Canadian National Railway (TSE:CNR) Stock Price Expected to Rise, Scotiabank Analyst Says

Canadian National Railway (TSE:CNR) (NYSE:CNI) had its price target hoisted by equities researchers at Scotiabank from C$160.00 to C$163.00 in a research note issued to investors on Wednesday,BayStreet.CA reports. The brokerage currently has an “outperform” rating on the stock. Scotiabank’s target price would indicate a potential upside of 18.49% from the stock’s previous close.

Several other brokerages have also recently weighed in on CNR. JPMorgan Chase & Co. dropped their price target on shares of Canadian National Railway from C$154.00 to C$153.00 and set a “neutral” rating for the company in a research report on Wednesday, October 8th. National Bankshares set a C$150.00 price objective on Canadian National Railway and gave the stock a “sector perform” rating in a report on Thursday, January 8th. Vertical Research upgraded Canadian National Railway from a “hold” rating to a “strong-buy” rating in a report on Monday, January 5th. Sanford C. Bernstein cut their price target on shares of Canadian National Railway from C$149.00 to C$148.00 in a report on Tuesday, September 30th. Finally, ATB Capital upped their price objective on shares of Canadian National Railway from C$150.00 to C$151.00 and gave the stock a “sector perform” rating in a report on Monday, November 3rd. Three research analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of C$153.53.

Canadian National Railway Price Performance

Shares of CNR traded up C$3.12 during midday trading on Wednesday, reaching C$137.56. The stock had a trading volume of 535,177 shares, compared to its average volume of 1,118,436. The company has a current ratio of 0.64, a quick ratio of 0.58 and a debt-to-equity ratio of 107.59. The company has a market capitalization of C$84.67 billion, a price-to-earnings ratio of 18.69, a price-to-earnings-growth ratio of 3.38 and a beta of 0.80. The company’s 50-day moving average is C$135.09 and its 200 day moving average is C$133.56. 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 posted its quarterly earnings results on Friday, October 31st. The company reported C$1.83 earnings per share (EPS) for the quarter. The business had revenue of C$4.17 billion during the quarter. Canadian National Railway had a net margin of 31.20% and a return on equity of 27.10%. On average, equities analysts predict that Canadian National Railway will post 8.2610275 EPS for the current fiscal 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.