Canadian National Railway (TSE:CNR) Price Target Raised to C$154.00

Canadian National Railway (TSE:CNR) (NYSE:CNI) had its target price increased by research analysts at CIBC from C$151.00 to C$154.00 in a report released on Thursday,BayStreet.CA reports. CIBC’s price objective suggests a potential upside of 11.72% from the stock’s current price.

Other analysts also recently issued reports about the stock. Royal Bank Of Canada decreased their price objective on shares of Canadian National Railway from C$158.00 to C$153.00 and set an “outperform” rating for the company in a report on Thursday, December 18th. Berenberg Bank boosted their target price on shares of Canadian National Railway from C$148.00 to C$152.00 in a research report on Tuesday, November 11th. Sanford C. Bernstein lowered their price target on Canadian National Railway from C$149.00 to C$148.00 in a research report on Tuesday, September 30th. Cibc Captl Mkts upgraded Canadian National Railway from a “hold” rating to a “strong-buy” rating in a research note on Friday, November 28th. Finally, Scotiabank increased their target price on Canadian National Railway from C$150.00 to C$160.00 and gave the company an “outperform” rating in a research note on Monday, November 3rd. Three analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of C$153.40.

Canadian National Railway Stock Up 2.9%

Shares of TSE:CNR traded up C$3.85 on Thursday, reaching C$137.85. The company had a trading volume of 524,017 shares, compared to its average volume of 1,047,116. The stock has a market capitalization of C$84.85 billion, a P/E ratio of 18.73, a P/E/G ratio of 3.38 and a beta of 0.80. The stock has a 50-day moving average price of C$134.47 and a 200 day moving average price of C$133.93. Canadian National Railway has a twelve month low of C$126.11 and a twelve month high of C$154.56. The company has a quick ratio of 0.58, a current ratio of 0.64 and a debt-to-equity ratio of 107.59.

Canadian National Railway (TSE:CNR) (NYSE:CNI) last issued its quarterly earnings data on Friday, October 31st. The company reported C$1.83 earnings per share for the quarter. The business had revenue of C$4.17 billion for the quarter. Canadian National Railway had a return on equity of 27.10% and a net margin of 31.20%. On average, equities analysts expect 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.