Canadian National Railway (TSE:CNR) Price Target Raised to C$163.00 at Scotiabank

Canadian National Railway (TSE:CNR) (NYSE:CNI) had its price target increased by Scotiabank from C$160.00 to C$163.00 in a report published on Wednesday morning,BayStreet.CA reports. Scotiabank currently has an outperform rating on the stock.

Several other research firms have also issued reports on CNR. Vertical Research upgraded Canadian National Railway from a “hold” rating to a “strong-buy” rating in a report on Monday, January 5th. Desjardins dropped their price objective on Canadian National Railway from C$161.00 to C$160.00 and set a “buy” rating on the stock in a research note on Monday, January 12th. National Bankshares set a C$150.00 target price on shares of Canadian National Railway and gave the company a “sector perform” rating in a research note on Thursday, January 8th. Cibc Captl Mkts upgraded shares of Canadian National Railway from a “hold” rating to a “strong-buy” rating in a report on Friday, November 28th. Finally, ATB Capital increased their price target on shares of Canadian National Railway from C$150.00 to C$151.00 and gave the company a “sector perform” rating in a research note on Monday, November 3rd. Three research analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating, seven have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of C$153.53.

Canadian National Railway Stock Performance

Shares of CNR stock opened at C$137.41 on Wednesday. Canadian National Railway has a 12 month low of C$126.11 and a 12 month high of C$154.56. The company’s fifty day simple moving average is C$135.10 and its 200-day simple moving average is C$133.59. The firm has a market cap of C$84.58 billion, a PE ratio of 18.67, a P/E/G ratio of 3.38 and a beta of 0.80. The company has a quick ratio of 0.58, a current ratio of 0.64 and a debt-to-equity ratio of 107.59.

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 (EPS) for the quarter. Canadian National Railway had a net margin of 31.20% and a return on equity of 27.10%. The firm had revenue of C$4.17 billion for the quarter. Equities research analysts expect that Canadian National Railway will post 8.2610275 EPS 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.