Canadian National Railway (TSE:CNR) Raised to “Strong-Buy” at Cibc Captl Mkts

Canadian National Railway (TSE:CNR) (NYSE:CNI) was upgraded by equities researchers at Cibc Captl Mkts from a “hold” rating to a “strong-buy” rating in a report issued on Friday,Zacks.com reports.

Several other research analysts have also issued reports on the stock. Berenberg Bank increased their price target on shares of Canadian National Railway from C$148.00 to C$152.00 in a research note on Tuesday, November 11th. Citigroup upped their price objective on shares of Canadian National Railway from C$119.00 to C$120.00 and gave the stock a “buy” rating in a report on Monday, November 3rd. Scotiabank lifted their target price on shares of Canadian National Railway from C$150.00 to C$160.00 and gave the company an “outperform” rating in a report on Monday, November 3rd. ATB Capital boosted their price target on Canadian National Railway from C$150.00 to C$151.00 and gave the stock a “sector perform” rating in a research report on Monday, November 3rd. Finally, CIBC upgraded Canadian National Railway from a “neutral” rating to an “outperform” rating and upped their price target for the stock from C$146.00 to C$151.00 in a research note on Friday. Two analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of C$152.87.

Canadian National Railway Trading Up 1.5%

CNR opened at C$133.83 on Friday. The stock has a market cap of C$82.37 billion, a PE ratio of 18.18, a PEG ratio of 3.38 and a beta of 0.86. The company has a quick ratio of 0.58, a current ratio of 0.64 and a debt-to-equity ratio of 107.59. The business has a 50 day moving average of C$132.62 and a 200-day moving average of C$135.71. Canadian National Railway has a 52 week low of C$126.11 and a 52 week high of C$157.24.

Canadian National Railway (TSE:CNR) (NYSE:CNI) last issued its quarterly earnings results on Friday, October 31st. The company reported C$1.83 earnings per share for the quarter. The company had revenue of C$4.17 billion for the quarter. Canadian National Railway had a return on equity of 27.10% and a net margin of 31.20%. Equities research analysts predict that Canadian National Railway will post 8.2610275 earnings per share for the current fiscal year.

About Canadian National Railway

Canadian National’s railway spans Canada from coast to coast and extends through Chicago to the Gulf of Mexico. In 2019, CN delivered almost 6 million carloads over its 19,600 miles of track. CN generated roughly CAD 14 billion in total revenue by hauling intermodal containers (25% of consolidated revenue), petroleum and chemicals (21%), grain and fertilizers (16%), forest products (12%), metals and mining (11%), automotive shipments (6%), and coal (4%).