Canadian National Railway (TSE:CNR) Price Target Cut to C$163.00 by Analysts at Royal Bank of Canada

Canadian National Railway (TSE:CNR) (NYSE:CNI) had its price target reduced by research analysts at Royal Bank of Canada from C$165.00 to C$163.00 in a research note issued on Tuesday, BayStreet.CA reports. The firm currently has a “sector perform” rating on the stock. Royal Bank of Canada’s price target indicates a potential upside of 6.64% from the stock’s previous close.

Several other equities research analysts have also recently weighed in on CNR. Veritas Investment Research restated a “buy” rating on shares of Canadian National Railway in a research report on Thursday, June 8th. Desjardins lowered their target price on Canadian National Railway from C$184.00 to C$181.00 and set a “buy” rating for the company in a research note on Wednesday, July 26th. Raymond James upgraded Canadian National Railway from a “market perform” rating to an “outperform” rating in a research report on Thursday, September 14th. National Bankshares cut their target price on shares of Canadian National Railway from C$173.00 to C$171.00 in a research report on Wednesday, July 26th. Finally, JPMorgan Chase & Co. cut their price objective on shares of Canadian National Railway from C$171.00 to C$167.00 in a report on Tuesday, July 11th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and four have given a buy rating to the company. According to data from MarketBeat, Canadian National Railway has an average rating of “Hold” and a consensus price target of C$169.03.

Canadian National Railway Stock Down 2.1 %

Shares of CNR stock traded down C$3.32 on Tuesday, reaching C$152.85. 486,904 shares of the company’s stock traded hands, compared to its average volume of 1,243,418. The company has a debt-to-equity ratio of 85.05, a quick ratio of 0.58 and a current ratio of 0.93. Canadian National Railway has a 12-month low of C$144.71 and a 12-month high of C$175.39. The business’s 50 day moving average price is C$154.39 and its two-hundred day moving average price is C$157.41. The company has a market capitalization of C$100.21 billion, a P/E ratio of 19.58, a price-to-earnings-growth ratio of 2.38 and a beta of 0.69.

Canadian National Railway (TSE:CNR) (NYSE:CNI) last posted its quarterly earnings data on Tuesday, July 25th. The company reported C$1.76 earnings per share (EPS) for the quarter, missing the consensus estimate of C$1.83 by C($0.07). Canadian National Railway had a return on equity of 24.97% and a net margin of 30.20%. The firm had revenue of C$4.06 billion for the quarter, compared to the consensus estimate of C$4.18 billion. During the same period in the prior year, the company posted $1.93 earnings per share. On average, equities analysts forecast that Canadian National Railway will post 8.4575725 earnings per share for the current year.

About Canadian National Railway

Canadian National Railway Company, together with its subsidiaries, engages in rail and related transportation business. The company offers rail services, which include equipment, custom brokage services, transloading and distribution, business development and real estate, and private car storage services; and intermodal services including temperature controlled cargo, port partnership, transloading and distribution, logistic parks, customs brokerage, trucking, and moving grains in containers.