BMO Capital Markets Issues Positive Forecast for Canadian National Railway (TSE:CNR) Stock Price

Canadian National Railway (TSE:CNR) (NYSE:CNI) had its target price increased by BMO Capital Markets from C$158.00 to C$169.00 in a research report released on Thursday morning,BayStreet.CA reports.

A number of other brokerages have also commented on CNR. Berenberg Bank raised their price target on Canadian National Railway from C$148.00 to C$152.00 in a research note on Tuesday, November 11th. UBS Group lowered shares of Canadian National Railway from a “strong-buy” rating to a “hold” rating in a report on Monday, February 2nd. Citigroup raised their target price on shares of Canadian National Railway from C$119.00 to C$120.00 and gave the stock a “buy” rating in a research report on Monday, November 3rd. Desjardins reduced their price target on shares of Canadian National Railway from C$160.00 to C$156.00 and set a “buy” rating on the stock in a research report on Monday, February 2nd. Finally, Canadian Imperial Bank of Commerce raised their price objective on shares of Canadian National Railway from C$151.00 to C$154.00 in a report on Thursday, January 8th. Three equities research analysts have rated the stock with a Strong Buy rating, six have given a Buy rating and seven have given a Hold rating to the stock. According to data from MarketBeat, Canadian National Railway presently has an average rating of “Moderate Buy” and an average price target of C$152.00.

Canadian National Railway Stock Up 1.5%

TSE CNR opened at C$149.93 on Thursday. Canadian National Railway has a 1 year low of C$126.11 and a 1 year high of C$152.12. The stock has a market capitalization of C$91.67 billion, a PE ratio of 19.81, a PEG ratio of 3.38 and a beta of 0.85. The company has a debt-to-equity ratio of 107.59, a current ratio of 0.64 and a quick ratio of 0.58. The business’s 50-day moving average is C$137.68 and its 200 day moving average is C$134.06.

Canadian National Railway (TSE:CNR) (NYSE:CNI) last released its quarterly earnings results on Friday, January 30th. The company reported C$2.08 EPS for the quarter. The business had revenue of C$4.46 billion during the quarter. Canadian National Railway had a return on equity of 27.10% and a net margin of 31.20%. Sell-side analysts forecast that Canadian National Railway will post 8.2610275 earnings per share for the current 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.