Canadian National Railway (TSE:CNR) Stock Price Target Raised at ATB Cormack

Canadian National Railway (TSE:CNR) (NYSE:CNI) had its price objective increased by analysts at ATB Cormack from C$185.00 to C$190.00 in a research note issued on Thursday, BayStreet reports. The brokerage currently has a “sector perform” rating on the stock. ATB Cormack’s price objective would indicate a potential upside of 11.10% from the company’s previous close.

CNR has been the subject of several other research reports. Citizens Jmp upgraded shares of Canadian National Railway to a “hold” rating in a report on Wednesday, July 15th. JPMorgan Chase & Co. increased their price objective on shares of Canadian National Railway from C$175.00 to C$182.00 in a research report on Monday, July 27th. ATB Cormark Capital Markets raised their price objective on shares of Canadian National Railway from C$166.00 to C$185.00 and gave the stock a “sector perform” rating in a report on Monday, July 27th. Royal Bank Of Canada cut their price objective on shares of Canadian National Railway from C$205.00 to C$198.00 and set an “outperform” rating on the stock in a research report on Thursday, September 24th. Finally, Susquehanna lowered Canadian National Railway from a “strong-buy” rating to a “hold” rating in a report on Tuesday, July 14th. Three investment analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating and eight have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of C$183.39.

Canadian National Railway Trading Up 0.1%

CNR stock traded up C$0.23 during midday trading on Thursday, hitting C$171.01. 317,095 shares of the company’s stock were exchanged, compared to its average volume of 1,598,521. The stock’s fifty day moving average price is C$171.40 and its 200-day moving average price is C$165.85. The company has a debt-to-equity ratio of 103.26, a quick ratio of 0.57 and a current ratio of 0.87. The company has a market cap of C$103.31 billion, a PE ratio of 21.95, a price-to-earnings-growth ratio of 3.38 and a beta of 1.16. Canadian National Railway has a one year low of C$128.05 and a one year high of C$185.25.

Canadian National Railway (TSE:CNR) (NYSE:CNI) last posted its earnings results on Friday, July 24th. The company reported C$2.08 earnings per share (EPS) for the quarter. The firm had revenue of C$4.75 billion during the quarter. Canadian National Railway had a return on equity of 22.19% and a net margin of 26.92%. Research analysts predict that Canadian National Railway will post 8.26 earnings per share for the current fiscal year.

Canadian National Railway Company Profile

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.