI) last issued its quarterly earnings results on Friday, October 31st. The company reported C$1.83 EPS for the quarter. The company had revenue of C$4.17 billion during the quarter. Canadian National Railway had a return on equity of 27.10% and a net margin of 31.20%. On average, equities analysts forecast that Canadian National Railway will post 8.2610275 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.