Canadian National Railway (TSE:CNR) Price Target Cut to C$198.00 by Analysts at Scotiabank

Canadian National Railway (TSE:CNR) (NYSE:CNI) had its price objective decreased by research analysts at Scotiabank from C$199.00 to C$198.00 in a research note issued on Thursday, BayStreet reports. The firm presently has a “sector outperform” rating on the stock. Scotiabank’s price target points to a potential upside of 15.78% from the company’s current price.

A number of other equities analysts have also issued reports on CNR. Citizens Jmp raised shares of Canadian National Railway to a “hold” rating in a research report on Wednesday, July 15th. Desjardins raised their target price on shares of Canadian National Railway from C$185.00 to C$199.00 and gave the stock a “buy” rating in a report on Monday, July 27th. Royal Bank Of Canada reduced their price target on Canadian National Railway from C$205.00 to C$198.00 and set an “outperform” rating for the company in a research report on Thursday, September 24th. National Bank Financial decreased their price target on Canadian National Railway from C$192.00 to C$190.00 and set a “sector perform” rating for the company in a report on Wednesday, September 23rd. Finally, JPMorgan Chase & Co. upped their price objective on Canadian National Railway from C$175.00 to C$182.00 in a research report on Monday, July 27th. Three investment analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating and eight have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Canadian National Railway presently has an average rating of “Moderate Buy” and an average price target of C$183.39.

Canadian National Railway Stock Up 0.1%

TSE CNR traded up C$0.23 on Thursday, hitting C$171.01. The stock had a trading volume of 317,095 shares, compared to its average volume of 1,598,521. The business’s fifty day moving average price is C$171.40 and its 200 day moving average price is C$165.85. The company has a debt-to-equity ratio of 103.26, a current ratio of 0.87 and a quick ratio of 0.57. Canadian National Railway has a 52-week low of C$128.05 and a 52-week high of C$185.25. The stock has a market cap of C$103.31 billion, a price-to-earnings ratio of 21.95, a price-to-earnings-growth ratio of 3.38 and a beta of 1.16.

Canadian National Railway (TSE:CNR) (NYSE:CNI) last announced its quarterly earnings data on Friday, July 24th. The company reported C$2.08 EPS for the quarter. The firm had revenue of C$4.75 billion during the quarter. Canadian National Railway had a net margin of 26.92% and a return on equity of 22.19%. Equities research analysts anticipate that Canadian National Railway will post 8.26 earnings per share for the current 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.