Canadian National Railway (TSE:CNR) Given New C$163.00 Price Target at Sanford C. Bernstein

Canadian National Railway (TSE:CNR) (NYSE:CNI) had its target price lifted by stock analysts at Sanford C. Bernstein from C$156.00 to C$163.00 in a report released on Tuesday,BayStreet.CA reports. Sanford C. Bernstein’s target price would suggest a potential upside of 14.51% from the company’s current price.

Several other equities research analysts also recently issued reports on CNR. 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 research note on Thursday, January 8th. JPMorgan Chase & Co. reduced their price target on shares of Canadian National Railway from C$149.00 to C$147.00 in a report on Monday, February 2nd. National Bank Financial decreased their price target on shares of Canadian National Railway from C$150.00 to C$147.00 and set a “sector perform” rating on the stock in a research report on Monday, February 2nd. TD Securities dropped their price objective on shares of Canadian National Railway from C$166.00 to C$164.00 and set a “buy” rating on the stock in a report on Monday, February 2nd. Finally, BMO Capital Markets upped their price objective on shares of Canadian National Railway from C$158.00 to C$169.00 in a research report on Thursday, February 19th. Three investment analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating and seven have assigned a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of C$153.60.

Canadian National Railway Stock Performance

TSE:CNR traded up C$1.15 during mid-day trading on Tuesday, hitting C$142.35. 523,282 shares of the company’s stock traded hands, compared to its average volume of 1,880,798. The firm has a market capitalization of C$87.03 billion, a price-to-earnings ratio of 18.80, a price-to-earnings-growth ratio of 3.38 and a beta of 1.13. The firm has a 50 day moving average of C$142.46 and a two-hundred day moving average of C$136.85. The company has a current ratio of 0.67, a quick ratio of 0.58 and a debt-to-equity ratio of 101.25. Canadian National Railway has a 12 month low of C$126.11 and a 12 month high of C$154.63.

Canadian National Railway (TSE:CNR) (NYSE:CNI) last issued its quarterly earnings results on Friday, January 30th. The company reported C$2.08 EPS for the quarter. Canadian National Railway had a return on equity of 21.95% and a net margin of 27.28%.The company had revenue of C$4.46 billion for the quarter. On average, equities analysts forecast that Canadian National Railway will post 8.2610275 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.