Canadian National Railway (TSE:CNR) Given New C$200.00 Price Target at Desjardins

by · The Markets Daily

Canadian National Railway (TSE:CNR – Get Free Report) (NYSE:CNI) had its price objective increased by investment analysts at Desjardins from C$199.00 to C$200.00 in a research note issued to investors on Monday, BayStreet reports. The firm currently has a “buy” rating on the stock. Desjardins‘s price target suggests a potential upside of 12.75% from the company’s current price.

A number of other research firms have also recently issued reports on CNR. Royal Bank Of Canada boosted their price objective on Canadian National Railway from C$198.00 to C$200.00 and gave the company an “outperform” rating in a report on Monday. Scotiabank lowered their target price on shares of Canadian National Railway from C$199.00 to C$198.00 and set a “sector outperform” rating for the company in a research note on Thursday, October 15th. Sanford C. Bernstein raised their price target on shares of Canadian National Railway from C$163.00 to C$196.00 in a research note on Thursday, July 16th. Canadian Imperial Bank of Commerce upped their target price on shares of Canadian National Railway from C$185.00 to C$198.00 in a research note on Monday, July 27th. Finally, ATB Cormark Capital Markets raised their target price on shares of Canadian National Railway from C$166.00 to C$185.00 and gave the stock a “sector perform” rating in a research report on Monday, July 27th. Three analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating and ten have assigned a Hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of C$184.74.

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Canadian National Railway Price Performance

Shares of CNR traded up C$4.57 during mid-day trading on Monday, hitting C$177.38. 377,371 shares of the stock were exchanged, compared to its average volume of 1,567,564. The company has a debt-to-equity ratio of 105.88, a quick ratio of 0.57 and a current ratio of 0.82. The company has a market cap of C$107.16 billion, a PE ratio of 22.77, a price-to-earnings-growth ratio of 3.38 and a beta of 1.16. Canadian National Railway has a 52-week low of C$128.05 and a 52-week high of C$185.25. The firm has a 50-day moving average of C$170.69 and a two-hundred day moving average of C$160.29.

Canadian National Railway (TSE:CNR – Get Free Report) (NYSE:CNI) last issued its quarterly earnings results on Friday, October 30th. The company reported C$2.16 earnings per share (EPS) for the quarter. The company had revenue of C$4.77 billion during the quarter. Canadian National Railway had a return on equity of 22.34% and a net margin of 26.42%. On average, equities analysts predict that Canadian National Railway will post 8.26 earnings per share for the current year.

About Canadian National Railway

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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.

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