Royal Bank Of Canada Cuts Canadian National Railway (TSE:CNR) Price Target to C$198.00

Canadian National Railway (TSE:CNR) (NYSE:CNI) had its price objective trimmed by Royal Bank Of Canada from C$205.00 to C$198.00 in a research report sent to investors on Thursday,BayStreet reports. The brokerage currently has an outperform rating on the stock.

Several other equities research analysts have also recently weighed in on the stock. Wells Fargo & Company raised their price objective on shares of Canadian National Railway from C$135.00 to C$145.00 and gave the company an “overweight” rating in a research report on Monday, July 27th. Citizens Jmp raised shares of Canadian National Railway to a “hold” rating in a report on Wednesday, July 15th. Sanford C. Bernstein boosted their price objective on shares of Canadian National Railway from C$163.00 to C$196.00 in a research report on Thursday, July 16th. BMO Capital Markets upped their price objective on Canadian National Railway from C$180.00 to C$195.00 in a report on Monday, July 27th. Finally, Scotia lifted their target price on Canadian National Railway from C$194.00 to C$199.00 and gave the company a “sector outperform” rating in a research note on Monday, July 27th. Three analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating and eight have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of C$182.76.

Canadian National Railway Stock Up 0.8%

TSE CNR opened at C$170.90 on Thursday. The firm has a market cap of C$103.38 billion, a PE ratio of 21.94, a price-to-earnings-growth ratio of 3.38 and a beta of 1.13. Canadian National Railway has a one year low of C$127.94 and a one year high of C$185.25. The stock’s 50 day simple moving average is C$174.38 and its 200 day simple moving average is 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 issued its quarterly earnings data on Friday, July 24th. The company reported C$2.08 earnings per share (EPS) for the quarter. The firm had revenue of C$4.75 billion during the quarter. Canadian National Railway had a return on equity of 22.19% and a net margin of 26.92%. As a group, sell-side analysts forecast that Canadian National Railway will post 8.2610275 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.