National Bank Financial Cuts Canadian National Railway (TSE:CNR) Price Target to C$190.00

Canadian National Railway (TSE:CNR) (NYSE:CNI) had its target price cut by National Bank Financial from C$192.00 to C$190.00 in a research note issued to investors on Wednesday,BayStreet reports. They currently have a sector perform rating on the stock.

A number of other research analysts have also issued reports on CNR. Scotia lifted their target price on Canadian National Railway from C$194.00 to C$199.00 and gave the stock a “sector outperform” rating in a report on Monday, July 27th. Sanford C. Bernstein upped their price target on shares of Canadian National Railway from C$163.00 to C$196.00 in a report on Thursday, July 16th. ATB Cormark Capital Markets raised their price objective on shares of Canadian National Railway from C$166.00 to C$185.00 and gave the company a “sector perform” rating in a research report on Monday, July 27th. JPMorgan Chase & Co. lifted their price objective on shares of Canadian National Railway from C$175.00 to C$182.00 in a research note on Monday, July 27th. Finally, TD boosted their target price on shares of Canadian National Railway from C$191.00 to C$205.00 and gave the stock a “buy” rating in a report on Monday, July 27th. Three equities research analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating and eight have assigned a Hold rating to the company’s stock. According to data from MarketBeat, Canadian National Railway has an average rating of “Moderate Buy” and a consensus target price of C$182.76.

Canadian National Railway Stock Performance

CNR opened at C$170.90 on Wednesday. Canadian National Railway has a 1-year low of C$127.94 and a 1-year high of C$185.25. The company has a market capitalization of C$103.38 billion, a price-to-earnings ratio of 21.94, a price-to-earnings-growth ratio of 3.38 and a beta of 1.13. The business has a 50 day moving average price of C$174.38 and a two-hundred day moving average price of C$163.14. The company has a debt-to-equity ratio of 103.26, a current ratio of 0.87 and a quick ratio of 0.57.

Canadian National Railway (TSE:CNR) (NYSE:CNI) last posted its quarterly earnings data on Friday, July 24th. The company reported C$2.08 EPS for the quarter. The company 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%. Research analysts predict that Canadian National Railway will post 8.2610275 EPS for the current fiscal 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.