Canadian National Railway (TSE:CNR) Stock Price Expected to Rise, Royal Bank Of Canada Analyst Says

Canadian National Railway (TSE:CNR) (NYSE:CNI) had its target price increased by stock analysts at Royal Bank Of Canada from C$151.00 to C$160.00 in a research report issued on Thursday,BayStreet.CA reports. Royal Bank Of Canada’s target price would indicate a potential upside of 13.62% from the stock’s previous close.

CNR has been the topic of a number of other reports. TD Securities cut their target price on Canadian National Railway from C$166.00 to C$164.00 and set a “buy” rating on the stock in a research note on Monday, February 2nd. JPMorgan Chase & Co. lowered their price target on shares of Canadian National Railway from C$149.00 to C$147.00 in a research report on Monday, February 2nd. National Bank Financial dropped their price objective on shares of Canadian National Railway from C$150.00 to C$147.00 and set a “sector perform” rating on the stock in a report on Monday, February 2nd. Scotiabank cut their price objective on shares of Canadian National Railway from C$163.00 to C$155.00 and set an “outperform” rating on the stock in a research report on Monday, February 2nd. Finally, Desjardins reduced their target price on shares of Canadian National Railway from C$160.00 to C$156.00 and set a “buy” rating for the company in a research note on Monday, February 2nd. Three research analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating and seven have given a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of C$152.60.

Canadian National Railway Price Performance

Shares of TSE:CNR opened at C$140.82 on Thursday. The company has a market cap of C$86.10 billion, a PE ratio of 18.60, a P/E/G ratio of 3.38 and a beta of 1.13. Canadian National Railway has a fifty-two week low of C$126.11 and a fifty-two week high of C$154.63. The firm has a 50-day simple moving average of C$142.42 and a 200 day simple moving average of C$136.66. The company has a quick ratio of 0.58, a current ratio of 0.67 and a debt-to-equity ratio of 101.25.

Canadian National Railway (TSE:CNR) (NYSE:CNI) last issued its earnings results on Friday, January 30th. The company reported C$2.08 earnings per share (EPS) for the quarter. Canadian National Railway had a net margin of 27.28% and a return on equity of 21.95%. The firm had revenue of C$4.46 billion for the quarter. On average, sell-side analysts anticipate that Canadian National Railway will post 8.2610275 EPS 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.