Canadian National Railway (TSE:CNR) Given New C$154.00 Price Target at CIBC

Canadian National Railway (TSE:CNR) (NYSE:CNI) had its price target raised by CIBC from C$151.00 to C$154.00 in a research note released on Thursday,BayStreet.CA reports.

A number of other brokerages have also recently issued reports on CNR. Cibc Captl Mkts raised Canadian National Railway from a “hold” rating to a “strong-buy” rating in a report on Friday, November 28th. Royal Bank Of Canada cut their price target on Canadian National Railway from C$158.00 to C$153.00 and set an “outperform” rating on the stock in a research note on Thursday, December 18th. Desjardins upped their price objective on Canadian National Railway from C$151.00 to C$161.00 and gave the company a “buy” rating in a research note on Friday, December 12th. Scotiabank raised their price objective 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. Finally, ATB Capital lifted their target price on shares of 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. Three equities research analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of C$153.40.

Canadian National Railway Stock Performance

Shares of Canadian National Railway stock opened at C$137.89 on Thursday. The company’s 50 day moving average price is C$134.62 and its two-hundred day moving average price is C$133.96. The firm has a market capitalization of C$84.87 billion, a P/E ratio of 18.74, a P/E/G ratio of 3.38 and a beta of 0.80. Canadian National Railway has a fifty-two week low of C$126.11 and a fifty-two week high of C$154.56. The company has a debt-to-equity ratio of 107.59, a current ratio of 0.64 and a quick ratio of 0.58.

Canadian National Railway (TSE:CNR) (NYSE:CNI) last announced its quarterly earnings results on Friday, October 31st. The company reported C$1.83 earnings per share (EPS) for the quarter. Canadian National Railway had a net margin of 31.20% and a return on equity of 27.10%. The company had revenue of C$4.17 billion during the quarter. On average, equities analysts forecast that Canadian National Railway will post 8.2610275 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.