Canadian National Railway (TSE:CNR) Cut to “Market Perform” at Raymond James Financial

Canadian National Railway (TSE:CNR) (NYSE:CNI) was downgraded by research analysts at Raymond James Financial from an “outperform” rating to a “market perform” rating in a research note issued on Monday, BayStreet reports. They currently have a C$195.00 price objective on the stock, down from their previous price objective of C$200.00. Raymond James Financial’s price target would suggest a potential upside of 14.78% from the stock’s previous close.

A number of other research analysts also recently issued reports on CNR. National Bank Financial lowered their price target on Canadian National Railway from C$192.00 to C$190.00 and set a “sector perform” rating on the stock in a report on Wednesday, September 23rd. JPMorgan Chase & Co. increased their price objective on Canadian National Railway from C$175.00 to C$182.00 in a research report on Monday, July 27th. Scotiabank reduced their price objective on Canadian National Railway from C$199.00 to C$198.00 and set a “sector outperform” rating for the company in a report on Thursday. Wells Fargo & Company boosted their target price on Canadian National Railway from C$135.00 to C$145.00 and gave the stock an “overweight” rating in a research report on Monday, July 27th. Finally, Evercore raised Canadian National Railway from a “hold” rating to a “strong-buy” rating in a research report on Thursday, June 25th. Three research analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating and nine have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of C$183.11.

Canadian National Railway Stock Down 1.5%

Shares of CNR traded down C$2.50 on Monday, hitting C$169.89. 332,313 shares of the stock traded hands, compared to its average volume of 1,593,478. Canadian National Railway has a one year low of C$128.05 and a one year high of C$185.25. The company has a market capitalization of C$102.63 billion, a PE ratio of 21.81, a P/E/G ratio of 3.38 and a beta of 1.16. The business has a 50 day simple moving average of C$171.21 and a 200 day simple moving average of C$166.28. The company has a debt-to-equity ratio of 103.26, a quick ratio of 0.57 and a current ratio of 0.87.

Canadian National Railway (TSE:CNR) (NYSE:CNI) last issued its earnings results on Friday, July 24th. The company reported C$2.08 EPS for the quarter. Canadian National Railway had a return on equity of 22.19% and a net margin of 26.92%. The business had revenue of C$4.75 billion for the quarter. As a group, equities analysts forecast that Canadian National Railway will post 8.26 earnings per share 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.