TD Forecasts Strong Price Appreciation for Canadian National Railway (TSE:CNR) Stock

Canadian National Railway (TSE:CNR) (NYSE:CNI) had its target price lifted by stock analysts at TD from C$205.00 to C$211.00 in a report released on Monday, BayStreet reports. The firm presently has a “buy” rating on the stock. TD‘s price objective would suggest a potential upside of 18.95% from the stock’s current price.

A number of other analysts have also weighed in on the stock. Royal Bank Of Canada upped their price target on shares of Canadian National Railway from C$198.00 to C$200.00 and gave the stock an “outperform” rating in a research note on Monday. Stifel Nicolaus set a C$200.00 target price on Canadian National Railway and gave the stock a “buy” rating in a research report on Tuesday, October 27th. ATB Cormark Capital Markets lifted their price target on Canadian National Railway from C$166.00 to C$185.00 and gave the company a “sector perform” rating in a report on Monday, July 27th. Scotia upped their price target on Canadian National Railway from C$198.00 to C$200.00 and gave the company a “sector perform” rating in a research report on Monday. Finally, Canadian Imperial Bank of Commerce raised their price objective on Canadian National Railway from C$185.00 to C$198.00 in a research report on Monday, July 27th. Three equities research analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating and ten have given a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of C$184.74.

Canadian National Railway Stock Up 2.6%

Shares of Canadian National Railway stock traded up C$4.57 during trading on Monday, reaching C$177.38. The company had a trading volume of 377,371 shares, 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. Canadian National Railway has a fifty-two week low of C$128.05 and a fifty-two week high of C$185.25. The firm’s fifty day moving average is C$170.69 and its 200-day moving average is C$160.29. The company has a market cap of C$107.16 billion, a price-to-earnings ratio of 22.77, a price-to-earnings-growth ratio of 3.38 and a beta of 1.16.

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

Canadian National Railway Company Profile

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.