Canadian National Railway (TSE:CNR – Get Free Report) (NYSE:CNI) was downgraded by equities research analysts at Raymond James Financial from an “outperform” rating to a “market perform” rating in a research report issued on Monday, BayStreet reports. They presently have a C$195.00 price objective on the stock, down from their prior price objective of C$200.00. Raymond James Financial’s target price points to a potential upside of 14.78% from the stock’s current price.
Other equities research analysts have also recently issued research reports about the stock. JPMorgan Chase & Co. raised their target price on shares of Canadian National Railway from C$175.00 to C$182.00 in a research note on Monday, July 27th. Susquehanna lowered shares of Canadian National Railway from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, July 14th. Wells Fargo & Company increased their price objective on shares of Canadian National Railway from C$135.00 to C$145.00 and gave the stock an “overweight” rating in a research note on Monday, July 27th. Stephens raised shares of Canadian National Railway to a “hold” rating in a research note on Wednesday, July 8th. Finally, BMO Capital Markets raised their price objective on shares of Canadian National Railway from C$180.00 to C$195.00 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 nine have issued a Hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of C$183.11.
Get Our Latest Research Report on Canadian National Railway
Canadian National Railway Stock Performance
CNR traded down C$2.50 during midday trading on Monday, reaching C$169.89. The company had a trading volume of 332,313 shares, compared to its average volume of 1,593,478. The business has a 50-day moving average of C$171.21 and a two-hundred day moving average of C$166.28. The company has a quick ratio of 0.57, a current ratio of 0.87 and a debt-to-equity ratio of 103.26. Canadian National Railway has a 1 year low of C$128.05 and a 1 year high of C$185.25. The company has a market cap of C$102.63 billion, a P/E ratio of 21.81, a P/E/G ratio of 3.38 and a beta of 1.16.
Canadian National Railway (TSE:CNR – Get Free Report) (NYSE:CNI) last posted its quarterly earnings data 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%. As a group, equities research analysts predict that Canadian National Railway will post 8.26 earnings per share for the current fiscal 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.
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