Canadian National Railway (TSE:CNR) Stock Has Average Price Target of C$182.76 According to Brokerages

Canadian National Railway (TSE:CNR – Get Free Report) (NYSE:CNI) has earned an average rating of “Moderate Buy” from the twenty brokerages that are presently covering the stock, Marketbeat.com reports. Eight analysts have rated the stock with a hold rating, nine have issued a buy rating and three have assigned a strong buy rating to the company. The average 12-month price target among brokers that have issued ratings on the stock in the last year is C$182.76.

A number of research firms recently commented on CNR. Sanford C. Bernstein increased their target price on Canadian National Railway from C$163.00 to C$196.00 in a research note on Thursday, July 16th. BMO Capital Markets boosted their target price on Canadian National Railway from C$180.00 to C$195.00 in a research report on Monday, July 27th. National Bank Financial cut their target price on Canadian National Railway from C$192.00 to C$190.00 and set a “sector perform” rating for the company in a research note on Wednesday, September 23rd. TD lifted their price target on shares of Canadian National Railway from C$191.00 to C$205.00 and gave the stock a “buy” rating in a research note on Monday, July 27th. Finally, Canadian Imperial Bank of Commerce upped their price objective on shares of Canadian National Railway from C$185.00 to C$198.00 in a research note on Monday, July 27th.

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Canadian National Railway Trading Down 1.2%

Shares of CNR stock opened at C$168.34 on Wednesday. The company has a market capitalization of C$101.69 billion, a PE ratio of 21.61, 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 business’s fifty day moving average is C$172.75 and its 200 day moving average is C$164.60. The company has a debt-to-equity ratio of 103.26, a quick ratio of 0.57 and a current ratio of 0.87.

Canadian National Railway (TSE:CNR – Get Free Report) (NYSE:CNI) last released its quarterly earnings results on Friday, July 24th. The company reported C$2.08 earnings per share for the quarter. The firm had revenue of C$4.75 billion for the quarter. Canadian National Railway had a return on equity of 22.19% and a net margin of 26.92%. On average, equities research analysts anticipate that Canadian National Railway will post 8.2610275 EPS for the current fiscal year.

Canadian National Railway Company Profile

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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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