Canadian National Railway (TSE:CNR) Price Target Raised to C$200.00

Canadian National Railway (TSE:CNR) (NYSE:CNI) had its price target hoisted by Royal Bank Of Canada from C$198.00 to C$200.00 in a research note published on Monday,BayStreet reports. They currently have an outperform rating on the stock.

CNR has been the subject of a number of other reports. Scotiabank decreased their price target on Canadian National Railway from C$199.00 to C$198.00 and set a “sector outperform” rating for the company in a research note on Thursday, October 15th. Barclays upped their price objective on Canadian National Railway from C$155.00 to C$185.00 and gave the company an “equal weight” rating in a research note on Monday, July 27th. Susquehanna downgraded Canadian National Railway from a “strong-buy” rating to a “hold” rating in a report on Tuesday, July 14th. Citizens Jmp upgraded Canadian National Railway to a “hold” rating in a research report on Wednesday, July 15th. Finally, Canadian Imperial Bank of Commerce lifted their target price on Canadian National Railway from C$185.00 to C$198.00 in a research report on Monday, July 27th. Three equities research analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating and nine have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of C$188.53.

Canadian National Railway Stock Performance

Canadian National Railway stock opened at C$180.44 on Monday. The stock has a market cap of C$108.21 billion, a P/E ratio of 22.67, a price-to-earnings-growth ratio of 3.38 and a beta of 1.16. The company has a current ratio of 0.82, a quick ratio of 0.57 and a debt-to-equity ratio of 105.88. The stock has a 50 day moving average of C$170.77 and a 200-day moving average of C$160.92. Canadian National Railway has a 52 week low of C$128.05 and a 52 week high of C$185.25.

Canadian National Railway (TSE:CNR) (NYSE:CNI) last posted its quarterly earnings results on Friday, October 30th. The company reported C$2.16 earnings per share (EPS) for the quarter. Canadian National Railway had a net margin of 26.42% and a return on equity of 22.34%. The firm had revenue of C$4.77 billion for the quarter. On average, analysts expect that Canadian National Railway will post 8.26 EPS 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.