Royal Bank Of Canada Has Lowered Expectations for Canadian National Railway (TSE:CNR) Stock Price

Canadian National Railway (TSE:CNR) (NYSE:CNI) had its price objective dropped by analysts at Royal Bank Of Canada from C$205.00 to C$198.00 in a report released on Thursday, BayStreet reports. The firm currently has an “outperform” rating on the stock. Royal Bank Of Canada’s price target would suggest a potential upside of 16.26% from the stock’s previous close.

CNR has been the topic of a number of other research reports. Stephens raised shares of Canadian National Railway to a “hold” rating in a report on Wednesday, July 8th. TD lifted their price objective on shares of Canadian National Railway from C$191.00 to C$205.00 and gave the stock a “buy” rating in a report on Monday, July 27th. JPMorgan Chase & Co. upped their target price on shares of Canadian National Railway from C$175.00 to C$182.00 in a research report on Monday, July 27th. Barclays increased their target price 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. Finally, Citizens Jmp raised Canadian National Railway to a “hold” rating in a research note on Wednesday, July 15th. Three research analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating and eight have given a Hold rating to the company’s stock. According to data from MarketBeat.com, Canadian National Railway currently has a consensus rating of “Moderate Buy” and an average target price of C$182.76.

Canadian National Railway Price Performance

TSE CNR traded up C$1.69 during trading on Thursday, reaching C$170.31. The company’s stock had a trading volume of 534,116 shares, compared to its average volume of 1,638,898. The stock has a market capitalization of C$103.02 billion, a PE ratio of 21.86, a P/E/G ratio of 3.38 and a beta of 1.13. The company has a debt-to-equity ratio of 103.26, a current ratio of 0.87 and a quick ratio of 0.57. The firm has a fifty day moving average of C$174.80 and a 200 day moving average of C$162.91. Canadian National Railway has a one year low of C$127.32 and a one year high of C$185.25.

Canadian National Railway (TSE:CNR) (NYSE:CNI) last issued its quarterly earnings results on Friday, July 24th. The company reported C$2.08 earnings per share (EPS) for the quarter. Canadian National Railway had a return on equity of 22.19% and a net margin of 26.92%.The firm had revenue of C$4.75 billion during the quarter. Analysts expect that Canadian National Railway will post 8.2610275 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.