Canadian National Railway (TSE:CNR) Stock Gets Price Target Trim from Scotiabank

Canadian National Railway (TSE:CNR) (NYSE:CNI) had its price objective dropped by investment analysts at Scotiabank from C$199.00 to C$198.00 in a research report issued on Thursday, BayStreet reports. The brokerage currently has a “sector outperform” rating on the stock. Scotiabank’s target price points to a potential upside of 15.78% from the company’s previous close.

CNR has been the topic of a number of other research reports. Evercore raised Canadian National Railway from a “hold” rating to a “strong-buy” rating in a research note on Thursday, June 25th. Stephens raised Canadian National Railway to a “hold” rating in a research report on Wednesday, July 8th. Raymond James Financial upped their target price on Canadian National Railway from C$198.00 to C$200.00 and gave the company an “outperform” rating in a research note on Monday, July 27th. Susquehanna downgraded Canadian National Railway from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, July 14th. Finally, ATB Cormark Capital Markets increased their target price on Canadian National Railway from C$166.00 to C$185.00 and gave the stock a “sector perform” rating in a research report on Monday, July 27th. Three investment 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 stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of C$183.39.

Canadian National Railway Stock Up 0.1%

TSE:CNR traded up C$0.23 during midday trading on Thursday, reaching C$171.01. The company had a trading volume of 317,095 shares, compared to its average volume of 1,598,521. The company has a current ratio of 0.87, a quick ratio of 0.57 and a debt-to-equity ratio of 103.26. Canadian National Railway has a 12-month low of C$128.05 and a 12-month high of C$185.25. The firm has a market capitalization of C$103.31 billion, a price-to-earnings ratio of 21.95, a PEG ratio of 3.38 and a beta of 1.16. The stock’s fifty day simple moving average is C$171.40 and its 200-day simple moving average is C$165.85.

Canadian National Railway (TSE:CNR) (NYSE:CNI) last announced its quarterly earnings results on Friday, July 24th. The company reported C$2.08 earnings per share (EPS) for the quarter. Canadian National Railway had a return on equity of 22.19% and a net margin of 26.92%. The firm had revenue of C$4.75 billion during the quarter. On average, sell-side analysts anticipate 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.